List of banks in Cambodia: A Comprehensive Banking Guide

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Macro shot of Cambodian Riel banknotes in a fanned arrangement displaying intricate designs and denominations.
Credit: pexels.com, Macro shot of Cambodian Riel banknotes in a fanned arrangement displaying intricate designs and denominations.

Cambodia has a rapidly growing economy, and banking plays a vital role in it. The country has seen a significant increase in the number of banks operating in the market.

In 2020, there were over 30 banks operating in Cambodia, offering a wide range of financial services to individuals and businesses. This growth has made it easier for people to access banking services and manage their finances.

The banking industry in Cambodia is regulated by the National Bank of Cambodia, which ensures that all banks operate in a safe and sound manner. This has helped to build trust among customers and attract more investors to the sector.

With so many banks to choose from, selecting the right one can be a daunting task.

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Locally Owned

Locally owned banks in Cambodia are a vital part of the country's banking system. They provide financial services to the local community and contribute to the country's economic growth.

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Acleda Bank PLC is a well-known locally owned bank in Cambodia. It has a strong presence in the country with a wide range of services.

Advanced Bank of Asia Limited (ABA Bank) is another locally owned bank in Cambodia. It offers a variety of financial services to its customers.

Here is a list of some of the notable locally owned banks in Cambodia:

  • Acleda Bank PLC
  • Advanced Bank of Asia Limited (ABA Bank)
  • Canadia Bank
  • J Trust Royal Bank Cambodia Ltd
  • Phillip Bank Plc
  • Sathapana Bank
  • First Investment Specialized Bank
  • Union Commercial Bank
  • Prince Bank
  • Angkor Capital Specialized Bank Limited
  • Foreign Trade Bank of Cambodia

These banks play a crucial role in supporting the local economy and providing financial services to the community.

Top 10 Banks

Cambodia has a diverse range of banks, both locally-owned and foreign-owned, joint venture banks. Locals and expatriates can easily open a bank account in Cambodia with a valid passport and one-year extended Cambodian visa.

The National Bank of Cambodia is the country's central bank, while other commercial banks provide a wide range of financial services to the public. This includes personal banking, corporate banking, trade finance, and project financing.

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Here's a list of some of the top banks in Cambodia:

  • ANZ Royal Bank
  • Bangkok Bank Public Company Limited, Cambodia Branch
  • Bank of China Ltd
  • Cambodian Public Bank
  • CIMB Bank PLC
  • Habib Bank Limited
  • ING Indochina Bank Ltd
  • Maybank
  • Mizuho Bank Ltd
  • United Overseas Bank Limited (UOB)

These foreign banks have introduced new technologies and practices in Cambodia, helping to modernize the banking industry in the country. They have played a significant role in the development of Cambodia's banking industry and have helped to boost the confidence of foreign investors and businesses in Cambodia.

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Foreign Banks

Foreign banks have a significant presence in Cambodia, with many operating branches across the country. One notable example is ANZ Royal Bank, which offers a range of services including personal banking and corporate banking.

The banking sector in Cambodia has grown significantly in recent years, driven by increasing economic activities and a growing demand for banking services. This growth has attracted foreign banks to the market, with many introducing new technologies and practices to modernize the industry.

Some of the foreign banks operating in Cambodia include Bangkok Bank Public Company Limited, Cambodia Branch, and Bank of China Ltd. These banks have a strong presence in Phnom Penh, but also have branches in other major cities like Siem Reap and Sihanoukville.

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Here's a list of some of the foreign banks operating in Cambodia:

  • ANZ Royal Bank
  • Bangkok Bank Public Company Limited, Cambodia Branch
  • Bank of China Ltd
  • Cambodian Public Bank
  • CIMB Bank PLC
  • Habib Bank Limited
  • ING Indochina Bank Ltd
  • Maybank
  • Mizuho Bank Ltd
  • United Overseas Bank Limited (UOB)

Foreign-owned banks, such as Cambodian Public Bank, have a significant presence in Cambodia, with some having joint ventures with foreign partners. For example, Cambodian Public Bank is a joint venture between the Malaysian government and a private company.

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National Banks

The National Bank of Cambodia plays a vital role in regulating the country's financial sector. It has a total of 38 branches throughout the country, with its headquarters in Phnom Penh.

