Cambodia’s banking sector has experienced remarkable expansion over recent years, alongside Cambodia’s economy. Many central banks have established themselves in Cambodia to facilitate economic expansion by providing credit services and encouraging trade and investment.
Cambodia’s biggest banks are among its most established and reputable financial institutions, having invested heavily in infrastructure, technology and human capital investments that allow them to provide world-class banking services to customers ranging from retail banking, corporate banking, trade finance and investment banking – playing an essential role in Cambodia’s economic development. Here we take a closer look at Cambodia’s biggest banks – their histories, services and effects on Cambodia’s economy.
Cambodia’s top banks include:
10. Vattanac Bank
Vattanac Bank is one of Cambodia’s premier commercial banks, serving individual and corporate customers. Established as a subsidiary of Vattanac Capital Limited (a real estate development company) in 2002, this bank has since provided high-quality financial services utilizing its extensive network and cutting-edge technologies.
Vattanac Bank offers various banking products and services, such as deposit accounts, loans, credit cards and foreign exchange services. In addition, customers can take advantage of online and mobile banking to manage their accounts and transactions easily from any location. With its strong commitment to innovation and investment in technology to enhance its customer experience – Vattanac Bank was among one of the first banks in Cambodia to launch a mobile banking app!
Vattanac Bank has earned numerous accolades and awards for its superior services and dedication to customer satisfaction, such as being honoured as the Best Commercial Bank in Cambodia by International Finance Magazine in 2019. Furthermore, it was honoured for fostering financial inclusion within Cambodia by supporting SMEs and small businesses.
With its strong position in Cambodia’s banking sector, Vattanac Bank is poised to support economic development by providing access to finance and other financial services.
9. Phillip Bank Plc
Phillip Bank Plc is one of Cambodia’s premier commercial banks, serving individuals and corporate customers. Established as part of PhillipCapital Group – an industry-leading financial services provider in Asia – in 2009, the bank has experienced rapid expansion to meet customer needs by widening its network and product offering to accommodate customer demand.
Phillip Bank Plc provides various banking products and services, such as deposit accounts, loans, trade finance services, remittance services and foreign exchange solutions. In addition, online and mobile banking services allow customers to access their accounts from any device at any time to conduct transactions.
Phillip Bank Plc prioritizes customer service and innovation by investing in technology to enhance the customer experience. Phillip was one of the first banks in Cambodia to introduce mobile banking, allowing customers to manage accounts and conduct transactions from their smartphones. Furthermore, this bank has implemented various digital initiatives to enhance services such as online account opening and loan applications.
Phillip Bank Plc has earned multiple accolades and awards for its exceptional services and commitment to innovation, including being named Best Retail Bank in Cambodia by International Finance Magazine in 2020. Furthermore, it has been recognized for supporting small and medium enterprises through various loan products and financial services.
Phillip Bank Plc stands poised to contribute significantly to Cambodia’s economic development by offering access to finance and financial services that benefit individuals and businesses alike. With an established presence in Cambodia’s banking sector, Phillip Bank Plc stands ready to advance economic development by providing access to finance for individuals and businesses.
8. ANZ Royal Bank (Cambodia) Ltd
ANZ Royal Bank (Cambodia) Ltd is one of Cambodia’s premier commercial banks, providing various financial products and services for their customers. With a focus on retail banking services such as deposit accounts and loans as well as credit cards and wealth management products for individual customers.
In addition to retail banking operations, ANZ Royal Bank also provides an array of corporate and institutional banking services – trade finance, cash management, treasury management, and foreign exchange are among the many available – to corporations of various sizes, large multinational corporations as well as local businesses and government bodies among their client base.
ANZ Royal Bank is dedicated to driving sustainable economic and social progress in Cambodia. The bank supports local communities through funding initiatives in education, healthcare and environmental sustainability; in partnership with local NGOs and organizations, it also strives to promote financial literacy and inclusion within Cambodia.
In 2017, ANZ Royal Bank was named Cambodia’s Best Retail Bank by The Asian Banker and has won multiple other accolades over its history and is based in Phnom Penh with branches and ATMs nationwide.
7. Maybank (Cambodia) PLC
Maybank (Cambodia) PLC, part of Maybank Group in Southeast Asia, operates in Cambodia to offer banking and financial services to individuals, small and medium-sized enterprises (SMEs), and corporate clients in Cambodia.
Maybank (Cambodia) PLC offers various deposit and loan products, such as savings accounts, fixed deposits, personal loans and mortgages. Furthermore, Maybank Cambodia PLC provides small businesses with financing solutions such as working capital loans, trade finance solutions and equipment financing; additionally offers corporate banking services, including cash management, trade finance services and treasury solutions.
Maybank (Cambodia) PLC is dedicated to offering innovative banking solutions to its customers, using its experience and knowledge in the region to customize products and services specifically tailored to the Cambodian market. Furthermore, Maybank Cambodia strives to promote economic development within Cambodia through supporting initiatives relating to education, healthcare, and environmental sustainability.
Maybank (Cambodia) PLC has been recognized for its banking services, receiving awards like The Asian Banker’s Best Retail Bank in Cambodia in 2018 and headquartered in Phnom Penh with branches and ATMs across Cambodia.
6. Campu Bank
Campu Bank, or Cambodian Public Bank commonly known, was established as a joint venture in 1992 between Public Bank Berhad, a Malaysian bank, and Cambodian investors. Since its creation, it has provided banking services such as deposits, loans, remittances and trade finance to its clients in Cambodia.
