Wing Bank (Cambodia) Plc proudly endorses the National Bank of Cambodia’s initiative to promote a savings culture, enhance financial inclusion, and contribute to poverty reduction as part of Cambodia’s socio-economic development.
This year’s ASEAN Savings Day, an annual initiative led by the National Bank of Cambodia, was celebrated in Kampong Speu province, with H.E. Yim Leat, Deputy Governor of the National Bank of Cambodia, leading the proceedings.
The initiative focuses on raising awareness about the importance of saving, encouraging deposits in formal financial institutions, and improving financial management skills nationwide. By fostering strong savings habits, the program empowers individuals to secure their financial future and contributes to Cambodia’s economic stability.
As a proud event sponsor, Wing Bank set up an engaging booth with friendly and knowledgeable staff ready to assist participants. They provided guidance opening Wing Bank accounts and personalized advice on long-term savings strategies, equipping attendees with the tools to achieve their financial aspirations.
A key feature highlighted was Wing Bank’s Save for a Goal account, which offers competitive interest rates for terms ranging from one month to 60 months, with rates as high as 5% per annum. Customers could also explore term deposit options with rates up to 5.5% per annum, while standard savings accounts offered 1% per annum, allowing individuals to build a secure financial future.
Celebrated annually on 31st October, ASEAN Savings Day aligns with efforts across ASEAN member states to promote financial inclusion and enhancing savings habits. In Cambodia, this aligns closely to the National Financial Inclusion Strategy 2019-2025, designed to broaden access to financial services, ensuring every Cambodian can participate in and benefit from the country’s economic growth.
Wing Bank remains dedicated to empowering and educating the Cambodian community on financial matters, reinforcing our commitment to fostering a financially literate and prosperous society.