Acleda Bank reports $28M net profit in Q1

Aceleda Bank, Cambodia’s largest bank by assets, reported a net profit of $28.39 million in first quarter this year, down slightly from $30.19 million in the same period in 2016, according to the bank’s latest financial report. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/acleda-bank-reports-28m-net-profit-q1

Acleda’s new ATM cards

Acleda Bank spent about $1 million to produce 800,000 new ATM cards with EMV chips to enable them to be used globally and also to mitigate the risk of fraud, said the bank’s president and group managing director on Friday. ...

Sok Chan
http://www.khmertimeskh.com/news/38780/acleda---s-new-atm-cards/

Correspondent banking in retreat, but growing in Asia

While financial inclusion is a top priority for emerging economies, new research suggests more stringent enforcement of anti-money regulations in recent years has resulted in major Western banks disconnecting from these regions, leaving local businesses without access to the international financial system. ...

Cam McGrath
http://www.phnompenhpost.com/business/correspondent-banking-retreat-growing-asia

Sathapana Bank secures $50M to scale up

Sathapana Bank Plc has received a hefty $50 million bilateral loan from the Bangkok branch of Mizuho Bank, a subsidiary of one of Japan’s largest financial institutions, in a move that banking insiders say will help the newly consolidated bank expand its lending portfolio as ...

Kali Kotoski and Hor Kimsay
http://www.phnompenhpost.com/business/sathapana-bank-secures-50m-scale

Maybank sees mobile banking as key to promoting the riel

There is a simple reason why Maybank has been named the most innovative bank in Malaysia, explains the CEO of its Cambodian subsidiary. “We have observed that innovation has no borders,” says Ms. Cynthia Liaw in her office at the bank’s headquarters on Norodom Blvd.​ ...

Khmer Times
http://www.khmertimeskh.com/news/36596/maybank-sees-mobile-banking--as-key-to-promoting-the-riel/

Sathapana Bank proceeds with logo change

Sathapana Bank has pre-emptively removed its signature golden lion logo from all 162 branches nationwide as the private bank aims to deflect government criticism and avoid confusion as being identified as a state-owned institution, a bank executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/sathapana-bank-proceeds-logo-change

Bank ordered to replace its logo

ACLEDA Bank, Cambodia’s largest bank in terms of assets, will have to shell out millions in the next three weeks to comply with a Council of Ministers decision last Friday that the private financial institution must redesign and replace its logo on all company materials ...

Hor Kimsay
http://www.phnompenhpost.com/business/bank-ordered-replace-its-logo

KBank unveils capital branch

Kasikornbank (KBank), one of the largest banks in Thailand, officially unveiled its first branch in Phnom Penh with the aim of offering financial services to local businesses as well as corporate and retail customers. ...

Sok Chan
http://www.khmertimeskh.com/news/35257/kbank-unveils-capital-branch/

ABA Bank gets brand revamp

Advanced Bank of Asia Limited (ABA Bank of Cambodia) officially unveiled a new logo yesterday, as it builds on its majority ownership by the National Bank of Canada.The National Bank of Canada integrated the ABA Bank as part of its group after becoming the major ...

Sok Chan
http://www.khmertimeskh.com/news/34741/aba-bank-gets-brand-revamp/

China, Cambodia​ to share credit reports

The central banks of Cambodia and China are in talks to share customers’ credit reports in an effort to boost bilateral private investment, as a response to rising trade between the two countries. The National Bank of Cambodia (NBC) director general Chea Serey told Khmer Times ...

May Kunmakara
http://www.khmertimeskh.com/news/32409/china--cambodia----to-share-credit-reports/

Canadian bank soars after ABA investment

National Bank of Canada attributed its 5.5 per cent jump in fiscal third-quarter profit to its acquisition of Cambodia’s Advanced Bank of Asia Ltd. (ABA Bank) earlier this year. ...

Post Staff
http://www.phnompenhpost.com/business/canadian-bank-soars-after-aba-investment

Novel ATM service for the ‘unbanked’

With mobile money transfer services such as Wing and True Money continuing to spread their agent-based networks into rural parts of the country, local banks are increasingly leveraging their branch locations and ATM presence to provide a similar service through “Cash by Code”. ...

Kali Kotoski
http://www.phnompenhpost.com/business/novel-atm-service-unbanked

First-ever FDI survey identifies $20B in capital inflow

Foreign direct investment (FDI) to Cambodia over a 20-year period – from 1994 to 2014 – is estimated to have reached $19.2 billion and was heavily weighed by inflows of capital from China, according to the first-ever comprehensive survey on FDI, released yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/first-ever-fdi-survey-identifies-20b-capital-inflow

FAST payments to move riel quickly

Three months since the central bank soft-launched its FAST payment system it is taking the system public, making electronic riel-denominated transfers available to the customers of more than a dozen financial institutions. ...

Hor Kimsay
http://www.phnompenhpost.com/business/fast-payments-move-riel-quickly

Central bank allays dollar concerns

The National Bank of Cambodia responded to rumours yesterday that local banks were no longer accepting US dollar banknotes with minor imperfections, such as small tears, creases or ink stamps, stating that the central bank had not changed its policies. ...

Hor Kimsay
http://www.phnompenhpost.com/business/central-bank-allays-dollar-concerns

KB Financial Group unveils Global Digital Banking service in Cambodia

The KB Global Digital Bank is a rechargeable wallet-based mobile banking service which combines both financial services, such as account, wire transfer, overseas remittance and P2P payment, and non-financial services like messaging. ...

Jung Suk-yee
http://www.businesskorea.co.kr/english/news/money/14961-fintech-roadshow-kb-financial-group-unveils-global-digital-banking-service-cambodia

Phillip Bank launches collateral-free credit

Singapore-based Phillip Bank announced yesterday that Cambodian borrowers that can prove a consistent monthly income will be able to access lines of credit without putting down collateral. ...

Hor Kimsay
http://www.phnompenhpost.com/business/phillip-bank-launches-collateral-free-credit

Acleda gets $70M to support women

Acleda Bank signed an agreement in Bangkok yesterday with International Finance Corporation and the Goldman Sachs 10,000 Women initiative for a $70 million long-term loan project to support Cambodia’s small- and medium-size enterprises (SME) owned by women. ...

Hor Kimsay
http://www.phnompenhpost.com/business/acleda-gets-70m-support-women

Contact us

Contact us

Do you have questions on the content published by Open Development Cambodia (ODC)? We will gladly help you.

Have you found a technical problem or issue on the Open Development Cambodia (ODC) website?

Tell us how we're doing.

Do you have resources that could help expand the Open Development Cambodia (ODC) website? We will review any map data, laws, articles, and documents that we do not yet have and see if we can implement them into our site. Please make sure the resources are in the public domain or fall under a Creative Commons license.

File was deleted
ERROR!

Disclaimer: Open Development Cambodia (ODC) will thoroughly review all submitted resources for integrity and relevancy before the resources are hosted. All hosted resources will be in the public domain, or licensed under Creative Commons. We thank you for your support.

X6Mcb
* The idea box couldn't be blank! Something's gone wrong, Please Resubmit the form! Please add the code correctly​ first.

Thank you for taking the time to get in contact!