Campu Bank enjoys a strong presence across Cambodia, with branches and ATMs strategically situated across significant cities and towns. It also has an easy mobile banking app allowing customers to manage their accounts, transfer funds between accounts and pay bills.
Campu Bank has earned numerous accolades for its financial performance and customer service excellence, most recently being honoured as “Best Bank in Cambodia” by Global Finance magazine for a third consecutive year. Committed to offering innovative banking solutions while supporting Cambodia’s economic development, Campu Bank remains a reliable banking partner that continuously exceeds customer expectations.
5. Foreign Trade Bank of Cambodia (FTB)
Foreign Trade Bank of Cambodia (FTB), founded in 1979 as Cambodia’s inaugural bank, offers state-owned commercial banking products and services, including trade finance and foreign exchange services as well as deposits, loans, remittances and credit cards. It was one of Cambodia’s pioneer institutions when established.
FTB boasts an extensive presence in Cambodia, with branches and ATMs nationwide in major cities and towns. Renowned for providing reliable banking services with excellent customer service standards, this bank has won several awards recognizing financial and customer care performance.
FTB supports Cambodia’s economic development by facilitating international trade and investment. FTB provides customers access to an extensive selection of financial products and services through partnerships with international central banks and financial institutions.
4. Union Commercial Bank (UCB)
Union Commercial Bank is one of Cambodia’s leading commercial banks, located in Phnom Penh and established as part of a merger between two financial institutions – Rural Development Bank and Union Development Bank – established to expand financial services for Cambodians more widely. It was formed through this merger process in 2012.
UCB provides various banking products and services, such as personal and business accounts, loans and digital solutions. Their network of branches and ATMs spans the nation, with plans to grow further to serve more customers.
UCB envisions becoming the leading financial institution in Cambodia by offering innovative and reliable services to customers while contributing to economic development in Cambodia. Furthermore, UCB strives to foster financial inclusion among Cambodians as a means of realizing their goals through responsible lending and investment practices.
3. Cambodia Commercial Bank (CCB)
Cambodia Commercial Bank was established in Phnom Penh in 1991 and is one of the oldest banks in Cambodia. They offer banking services, including deposits, loans, foreign exchange, and remittances to retail and corporate customers.
CCB operates 24 branches and offices throughout Cambodia, with its main branch in Phnom Penh. In addition, mobile banking allows customers to complete transactions quickly on the go.
CCB has earned multiple accolades and recognition for its service and financial performance, including winning “Best Commercial Bank in Cambodia” from International Business Magazine and being named to Forbes Asia’s list of “Top 100 ASEAN Best Under A Billion Companies”.
CCB has made significant strides toward fulfilling its social responsibility and community development commitment in Cambodia through various programs to support education, healthcare, and environmental initiatives nationwide.
2. Canadia Bank
Canadia Bank, established in Cambodia in 1991, is one of the country’s largest commercial banks, offering various financial services, including personal and business banking, corporate banking, investment banking and wealth management to its customers.
Canadia Bank has a strong presence in Cambodia, with over 70 branches and 200 ATMs throughout the country. Their customer base includes individuals, small and medium-sized enterprises (SMEs), and large corporations.
Canadia Bank has received several prestigious awards and recognition for its performance and services, such as “Best Bank in Cambodia” by Global Finance Magazine in 2020 and 2021 and “Best Retail Bank in Cambodia” by The Asian Banker in 2019 2020. Furthermore, Canada has been recognized for its dedication to corporate social responsibility initiatives such as education, health and environmental initiatives in Cambodia.
1. Acleda Bank
Acleda Bank is one of Cambodia’s premier commercial banks. Originally formed as a non-government organization to provide microfinance services to low-income families and small businesses in Cambodia, Acleda was granted its license as a commercial bank in 2000, quickly expanding to Laos and Myanmar as well.
Acleda Bank provides an array of banking products and services, such as savings/deposit accounts, loans, credit cards, money transfers/foreign currency exchange, money transfers/money orders/wire transfer services, and microfinance services for its customers living in rural and underserved communities. Acleda has long prioritized microfinance services over other banking products because they focus on serving underprivileged populations with microlending solutions.
Acleda Bank has received several accolades and awards for its contributions to the growth and development of banking in Cambodia, such as winning Best Digital Bank at the Global Business Outlook Awards 2019. Furthermore, Acleda is recognized for its dedication to social responsibility and sustainability through initiatives such as its Acleda Unity ToanChet program – offering financial education services and resources to underserved communities throughout Cambodia.
Acleda Bank operates over 300 branches and offices throughout Cambodia, Laos and Myanmar with over 10,000 employees; its headquarters are in Phnom Penh, Cambodia.
Frequently Asked Questions (FAQs):
1. Are Foreign Banks Operating in Cambodia?
Ans: Numerous international banks, such as ANZ Royal Bank, Maybank and Foreign Trade Bank of Cambodia, operate within Cambodia.
2. Which banks in Cambodia boast the most comprehensive networks of branches and ATMs?
Ans: Acleda Bank and Canadia Bank offer Cambodia’s most extensive networks of branches and ATMs.
3. Are Cambodian banks safe?
Ans: Cambodian banks are generally safe to use; the National Bank of Cambodia regulates and oversees them to ensure stability and safety.
4. What services are Cambodian banks providing?
Ans: Cambodian banks provide various banking products and services, including deposits, loans, foreign exchange trading services, trade finance agreements, payment services and investment products. Some banks even provide mobile and internet banking.
