Top 3 Largest Financial Service Companies in Cambodia
In this post, let's examine some of the largest financial service companies in Cambodia, ranked by market capitalization. Go directly to other related articles ... read more...on Toplist if you want to see more of the largest financial service companies in other regions.
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In accordance with the Banking and Financial Institutions Law of the Kingdom of Cambodia, ACLEDA Bank Plc. was established as a public limited company. Located in Phnom Penh and operating 261 offices throughout the country's provinces, in addition to 42 in Laos and 7 in Myanmar, When ACLEDA first launched, it gave war victims microcredits in 1993. It is currently the biggest commercial bank in Cambodia.
As of December 31, 2017, ACLEDA had over $5,244 million in total assets, over $3,117 million in deposits, and over $3,085 million in outstanding loans. ACLEDA Bank is the largest domestic commercial bank in terms of total assets and clientele, according to the National Bank of Cambodia, with more than 1.7 million depositors as of December 31, 2017.
One of the founding 28 members of the company, In Channy, serves as president and GMD of the bank. Channy started working for the company in 1992 as a loan officer while it was still a microfinance initiative supported by the UN. He currently holds the positions of CEO of the business and vice chairman of the International Business Chamber of Cambodia.ACLEDA Bank's market capitalization was $1.18 billion as of April 2023. By market cap, this places ACLEDA Bank as the 4412th most valuable firm in the entire world. The most recent financial reports from ACLEDA Bank indicate that the company's current revenue (TTM) is $0.63 billion. The company generated $0.63 billion in revenue in 2021, up from $0.58 billion in revenue in 2020.
Founded: January 1993
Headquarter: Phnom Penh, Cambodia
Website: www.acledabank.com -
One of the biggest regional banks in Cambodia is Canadia Bank. Canadia Bank is one of the top commercial banks in Cambodia, with 64 locations spread over 25 provinces and municipalities. Canadia Bank had $7.6 billion in total assets as of 2021 and a 125 million-dollar net profit.
As part of a joint venture with Canadian Cambodian shareholders and the National Bank of Cambodia, Canadia Bank was founded on November 11, 1991, originally as the Canadia Gold & Trust Corporation Limited. It operates as a sole financial institution and is run by former National Bank of Cambodia employees.
Oknha Dr. Pung Kheav Se, a well-known Teochew Chinese businessman from Cambodia who is currently the bank's chairman, was one of the founders. The primary activity focused on buying and selling gold, making gold plaques, and lending money to nearby businesses.
Founded: 1991
Headquarters: Phnom Penh, Cambodia
Website: www.canadiabank.com.kh -
A commercial bank in Cambodia is called Oriental Bank, sometimes known as Oriental Bank Plc or Oriental Bank Cambodia. Datuk Phan Ying Tong, the bank's founder, managing director, and CEO, together with other partners, founded the institution in 2021.
On December 9th, 2020, Oriental Bank gained preliminary permission from the National Bank of Cambodia. The National Bank of Cambodia issued the license for banking operations in January 2022, and H.E. Dr. Chea Chanto, the governor of the National Bank of Cambodia, officially handed it over to the company on February 28 of that same year.
Founded: 2021
Headquarters: Phnom Penh, Cambodia
Website: www.orientalbank.com.kh