Cambodia has a thriving banking industry with over 200 banks and financial institutions operating in the country. The Cambodian economy is predicted to grow at 5% per annum between 2017-2020, which will result in an increased demand for bank services. This article lists the top banks based on assets, deposits, loans and number of branches.
Acleda Bank
The Acleda Bank is the largest in Cambodia. The bank has about 6.06 billion dollars in its assets. This data is recorded according to the 2011 report by the national bank of Cambodia. In the annual report prepared by the state bank, Acleda emerged as the best bank with the best operation registering the highest number of customers in the country. Acleda bank has more than 234 branches which are spread all over the parts of the country. In the banking sector of the Cambodian market, Acleda bank accounts for about 8.95% of the total share. In addition, the figures presented in the 2011 annual report show that the bank’s assets improved by about 27.8% from the previous year. This shows that the bank is continuing to dominate with impressive progress.
Website: https://www.acledabank.com.kh/
Advanced Bank of Asia LTD
The Advanced Bank of Asia ltd is the tenth largest bank in the Kingdom of Cambodia as per the national bank’s annual report prepared in 2011. The bank has total assets worth 818 million dollars and accounts for about 2.5% of the total share in the banking sector. The bank is 100% foreign-owned.
Website: https://www.ababank.com/
Bank of China Phnom Penh
The Bank of China is a newly introduced bank that has shown a positive reputation to become the ninth-largest bank in Cambodia. The bank was launched in May 2011 when it opened its branch for the first time in the Phnom Penh area of Cambodia. It only has one branch in the country, which is 100% owned by a foreign country, specifically the People’s Republic of China. The bank has total assets worth about 834 million dollars.
Website: https://www.bankofchina.com.kh/
Bank of Investment and Development of Cambodia
The Bank of Investment and Development of Cambodia is one of the top-ranked banks in Cambodia, emerging fifth as per 2011 statistics. According to the national bank of Cambodia, the bank of Investment and Development of Cambia has total assets worth 1.82 billion dollars as of 2011. This makes the bank account for about 5.7% of the total market share in Cambodia’s banking sector. The bank also has numerous sub-branches spread across the country and is the preferred bank for most investors due to its excellent services.
Website: https://www.bidc.com.kh/
BREAD Bank
BREAD Bank Cambodia Ltd. was established in 2017 and is the first European-owned bank operating in Cambodia. BREAD is a subsidiary of BRED Banque Populaire, which operates throughout Europe and has expanded globally.
Website: https://www.bredcambodia.com/
Canadia Bank Plc.
The Canadia bank is the second largest bank in Cambodia, as per the 2011 annual report statistics. The bank fits in the second position as the most advanced bank going by the assets owned by the bank. According to the national bank of Cambodia, Canadia bank has assets with a net worth of 5.28 billion dollars in total. This makes the bank dominate the market in the banking sector of Cambodia. It accounts for about 16.5% of the total market share in the country. The bank also has sub-branches spread all over the country, just like the Acleda bank.
Website: https://www.canadiabank.com.kh/
Cathay United Bank
Cathay United Bank (Cambodia) Corporation Limited (CUBC), formerly known as Singapore Banking Corporation Limited “SBC Bank,” is a wholly-owned subsidiary of Cathay United Bank (CUB). CUB is the commercial banking arm of Cathay Financial Holdings, which is the largest financial holding group in Taiwan.
Cathay United Bank (Cambodia) has 16 domestic branches/offices and more than 70 ATMs across key cities/provinces in Cambodia.
website: https://www.cathaybk.com.kh/
Chip Mong Bank
Chip Mong Commercial Bank Plc., founded in 2019, offers a wide range of tailored commercial banking services with a focus on helping customers build their businesses. The bank understands that different industries and market sectors have unique requirements for financing and financial management.
Website: https://www.chipmongbank.com/
CIMB
CIMB Bank PLC began its operation in Cambodia in November 2010, opening a commercial banking branch in the heart of Phnom Penh. Today the bank has expanded to 14 branches and 17 ATM machines in five major cities throughout Cambodia: Phnom Penh, Siem Reap, Sihanouk, Battambang and Kompong Cham. It serves more than 4,000 corporate and individual customers.
Website: https://www.cimbbank.com.kh/
Hong Leong Bank
Hong Leong Bank (Cambodia) Plc (“HLBCAM”) is a wholly owned subsidiary of Hong Leong Bank Berhad (“HLB”), which is headquartered in Kuala Lumpur, Malaysia. HLB is listed on the Bursa Malaysia, having been granted an operating license by the National Bank of Cambodia (“NBC”) on 28 June 2013. HLB began its operations in Phnom Penh on 23 August 2013 and serves business and consumer customers in Cambodia.
