Top 10 Banks in Cambodia in 2023

In the rapidly developing Cambodian financial landscape, it is crucial to keep track of the banking institutions leading the way regarding assets and market share. 

As of 2023, the top 10 banks in Cambodia have showcased their strength and resilience amidst economic changes. 

Let’s delve into the rankings and performances of these financial powerhouses:

ABA Bank: 

Topping the list is ABA Bank, boasting an impressive total asset value of 5.2 billion USD, securing the highest market share of 17.2%.

Their significant market presence reflects customers’ trust and confidence in their services.

Established in 1991, ABA Bank has played a pivotal role in shaping Cambodia’s banking sector, solidifying its reputation as a leading financial institution. 

With its head office nestled in Phnom Penh, Cambodia’s capital city, the bank has rapidly expanded its footprint and offerings to cater to the diverse needs of its customers.

One of the key indicators of ABA Bank’s prowess is its impressive total assets, amounting to USD 5.2 billion as of 2023. 

This substantial asset base has fortified the bank’s position, enabling it to capture a remarkable market share of 17.2%, a testament to the trust and confidence placed in the bank by its clientele.

ABA Bank has strategically established 175 branches nationwide, making its services accessible to many customers. 

Additionally, the bank has set up 300 ATMs, providing convenient and efficient access to cash withdrawal and other banking transactions.

Embracing the digital era, ABA Bank has made notable advancements in its online and mobile banking services, making banking more convenient and flexible for its tech-savvy customers. 

Alongside modern digital banking facilities, ABA Bank also offers credit cards, investment banking, treasury services, and a suite of personal, corporate, and SME banking solutions, catering to the diverse financial needs of individuals and businesses alike.

The bank’s commitment to staying ahead in the industry is evident through its continuous innovation and dedication to providing top-notch financial products and services. 

By offering comprehensive services to its customers, ABA Bank has carved a niche in the market, fostering long-lasting relationships with its clients.

While ABA Bank does not currently offer Islamic banking services, it continues to explore opportunities to expand its offerings, staying attuned to the evolving needs of the Cambodian population.

ABA Bank is a formidable force in Cambodia’s banking landscape, blending tradition with innovation to empower the nation’s economic growth. 

With its focus on customer-centric solutions, extensive branch network, and digital prowess, ABA Bank remains a reliable and forward-thinking choice for individuals and businesses seeking top-tier banking services in Cambodia.

Acleda Bank:

A close contender for the top spot, Acleda Bank stands at the second position with a total asset value of 4.9 billion USD, holding a market share of 16.4%. 

The bank’s consistent performance and a broad range of offerings have ensured a loyal customer base.

Since its inception in 1993, Acleda Bank has emerged as a trailblazer in Cambodia’s banking landscape, delivering exceptional financial services and establishing itself as a prominent and reliable institution. 

With its headquarters based in the vibrant city of Phnom Penh, Acleda Bank has grown to become one of the leading financial pillars of the nation.

One of the defining features of Acleda Bank is its robust total assets, soaring to an impressive USD 4.9 billion in 2023. 

This substantial asset base is a strong foundation, allowing the bank to secure a remarkable market share of 16.4%, reflecting the trust and preference bestowed upon the bank by its ever-growing customer base.

Strategically expanding its reach, Acleda Bank has established a vast network of 264 branches throughout Cambodia. 

Furthermore, the bank has deployed 400 ATMs, ensuring convenient access to banking services for its valued customers, even in the country’s most remote regions.

Remaining at the forefront of technological advancements, Acleda Bank offers state-of-the-art online and mobile banking facilities, catering to the evolving needs of its tech-savvy clientele. 

In addition to these digital services, the bank extends credit card facilities, investment banking solutions, and treasury services, serving as a one-stop destination for a comprehensive range of financial requirements.

Acleda Bank’s unwavering commitment to meeting diverse customer needs is evident through its personalized approach to banking. 

The bank provides a full suite of services, encompassing personal, corporate, and SME banking, bolstering economic growth and development across all sectors of society.

Notably, Acleda Bank has taken a progressive step by introducing Islamic banking services, demonstrating its dedication to inclusivity and serving the needs of Cambodia’s diverse population.

Endowed with a forward-thinking vision and a customer-centric ethos, Acleda Bank has solidified its position as a financial powerhouse in Cambodia. 

The bank’s prudent practices, adherence to international standards, and innovative solutions have earned it the trust of its customers, making it a preferred banking partner for individuals and enterprises alike.

Canadia Bank: 

Securing the third spot is Canadia Bank, with total assets of 4.5 billion USD and a market share of 15.3%. 

