Bank of Investment and Development of Cambodia

The Bank of Investment and Development of Cambodia (BIDC) is a subsidiary of the Bank for Investment and Development of Vietnam (BIDV), which is the largest commercial bank in Vietnam with nearly 65 years of business operations there. BIDV has significantly supported BIDC in terms of banking technology transfer, products and services, staff training, and operating capital. The bank's predecessor was the Prosperity Investment Bank, which was established in 2007. It was renamed the Bank for Investment and Development of Cambodia, or BIDC, after reorganization in 2009.

BIDC's objective is to provide financing for investment in Cambodia, particularly investments by Vietnamese firms, and BIDC assets account for a large portion of Vietnamese investments in Cambodia. With the robust expansion of the Cambodian economy and improved living conditions, BIDC is reorganizing its business activities and adopting strategies for expanding retail banking in Cambodia, concentrating on people, families, and SME clients in Cambodia.

According to the National Bank of Cambodia, The Bank of Investment and Development of Cambodia is Cambodia's fourth-largest bank in terms of total assets. According to the National Bank of Cambodia's annual Supervisory Report for 2011, BIDC managed $1.82 billion in total assets and accounted for 5.7% of Cambodia's banking sector.

Founded: 2009
Headquarters: Phnom Penh, Cambodia
Website: https://www.bidc.com.kh/