Dear Valued Customers, Shareholders and everyone who supports KB Daehan Specialized Bank,

First, I would like to express my sincere gratitude to all our customers and shareholders for their continued support and interest in KDSB.

2021 was a very challenging year. The Phnom Penh Lockdown due to the COVID-19 outbreak has impacted not only those in Phnom Penh but also the lives of everyone throughout the entire nation. But through endurance and innovation, KB Daehan Specialized Bank (“KDSB”) has managed to stay on track with its performance, and now I am pleased to present the financials and achievements of KDSB in 2021.

In 2021, in line with the Cambodian Government’s initiatives to overcome the COVID-19 pandemic, we did our best to implement the special support packages such as the restructuring program. Despite various uncertainties surrounding the business environment caused by such an unprecedented event, all key financial performance indicators such as the total assets, loan assets and net profit, show remarkable growth. I wish to take this opportunity to thank all the employees and management of KDSB for overcoming the difficult situation with a great result.

Even though KDSB is a latecomer in Cambodia with only our third year of full operation, KDSB became one of the leading banks in the Cambodian auto finance market which was achieved by rapid growth.

In 2021, KDSB launched a new card product called KDSB Lucky Card. Based on the experience from our parent company, KB Kookmin Card, a top tier card company in Korea, we successfully managed to start the engine for our special journey into the Cambodia Card Market. And as a member of KB Financial Group, the leading financial group in Korea in all areas of financial services including Banks, Insurance, Securities, and Cards, KDSB can deliver innovative card products to our customers in Cambodia.

At the same time, as part of our contribution to the local society, we carried out various campaigns with protection masks and dedicated our resources for the development of provincial areas including Kampong Thom province with the KDSB Solar Street and Water Supply and scholarship programs. We also started providing support for building Tang Krasang High School.

When we first started business in Cambodia, we aimed to support building a bright future for Cambodia. KDSB will continue to develop fast, flexible and reliable financial products and digital platforms. By using our financial products, we hope that our valued customers and Cambodian society as a whole enjoy a more convenient and happier life.

Let’s drive on “Your New Highway in Finance” with KB Daehan Specialized Bank!

Thank you, and I wish you great health and success.

In 2021, KDSB showed incredible growth of 142.6% in net profit amid the challenge of the unprecedented COVID-19 pandemic. During this prolonged crisis, based on the advanced knowledge and experience of risk management gained in South Korea, KDSB was still able to manage risk well. The growth of total assets was mainly from the increase of loan disbursement amounts which rose considerably year on year.