US-based real estate firm Century 21’s Cambodian division yesterday signed a memorandum of understanding (MoU) with BRED Bank Cambodia, appointing the bank as its finance partner for properties promoted exclusively by the  Century 21 Cambodia Network.

The MoU was signed by Century 21 Cambodia Chief Operations Officer Seraj Sutton and BRED Bank Cambodia Chief Executive Officer Guillaume Perdon.

Sutton said he is delighted with the partnership. In 2017, BRED Bank became the first European bank to operate in Cambodia.

“I believe this collaboration will play a strong role in creating better opportunities for customers and investors while enabling more Cambodian people to buy their dream properties,” he said.

“Our customers won’t just enjoy their home ownership, they’ll also benefit from the competitive and flexible financing provided by BRED Bank Cambodia.”

Perdon said that BRED Bank Cambodia has made a strong commitment to support the Cambodian  property market. “Not only do we offer the highest international banking standards, we’re confident that our home loans represent the best value in the Kingdom. We look forward to a long and exciting partnership with Century 21.”

Century 21 Cambodia is the exclusive sales agent for many of the finest development projects in Cambodia including the Forest Harmony, Golf Harmony, Residence Harmony, Lagoon Harmony and Living Harmony projects as well as the European Design Luxury Holiday Villas and Condominiums project being developed at Prey Thnang commune of Teuk Chhou district, 18 kilometres from Kampot city.

In October last year, Forest Harmony Co Ltd announced the soft launch of “Golf Harmony”, the second phase of its successful Forest Harmony development.

BRED Bank Cambodia is a subsidiary of BRED Banque Populaire, a member of the BPCE Group, the second-largest banking group in France, serving more than 31.2 million customers, employing more than 100,000 people worldwide and counting 9 million cooperative shareholders.

BRED Banque Populaire, had shareholders’ equity of about $3.9 billion and 150,000 cooperative shareholders at the end of 2015.

It employs 5,000 people, 20 percent of whom work abroad. BRED Banque Populaire has reach with subsidiaries located in the Horn of Africa (Djibouti), the Pacific region (New-Caledonia, Vanuatu and the Fiji Islands) and South-East Asia. Century 21 Cambodia is the 75th official country for Century 21. It has a wide network of offices in Phnom Penh, Sihanoukville and other major cities and provinces, with more than 700 qualified and well-trained professional agents.

The firm provides a range of servicesfrom  property brokerage,  real estate project marketing and sales management, land and property investment consulting to affiliation opportunities.

• Tags: BRED Bank, Century 21