The National Bank of Cambodia has a significant impact on Cambodia's economic development, providing essential services such as foreign exchange transactions, supervising, and regulating the banking industry. It also manages foreign reserves and the overall monetary policy of the country.

National banks in Cambodia are responsible for providing banking services to the general public, businesses, and government institutions. They offer a range of services including loans, checking and savings accounts, ATM services, and other services like insurance, foreign exchange, and remittances.

Expand your knowledge: National Bank of Cambodia

Mekong Public, Ltd

Vibrant boats and stilt houses in Kampong Khleang, capturing traditional Cambodian riverside living.
Credit: pexels.com, Vibrant boats and stilt houses in Kampong Khleang, capturing traditional Cambodian riverside living.

Mekong Public, Ltd is a notable player in Cambodia's banking scene, although specific details about the bank are scarce in the provided article sections.

BRED Bank, a subsidiary of BRED Banque Populaire, is the only European bank in Cambodia, having established a network in Phnom Penh, Siem Reap, and Battambang.

Mekong Public, Ltd's operations and financials are not explicitly mentioned in the article sections, unlike BRED Bank which has a clear goal of being Cambodia's best bank for business.

BRED Bank's parent company has committed $35 million to the Cambodian operation, aiming to double its market share, expand its branch network, and introduce new products and services by 2023.

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National in

National banks play a vital role in Cambodia's economic development, providing various banking services to the general public, businesses, and government institutions.

The National Bank of Cambodia has an extensive branch network across the country, with a total of 38 branches throughout Cambodia, including its headquarters in Phnom Penh.

Person Putting Coin in a Piggy Bank
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Cambodia has a number of national banks, including Acleda Bank PLC, Bank of India, Bank of China Ltd, Bank for Investment & Development of Cambodia PLC, and more.

Foreign-owned banks also operate in the country, such as Bangkok Bank Public Company Limited, Cambodia Branch and Cambodian Public Bank.

The National Bank of Cambodia has a vital role to play in Cambodia's economic development, and its branches provide many essential services to the people, including foreign exchange transactions, supervising, and regulating the banking industry.

National banks in Cambodia provide various banking services, including loans, checking and savings accounts, ATM services, and other services like insurance, foreign exchange, and remittances.

BRED Bank Cambodia is a subsidiary of BRED Banque Populaire, a member of the BPCE Group, and was established in Cambodia in 2017, making it the only European bank in the Kingdom.

Cambodia's economy has grown rapidly in recent years, and this has had a positive impact on the country's banking industry, with more than 40 banks operating in the country, including both foreign-owned and domestically-owned banks.

Industry Overview

Credit: youtube.com, Banking and Finance: Development of Banking Sector in Cambodia

Cambodia's banking industry is thriving, with over 40 banks operating in the country, including both foreign-owned and domestically-owned banks.

The National Bank of Cambodia has a total of 38 branches throughout the country, making banking services accessible to every Cambodian citizen.

National banks in Cambodia play a crucial role in bankrolling the country's economic growth, providing various banking services such as loans, checking and savings accounts, ATM services, and other services like insurance, foreign exchange, and remittances.

The banking sector in Cambodia has been expanding rapidly over the last few decades, offering a broad range of products and services to both individuals and businesses.

Major banks in Cambodia are locally as well as foreign-owned, and several foreign companies have joint ventures with Cambodian-owned banks.

The National Bank of Cambodia has a vital role to play in Cambodia's economic development, and its branches provide many essential services to the people, including foreign exchange transactions, supervising, and regulating the banking industry.

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Frequently Asked Questions

Which bank is best in Cambodia for foreigners?

For foreigners, ACLEDA Bank stands out as the safest banking option in Cambodia, having received the world's safest banks award in 2024 from Global Finance magazine. Consider banking with ACLEDA for secure and reliable financial services.

Ramiro Senger

Lead Writer

Ramiro Senger is a seasoned writer with a passion for delivering informative and engaging content to readers. With a keen interest in the world of finance, he has established himself as a trusted voice in the realm of mortgage loans and related topics. Ramiro's expertise spans a range of article categories, including mortgage loans and bad credit mortgage options.

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