Wing Bank and East Group Sign MOU to Expand Banking, Payment and Financing Opportunities

PHNOM PENH, 2 November 2026 — Wing Bank and East Group have signed a Memorandum of Understanding (MOU) to explore banking, payment, financing and investment opportunities aimed at improving business efficiency and delivering greater convenience to customers. 

The agreement establishes a framework for cooperation across property payment collections, employee banking, merchant payment acceptance, property buyer financing, eligible corporate bond distribution and joint business development. 

“Property businesses manage a wide range of transactions, from customer deposits and instalments to rental collections and payroll. This partnership gives us an opportunity to make those processes more convenient and efficient,” said Dr. Dmytro Kolechko, Chief Executive Officer of Wing Bank. “Our priority is to turn the agreement into practical services that support East Group’s operations and deliver value to customers.” 

A key area of cooperation will be payment and collection solutions for property sales, deposits, instalments, rental payments and maintenance fees. These are payments customers and tenants already make. The parties will explore collections through Wing Bank accounts, KHQR and other available digital channels, supported by automated payment reconciliation and reporting. 

The collaboration will also explore digital payment acceptance for tenants and merchants within East Group’s commercial properties, including suitable merchant collection services and potential payment gateway integrations. 

To support property buyers, Wing Bank and East Group will explore preferential home loan and property financing packages for qualified customers. The parties intend to facilitate customer referrals and develop financing solutions suited to eligible buyers. All credit facilities will remain subject to Wing Bank’s credit assessment and approval. 

Under the MOU, the parties will also explore appointing Wing Bank as a preferred payroll banking partner, supporting salary disbursement, employee account opening and access to suitable banking services. 

“This signing marks more than the start of a collaboration. It opens a new chapter built on mutual trust, in which we combine our strengths to make every property payment simpler and to create lasting value for our customers,” said Lok Chumteav Chan Dany, Vice Chairwoman of the Board of Directors and Group Executive Vice President of East Group. “By pairing East Group’s long-term vision with Wing Bank’s expertise in banking and financial technology, we look forward to opening new opportunities for our customers, our business partners and the communities we serve.” 

The agreement further provides for exploring the potential appointment of Wing Bank as an authorised selling or distribution agent for eligible corporate bond offerings by East Group or its affiliated entities. Potential cooperation includes bond subscription payments and related collection services, subject to applicable requirements and approvals. 

Together, Wing Bank and East Group aim to bring banking closer to every stage of property ownership, from the first deposit to monthly payments and future financing. 

East Group customers can get ready for the new payment and financing services by opening a Wing Bank account today. Visit any Wing Bank branch or call 023 999 989 to open an account or ask about home financing. 

About Wing Bank 

Wing Bank (Cambodia) Plc., a 100% Khmer-owned bank and the Bank for Every Cambodian, provides financial services designed to meet the everyday needs of individuals and businesses. Since its beginnings in 2008, Wing has expanded access to financial services through digital channels and its network of branches and agents. Its offerings include deposits, loans, domestic and international transfers, payments, and business banking solutions. Wing Bank is committed to advancing financial inclusion and making banking more accessible and convenient across Cambodia.  

Learn more at Wing Bank’s website. 

About East Group  

East Group is a diversified business conglomerate that has been developing and expanding its operations across six core sectors: Real Estate, Finance, Agriculture, Hospitality, Industry (Special Economic Zones - SEZ), and Trading. In the real estate sector, East Group focuses on developing quality, thoughtfully designed and affordable housing. Based on experience and expertise in real estate development since 2000, we continue to meet the growing housing demand in Cambodia and contribute to building vibrant communities. Its approach is guided by integrity, entrepreneurship, quality, responsibility, service, and teamwork, with a commitment to sustainable development and growth. 

Learn more at East Group’s website.