Phnom Penh, Cambodia – BSP Finance (Cambodia) Plc officially announced today its rebranding to Tonle Finance Plc. This significant transition, effective immediately, follows the successful approval from both the National Bank of Cambodia and the Ministry of Commerce, marking a new chapter for the financial leasing institution.
Tonle Finance Plc specializes in providing essential financial leasing solutions for a diverse range of assets, including vehicles, agricultural equipment, construction machinery, and other heavy equipment. This strategic name change symbolizes a renewed and strengthened long-term commitment to the Kingdom of Cambodia and its valued customers.
Despite the new corporate identity and logo, the institution emphasizes that all existing customer financial lease agreements will remain entirely unchanged. This includes all contractual terms and conditions, as well as the agreed repayment obligations, ensuring seamless continuity for all clients.
Ms. Ly Sopheak, Executive Director of Tonle Finance Plc, reassured customers, stating, “While the institution’s bank account name will be updated to reflect our new identity, customers can rest assured that their account numbers will remain the same. This means that all payment procedures can continue as normal without any disruption. Furthermore, all existing agreements, repayment schedules, and our extensive customer service network will continue to operate as before. Our customers will proceed with their payments as usual and will continue to receive the same level of statements, reminders, and dedicated service support they have always relied upon.”
Tonle Finance Plc extends its assurance to all its customers and business partners that daily operations and all established communication channels with the institution will proceed without interruption. The institution remains steadfast in its mission to deliver prompt and efficient services, empowering customers to acquire the necessary equipment and vehicles that are crucial for their personal and business development.
This strategic rebranding and the introduction of the new name and logo come after a pivotal ownership development. RMA Group recently acquired the remaining 50% stake previously held by Bank of South Pacific (BSP). This acquisition now positions RMA Group as the sole controlling owner of the institution once again. RMA Group is a long-standing and prominent investor and operator within Cambodia, boasting a robust track record in fostering economic growth and establishing sustainable businesses throughout the nation.
Mr. Kevin Whitcraft, CEO of RMA Group, commented on the significance of this transition: “RMA Group has been a dedicated partner to Tonle Finance since its very beginning in 2013. Now, as the sole controlling owner, RMA Group is poised to offer even stronger support and ensure long-term stability for both the institution’s comprehensive business operations and, critically, for our valued customers. We hold immense confidence in the future prosperity of Cambodia, and we are profoundly proud to continue and intensify our investment commitments within the country.”
The inspiration behind the new name, Tonle Finance, is deeply rooted in Cambodia’s iconic Tonle Sap Lake. This natural wonder serves as a powerful symbol of continuous growth, vital connectivity, and enduring resilience, perfectly encapsulating the institution’s renewed vision and purpose.
Further elaborating on the institution’s role, Mr. Andrew stated, “Much like Cambodia’s magnificent rivers that sustain countless livelihoods and communities, the financial leasing sector plays an indispensable role in driving economic growth and unlocking diverse business opportunities. Every single day, we provide crucial financial access to numerous customers, enabling them to boost their income, strategically expand their businesses, and ultimately better support their families. Our new name, Tonle Finance, clearly reflects this profound purpose and our unwavering responsibility.”
As Tonle Finance Plc, the institution reaffirms its commitment to continuously support customers across the entire Kingdom of Cambodia and to actively contribute to the nation’s ongoing economic development. While the name has evolved, the core dedication and trust in delivering responsible and tailored financial leasing solutions, coupled with highly efficient services, remain paramount and unwavering.
For customers who may have additional inquiries, Tonle Finance Plc encourages them to reach out through their established official communication channels. Comprehensive Frequently Asked Questions (FAQs) are also available for easy access on the Tonle Finance Plc website.