The bank’s long-standing reputation and innovative strategies have propelled its growth and popularity.

Established in 1991 and headquartered in Phnom Penh, Canadia Bank has emerged as a prominent player in Cambodia’s banking sector, epitomizing innovation, growth, and dedication to its customers. 

With a strong foundation, the bank has continuously expanded its offerings, solidifying its reputation as a leading financial institution.

A standout feature of Canadia Bank is its substantial total assets, reaching an impressive USD 4.5 billion in 2023. 

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This significant asset base has enabled the bank to capture a commendable % market share of 15.3%, showcasing the trust and confidence vested in the institution by its ever-growing clientele.

Strategically spreading its presence, Canadia Bank operates through a network of 66 branches across Cambodia, ensuring accessibility and convenience for its customers. Furthermore, the bank offers 160 ATMs, enhancing its reach and providing seamless banking services to customers nationwide.

Embracing the digital era, Canadia Bank provides cutting-edge online and mobile banking facilities, catering to the evolving needs of its tech-savvy customers. 

Additionally, the bank extends credit card services, investment banking solutions, and treasury services, reaffirming its commitment to delivering comprehensive financial services under one roof.

Canadia Bank’s customer-centric approach is evident through its wide array of banking options, covering personal, corporate, and SME banking services. 

By catering to diverse needs and requirements, the bank actively contributes to individuals and businesses’ economic growth and prosperity.

While Canadia Bank does not currently offer Islamic banking services, its focus on continually exploring opportunities to expand its offerings demonstrates a commitment to inclusivity and meeting the dynamic needs of the Cambodian population.

Guided by a vision of excellence and powered by a team of dedicated professionals, Canadia Bank has fostered trust and loyalty among its customers. 

Upholding international standards and best practices, the bank has positioned itself as a reliable and preferred banking partner for individuals and enterprises in Cambodia.

Canadia Bank’s journey from its inception to its current stature exemplifies its resilience, adaptability, and customer-centric philosophy. 

With an unwavering commitment to providing innovative financial solutions, Canadia Bank continues to play a pivotal role in driving Cambodia’s economic progress and empowering its people to achieve their financial goals.

Foreign Trade Bank of Cambodia (FTB): 

FTB holds a significant position with a total asset value of 3.6 billion USD, capturing a market share of 12.2%. 

The bank’s specialization in foreign trade transactions has enabled it to maintain a strong presence in the market.

Founded in 1979 and headquartered in Phnom Penh, Cambodia, the Foreign Trade Bank of Cambodia (FTB) stands as a testament to enduring excellence and commitment to serving the nation’s financial needs. 

With decades of experience, FTB has grown into a reputable and reliable banking institution known for its diverse offerings and customer-centric approach.

FTB’s total assets, amounting to USD 3.6 billion in 2023, reflect the bank’s substantial financial strength, positioning it as a key player in Cambodia’s banking landscape. 

With a commendable % market share of 12.2%, FTB has earned the trust and loyalty of its valued customers due to its unwavering dedication to service quality.

The bank’s presence is strategically distributed across 32 branches in Cambodia, allowing it to cater to customers from various regions. 

Additionally, FTB has installed 60 ATMs, providing seamless access to banking services for its clientele.

In keeping with the digital age, FTB offers cutting-edge online and mobile banking facilities, ensuring convenience and accessibility for its tech-savvy customers. 

The bank’s commitment to innovation is further exemplified by its provision of credit cards, investment banking solutions, and treasury services, catering to the diverse financial requirements of its customers.

FTB’s wide range of services extends to personal, corporate, and SME banking, underscoring its dedication to supporting economic growth at all levels. 

FTB plays a crucial role in fostering prosperity in Cambodia by facilitating financial solutions for individuals and businesses alike.

While not currently offering Islamic banking services, FTB remains open to exploring avenues for expanding its offerings, demonstrating its commitment to inclusivity and meeting the evolving needs of the Cambodian population.

Throughout its history, FTB has upheld high standards of integrity, professionalism, and ethical conduct, contributing to its enduring success. 

The bank’s emphasis on customer satisfaction and value-driven services has earned it a distinguished reputation in the financial sector.

Union Commercial Bank: 

With total assets worth 3.2 billion USD, Union Commercial Bank takes the fifth position, claiming a market share of 10.6%. 

The bank’s steady growth and diverse offerings have attracted a sizeable clientele.

Established in 1994 and headquartered in Phnom Penh, Cambodia, Union Commercial Bank has steadily emerged as a dynamic and customer-oriented financial institution, catalyzing economic progress in the nation. 

