Prince Bank Plc. is proud to announce that it has once again been named the winner of the “Best Corporate Governance” award by International Finance Magazine in 2025, marking its second win, following its first recognition in 2023. This back-to-back honour reaffirms the Bank’s steadfast commitment to transparency, ethical conduct, and excellence in corporate governance.
Prince Bank has distinguished itself in Cambodia’s financial sector by establishing the first fully independent Board of Directors in the country, setting a new benchmark for governance practices in the local banking industry. Central to this achievement is Tan Sri Muhammad Bin Ibrahim, Independent Non-Executive Director and Chairman of the Board Risk Committee, whose depth of experience and strategic oversight have significantly shaped Prince Bank’s governance and risk management framework.
In addition, Mr. Honn Sorachna has recently been appointed as the new Chairman of Prince Bank Plc., bringing a wealth of leadership and vision to the Bank’s board. His appointment marks another strategic move to further strengthen Prince Bank’s corporate direction and alignment with global best practices.
Meanwhile, Mr. Looi Kok Soon, the CEO of Prince Bank Plc., continues to lead the Bank’s transformation journey with a focus on innovation, performance, and governance excellence. His forward-thinking approach and proven track record are pivotal in delivering sustainable growth.
“To be recognised twice for corporate governance is both a privilege and a responsibility,” said Mr. Looi Kok Soon, CEO of Prince Bank Plc. “This award validates our relentless pursuit of transparency and ethical leadership principles that define every decision we make. As Cambodia’s banking sector evolves, we remain committed to setting the highest standards, inspiring trust among stakeholders, and contributing to the nation’s economic progress.”
Over the past several years, Prince Bank has made significant progress in reinforcing its governance structure, emphasising board independence, internal audit strength, and a culture of integrity.
These efforts have positioned the Bank as a role model for professionalism and accountability in Cambodia’s financial ecosystem.
International Finance Magazine’s awards spotlight global institutions that demonstrate outstanding achievements in governance, innovation, and financial leadership. Winners are chosen through a rigorous process involving market analysis, peer evaluation, and expert assessment.
Winning the “Best Corporate Governance” award in both 2023 and 2025 cements Prince Bank’s status as one of Cambodia’s most trusted, innovative, and forward-thinking financial institutions. As it continues to grow and evolve, the Bank remains committed to delivering long-term value to its stakeholders and making meaningful contributions to the Cambodian economy.