Phnom Penh (FN), Nov. 1 – Renowned for its financial stability and deep-rooted presence in Cambodia’s financial market for over three decades, Canadia Bank has been recognized once again by Euromoney as Cambodia’s Best Bank for Corporates in 2024. This marks the second consecutive year the Bank has received this prestigious accolade, underscoring its role as a trusted financial partner for businesses.
Euromoney, a globally respected financial publication known for its comprehensive analytical reports and market intelligence on international banking and finance, annually presents its Awards for Excellence to recognize financial institutions that demonstrate exceptional performance, innovation, and leadership in the respective markets.
A Legacy of Growth and Excellence
With 33 years of market presence, Canadia Bank has grown to become one of the top three commercial banks in Cambodia, managing assets totalling over USD 7.9 billion by the end of 2023. The Bank’s net profit of USD 103 million highlights its continued financial strength and commitment to excellence. Over the years, Canadia Bank has built deep relationships with both multinational corporations and domestic companies, offering a wide range of products tailored to meet diverse business needs across industries like infrastructure, construction, manufacturing, commercial trading, service, and agriculture.
Innovative Solutions for Corporate Clients
Central to the Canadia Bank’s success is its customer-centric approach, which focuses on delivering flexible, customized solutions to meet the evolving demands of businesses. The Bank’s product offerings include bespoke financing schemes such as the Supply Chain Package (SCP), aimed at supporting large multinational corporations (MNCs), local companies, and their partners and distributors. Through partnerships with institutions like the Export-Import (EXIM) Bank of Thailand and the Credit Guarantee Corporation of Cambodia (CGCC), the Bank provides accessible and affordable financing to its corporate clients. Among the recent programs is the Rice Export Guarantee Scheme (REGS), developed in collaboration with the Cambodia Rice Federation and CGCC, that offers financing support on favourable terms, enabling rice millers and exporters to expand their businesses. Moreover, in alignment with the Cambodia Sustainable Finance Initiative, Canadia Bank has also made strides in Green Financing, supporting projects related to renewable energy, eco-tourism, and waste management.
Through the enhanced flexibility of the Bank’s transactional banking services, corporate customers are able to access a comprehensive one-stop solution for their business operations. The Bank is always looking for new ways to help clients in their business expansion and capital access, such as providing advisory services to support local corporate clients in accessing capital markets via initial public offerings (IPO).
Canadia Bank continues to enhance its services by rolling out digital innovations. The Bank’s revamped corporate internet banking platform offers faster, more secure, and user-friendly services, allowing businesses to perform various banking transactions online. Additionally, the introduction of the Merchant App has empowered corporate clients to accept cashless payments and efficiently manage their financial operations.
Commitment to Cambodia’s Development
Canadia Bank has played a significant role in the development of Cambodia’s infrastructure. Notably, the bank’s collaboration with China Road and Bridge Corporation facilitated seamless digital payment solutions for the Phnom Penh-Sihanoukville Expressway, the country’s first expressway, opened in 2022.
Recognizing Excellence
Canadia Bank’s CEO and Executive Board Director, Raymond Sia, expressed, “We are honored to once again be recognized by Euromoney, a leading global financial publication, as the Best Bank for Corporates. This award reflects our team’s relentless dedication to building strong relationships and providing innovative products and services to Cambodia’s corporate sector. At the same time, we are also proud to be constantly recognized by other reputable publications over the past 10 months for the works of our three key business segments, namely, Corporate, SME, and Consumer Banking. By enhancing our products and services, strengthening our digital solutions, signing landmark deals that contribute to national development, and investing in our team’s capabilities, we are confident in our ability to continuously manage our clients’ evolving and dynamic portfolios.”
Pakaravee Anantathananid, Canadia Bank’s EVP and Chief Business Officer, shared, “Our corporate business portfolio is one of the strongest and largest in Cambodia, built on the trust our corporate customers place in our services. We offer a wide range of flexible, customized corporate banking solutions—from lending and trade finance to transactional banking and cash management—all designed to meet the diverse needs of businesses. We remain committed to supporting the growth of our corporate customers across Cambodia by focusing on strong customer relationships, leveraging our skilled and dedicated team, and continuously enhancing our products and services through innovative and flexible financing solutions, digital transformation, and strategic partnerships.”
=FRESH NEWS