Website: https://www.hlb.com.kh/
J Trust Royal Bank (Formerly ANZ Royal Bank )
The ANZ Royal Bank is also one of Cambodia’s top largest banks, ranked in the fourth position per the statistics taken in 2011. Just like the Cambodian Public bank, ANZ Royal Bank is a foreign-owned bank with a positive reputation in the country. However, in the case of ANZ Royal bank, only 55% of the bank shares are foreign-owned. The other 45% of the bank’s shares are owned locally by the Royal Group of Cambodia. The Royal Group of Cambodia, which the famous general Kith Meng leads, has made the bank more popular, attracting many customers in the country. The bank is known to be a subsidiary of New Zealand and Australia, which are the foreign owners of the bank. ANZ Royal bank accounts for about 8.9% of the total share in the Cambodian banking sector, with a total asset worth about 2.84 dollars.
Website: https://jtrustroyal.com/
KB Daehan Specialized Bank
KB Daehan Specialized Bank Plc., a joint venture between KB Kookmin Card, a subsidiary of South Korea’s KB Financial Group, and Indochina Bank, received a license from the National Bank of Cambodia to operate a specialized banking institution in March 2018.
Website: https://kdsb.com.kh/
Maybank Plc
Maybank Plc is the seventh largest bank in Cambodia, as per the 2011 report. According to the national bank of Cambodia, the bank has total assets worth 1.29 billion dollars. Maybank Plc accounts for about 4% of the total market share in the banking sector of Cambodia. The nation of Cambodia owes the bank 100%. Maybank Plc has about 11 branches as per the 2011 report. The branches are majorly found in the provinces of Phnom Penh, which hold seven branches. The remaining four branches are found in the provincial areas.
Website: https://www.maybank2u.com.kh/
Phillip Bank
Phillip Bank Plc was established in Cambodia in 2009. In 2014 it was acquired by Phillip Capital Group and renamed Phillip Bank. The bank offers a wide range of financial services, including corporate banking and retail products. It is a member of the Phillip Capital Group, which has headquarters in Singapore and operates in 15 countries.
Website: https://www.phillipbank.com.kh/
Sacom Bank
Sacombank (Cambodia) Plc. is a wholly-owned subsidiary of Sacombank, one of the leading commercial banks in the region with more than 14,000 employees and more than 560 business locations. The bank offers a broad range of banking products and services to private individuals as well as small and medium sized enterprises in the region.
Website: https://www.sacombank.com.kh/
Sathapana Bank
SATHAPANA Bank Plc. was established in 2016 with a paid-up capital of $120 million and 160 branches, 73 ATMs, and 3,458 staff members. Its ultimate parent company is MARUHAN Corporation, founded by Dr. Han Chang-Woo in 1957. The entertainment conglomerate is today the leading entertainment conglomerate in Japan.
Website: https://www.sathapana.com.kh/
Shinhan Bank
Shinhan Bank (Cambodia) Plc., a subsidiary of Shinhan Bank, Korea, was established in October 2007. The bank provides a diversified portfolio of tailored corporate and consumer banking products and solutions.
Website: https://www.shinhan.com.kh/
The Cambodian Public Bank
The Cambodian public bank is the third largest bank in Cambodia. According to the annual report prepared by the national bank of Cambodia, the Cambodian bank has a net worth of 4.04 billion dollars. However, the bank is not owned locally by the people of Cambodia. As it stands, it is known as the largest foreign-owned bank in the country. The bank was established by investors from Malaysia and has had a positive reputation since its beginning. As per 2011 statistics, the bank accounted for about 12.8% of Cambodia’s total share of the banking sector. The bank, which also has its sub-branches spread all over the country, has shown positive progress and is believed to become the top-best bank in the country in the future.
Website: https://www.cpbebank.com/
The Foreign Trade Bank of Cambodia
The Foreign Trade Bank of Cambodia is the sixth-ranked bank in Cambodia, owned 100% by the Cambodian national. The bank has a total asset worth 1.65 billion dollars per the 2011 report prepared by the national bank of Cambodia. The bank also accounts for about 5.2% of the market share in the banking sector of Cambodia.
Website: https://ftbbank.com/
Union Commercial Bank Plc
Union Commercial Bank Plc is the eighth largest bank in Cambodia, with its assets accumulating to about 1.03 billion as per the 2011 report. In the national bank of the Kingdom of Cambodia annual report 2011, the Union Commercial Bank Plc accounts for 3.2% of the total market share in the country’s banking sector. It is a rapidly growing bank, with its assets estimated to grow by 255 from the report prepared for the previous year. The bank offers 5.5% off a one-year CD, which makes it more attractive compared to the high rates offered in the United States.
Website: http://www.ucb.com.kh/
Vattanac Bank
Vattanac Bank is a Cambodian-owned bank that offers retail and commercial banking services. The bank’s head office is located at Vattanac Capital, a landmark building in Phnom Penh. It commenced operations on November 8, 2002, with 13 branches in the city and 18 in the provinces. As of April 9, 2022, it has 31 branches total: 13 in Phnom Penh and 18 in the provinces.
Website: https://www.vattanacbank.com/
The banking industry in Cambodia has seen a lot of development over the last few years, but it’s still not at a level where everyone can access these services. People are starting to become more comfortable with banks and they are finding ways to make banking easier for customers, but there is still much room for improvement in this sector.
