Chief Bank Under NBC Provisional Administration: 3 Months

• 3 months of provisional administration. The National Bank of Cambodia (NBC) places Chief (Cambodia) Commercial Bank Plc under provisional administration for a period of three months.
• Effective date: September 21, 2026. The measure applies from this date, according to the central bank's official notice.
• Location: Phnom Penh. The announcement comes from the NBC, Cambodia's banking regulator, and covers the entire Chief Bank network.
• Reason: compliance weaknesses. The decision follows identified weaknesses in the bank's compliance with applicable banking regulations.
• Action: Baker Tilly appointed administrator. Baker Tilly (Cambodia) Co., Ltd. is tasked with overseeing and managing the bank's operations during the period.

The event is a one-off, but it is part of a supervisory process governed by Cambodian banking law. Here are the milestones before and after.

1. Before September 21, 2026: the NBC identifies weaknesses in Chief Bank's compliance with applicable banking regulations.
2. September 21, 2026: the NBC issues an official notice placing Chief (Cambodia) Commercial Bank Plc under provisional administration for three months.
3. September 21, 2026: Baker Tilly (Cambodia) Co., Ltd. is appointed provisional administrator with authority to oversee and manage the bank's operations.
4. During the 3 months: the administrator assesses the bank's financial and operational situation and prepares recommendations for the NBC.
5. During the 3 months: the NBC states it will closely monitor the process and coordinate with relevant parties to support its implementation.
6. At the end of the 3 months: the NBC will determine the appropriate next steps based on the administrator's recommendations.
7. Ongoing: customers and relevant parties can contact Baker Tilly Cambodia at 023 987 100 or info@bakertilly.com.kh for further information.

The measure affects all Chief Bank stakeholders. Here is how it breaks down by segment.

• Check if you are a customer. If you hold an account, loan or savings product with Chief Bank, the measure directly affects you: identify your balances and due dates.
• Monitor your deposits and loans. The NBC advises customers to monitor their deposits and loans during the provisional administration period.
• Look into depositor protection. Now is the time to check the protection mechanisms applicable to your assets and their scope.
• A sector-wide warning sign. The event is a reminder of the importance of diversifying your banks and not concentrating all your funds in a single institution.
• An official contact exists. For any questions, Baker Tilly Cambodia can be reached at 023 987 100 or by email at info@bakertilly.com.kh — use this channel rather than online rumors.

1. Step 1: List all your accounts, deposits and loans with Chief Bank, with amounts and due dates.
2. Step 2: Check the NBC's official notice and Baker Tilly Cambodia's communications for any updates.
3. Step 3: Contact Baker Tilly at 023 987 100 or info@bakertilly.com.kh to clarify your personal situation.
4. Step 4: Verify depositor protection mechanisms and how they apply to your balances.
5. Step 5: Diversify your cash across several banking institutions to reduce concentration risk.
6. Step 6: Keep a digital copy of your statements, contracts and deposit receipts.
7. Step 7: Avoid rushed withdrawals or uninformed decisions: follow official channels and the regulator's recommendations.