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Canadia Bank (Khmer: ធនាគារ កាណាឌីយ៉ា [tʰeaʔniəkiə kanaːɗijaː]) is one of the largest local banks in Cambodia. The bank was established in 1991 and became privatized in 1998. As one of the leading commercial banks in Cambodia, Canadia Bank has 64 branches across in 25 provinces and municipality in Cambodia. As of 2022, Canadia Bank has total assets of US$7.6 billion and Revenue of US$456 million, with net profit of US$129 million.[1]
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Native name | ធនាគារ កាណាឌីយ៉ា |
|---|---|
| Company type | Private |
| Industry | Banking and finance |
| Founded | 1991 |
| Founder | Neak Oknha Dr. Pung Kheav Se (Chairman of Board of Directors) |
| Headquarters | Phnom Penh, Cambodia |
Number of locations | 72 branches (69 in Cambodia, 3 in Laos PDR) |
Area served | Cambodia and Laos PDR |
Key people | Raymond Sia Say Guan, Chief Executive Officer |
| Products | Financial services |
| Revenue | US$456 million (2022) |
| US$129 million (2022) | |
| Total assets | US$7.634 billion (2022) |
Number of employees | 4000+ |
| Website | www |
History
editCanadia Bank was established on 11 November 1991, as the Canadia Gold & Trust Corporation Limited, under a joint-venture with overseas Cambodians and the National Bank of Cambodia, and as a sole office financial institution managed by the former staff of the National Bank of Cambodia and Canadian Cambodian shareholders. One of the founders is Oknha Dr. Pung Kheav Se (方侨生), a well known Chinese Cambodia businessman of Teochew descent who is currently chairing the bank. The main activities were based on gold transaction, gold plaque manufacture and credit to local merchants.
On 19 April 1993, the name of the institution was changed to "Canadia Bank Ltd.", and subsequently to "Canadia Bank plc." on 16 December 2003, as a commercial bank registered under the Ministry of Commerce and the National Bank of Cambodia. Since privatization in 1998, the bank has become one of the largest local banks. It offers various financial services through its 61 branches within Cambodia and 23 international correspondent banks,[2] and currently holds and plans to extend noteworthy agricultural interests.[3] Canadia Bank has opened in 2014 a Representative Office in Shanghai for the Chinese Market.
Canadia Bank is a part of Canadia Investment Holding[4] along with several well-known companies in the Kingdom of Cambodia, including Overseas Cambodian Investment Corporation (OCIC) which are the main developer and investor of the New Phnom Penh International Airport, Chroy Changvar Satellite City, Koh Pich Island, Koh Norea Island, and other projects within Cambodia.
Timeline
edit- 11 November 1991 - Canadia Bank is established under the name "Canadia Gold and Trust Corporation Limited"
- 19 April 1993 - The name of the then corporation is changed to "Canadia Bank LTD"
- 16 December 2003 - The name is changed from "Canadia Bank LTD" to "Canadia Bank PLC"
- 2009 - Canadia Tower opened its doors for business"
- 2013 - Mobile Banking & Internet Banking launched"
- 2020 - New modern website launched https://www.canadiabank.com.kh/about"
- 11 November 2021 - Canadia Bank celebrates 30th year in Cambodia's market
- 5 February 2023 - Canadia Bank announces official launch of All-New Canadia Bank App for Mobiles
Competition
editCanadia Bank's main competitors are ACLEDA Bank, JTrust Royal Bank, Sathapana Bank, Campu Bank, ABA Bank, Phillip Bank, Wing Bank Cambodia Asia Bank, Maybank Cambodia, Woori Bank, and Vattanac Bank.[5]
See also
edit
Notes
edit- ^ "About Canadia Bank - Cambodia". canadiabank.com.kh. Retrieved 3 August 2023.
- ^ Mean, Lux; Cambodia Blog. Background of Canadia Bank[permanent dead link]. Retrieved on 2007-02-10
- ^ Canadia Bank ups agriculture loans, June 2, 2011, http://agrocambodia.wordpress.com/2011/06/02/canadia-ups-agriculture-loans/ Retrieved on 2011-06-29
- ^ "CIH | Canadia Investment Holding | Phnom Penh". CIH. Retrieved 21 November 2022.
- ^ Cambodia Yellow Pages. Banking & Finance - Cambodia. Retrieved on 2007-02-10
- Canadia Bank Plc. "OCIC Annual Report 2005" (PDF). Archived from the original (PDF) on 27 September 2007. Retrieved 10 February 2007.
- Sorya Shopping Center. "Partners". Archived from the original on 14 July 2007. Retrieved 10 February 2007.
- Se, Pung Kheav. "Canadia Bank Plc.: Overseas Cambodian Investment Corp. (OCIC) Founder's Speech". Archived from the original on 27 September 2007. Retrieved 10 February 2007.
- Xinhuanet, Cambodia Online. "Cambodia's Canadia Bank signs finance agreements with IFC, USAID". Archived from the original on 27 September 2007. Retrieved 10 February 2007.
- "Canadia Bank opened office in Shanghai..." (Press release). Cambodia Commercial Bank (CCB). 11 January 2006. Archived from the original on 30 October 2006. Retrieved 10 February 2007.
- "International Finance Corp granted Canadia Bank US$5 million in loans..." (Press release). Cambodia Commercial Bank (CCB). 10 November 2004. Archived from the original on 30 October 2006. Retrieved 10 February 2007.
- "Canadia Bank will construct a USD15 million..." (Press release). Cambodia Commercial Bank (CCB). 3 August 2004. Archived from the original on 30 October 2006. Retrieved 10 February 2007.
External links
edit- Overseas Cambodian Investment Corporation (OCIC) Archived 21 December 2008 at the Wayback Machine
- Canadia Bank PLC - English version
- Canadia Bank PLC - Khmer version