Cambodia

The Covid-19 pandemic, which led to weak export markets and hit living standards, did not stop Canadia Bank from maintaining the strongest balance sheet in the nation for a third consecutive year.

Campu Bank, as Cambodia Public Bank is known, could make a plausible run at any number of Asiamoney awards this year, including for its assertive, innovative and generous support for SMEs.

ABA Bank’s 25th anniversary year did not go according to plan, as Covid-19 ravaged the global economy and starved Cambodia of the tourism and trade flows that are the nation’s lifeblood.

Acleda Securities

Cambodia’s stock exchange is working hard to increase its appeal to small and medium-sized enterprises. Could 2021 be the year when those efforts pay off?

Prince Bank has achieved a remarkable transition from a microfinance institution into a fully fledged bank in just two years.

Cambodian banks are paying more attention to their corporate social responsibilities as the Covid-19 crisis has forced businesses to rethink their role in society. During the awards period, some banks launched programmes to empower women in the workplace while others worked hard to improve financial literacy among younger citizens.

Prince Bank certainly does not lack ambition. The former microfinance institution only obtained its commercial banking licence in July 2018; since then, Prince Bank has been determined to climb the ranks quickly and take on other more established banks in the country. It has managed to do so in just two years, and now has about 1,000 employees.