With a dedication to excellence and innovation, the bank has built a strong reputation in Cambodia’s banking landscape.

Union Commercial Bank’s total assets have grown significantly, reaching USD 3.2 billion in 2023. 

This substantial asset base has enabled the bank to secure a market share of 10.6%, a testament to the trust and confidence it has garnered from its expanding customer base.

Though the bank operates through a more limited number of branches, standing at 12 in 2023, its impact is felt nationwide. 

Additionally, Union Commercial Bank provides 20 ATMs, ensuring convenient access to banking services for its valued customers.

In tune with the digital era, Union Commercial Bank offers modern online and mobile banking facilities, reflecting its commitment to providing seamless and user-friendly services. 

The bank’s comprehensive offerings include credit cards, investment banking solutions, and treasury services, catering to the diverse financial needs of its customers.

Union Commercial Bank’s wide range of services extends to personal, corporate, and SME banking, facilitating growth and supporting businesses of all sizes. 

By empowering its customers with tailored financial solutions, the bank contributes to the overall economic development of Cambodia.

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While not currently offering Islamic banking services, Union Commercial Bank remains open to exploring new avenues to serve its clientele’s diverse needs better.

Union Commercial Bank’s success can be attributed to its customer-centric approach, focus on financial stability, and commitment to maintaining the highest service standards. 

The bank’s professional and ethical conduct has garnered a loyal and satisfied customer base.

J Trust Royal Bank: 

J Trust Royal Bank secures the sixth spot with a total asset value of 2.3 billion USD and a market share of 7.5%. 

Despite being a relatively newer player, the bank has shown commendable progress quickly.

Established in 2004 and headquartered in Phnom Penh, Cambodia, J Trust Royal Bank has rapidly increased prominence, exemplifying a compelling blend of modern banking services and a customer-centric approach. 

Despite being a relatively young player in the industry, the bank’s trajectory of growth and innovation has garnered attention and praise.

As of 2023, J Trust Royal Bank boasts total assets worth USD 2.3 billion, a testament to its financial strength and stability. 

With a market share of 7.5%, the bank has earned the trust and loyalty of its expanding customer base, setting a firm foundation for further progress.

Operating through 11 strategically located branches in Cambodia, J Trust Royal Bank ensures accessibility and convenience for its valued clientele. 

The provision of 15 ATMs further enhances its reach, allowing customers to conduct banking transactions easily.

Embracing the digital revolution, J Trust Royal Bank offers cutting-edge online and mobile banking facilities catering to the needs of tech-savvy customers. 

The bank’s pursuit of innovation extends to providing credit cards, investment banking solutions, and treasury services, accommodating diverse financial requirements.

J Trust Royal Bank’s commitment to personalized banking solutions is evident through its comprehensive range of services, catering to personal, corporate, and SME banking needs. 

By supporting businesses of all scales, the bank fosters economic growth and development in Cambodia.

While not currently offering Islamic banking services, J Trust Royal Bank remains open to future possibilities, demonstrating its willingness to adapt and cater to the diverse needs of its customers.

At the core of J Trust Royal Bank’s success lies a customer-centric ethos and a drive to deliver excellence in all aspects of banking. 

Its adherence to international standards and ethical practices has earned it recognition and trust among its customer base.

Vattanac Bank: 

Vattanac Bank stands at the seventh position with total assets amounting to 1.9 billion USD and a market share of 6.3%. 

The bank’s commitment to customer satisfaction has helped it maintain a stable position in the competitive banking landscape.

Established in 2002 and headquartered in Phnom Penh, Cambodia, Vattanac Bank has been on a remarkable journey, contributing significantly to the nation’s financial growth and prosperity. 

With a vision to empower dreams and enrich lives, the bank has built a strong reputation for its diverse offerings and unwavering commitment to its customers.

As of 2023, Vattanac Bank’s total assets have reached USD 1.9 billion, a testament to its financial stability and strength. 

The bank’s market share of 6.3% underscores the trust and confidence it has earned from its expanding customer base.

Operating through 33 strategically located branches in Cambodia, Vattanac Bank ensures accessibility and convenience for its valued customers. 

Providing 50 ATMs further enhances its reach, allowing customers to conduct seamless banking transactions nationwide.

Embracing the digital era, Vattanac Bank offers state-of-the-art online and mobile banking facilities, catering to the evolving needs of its tech-savvy customers. 

The bank’s commitment to innovation extends to providing credit cards, investment banking solutions, and treasury services, catering to diverse financial requirements.

Vattanac Bank’s comprehensive range of services includes personal, corporate, and SME banking, showcasing its dedication to supporting the financial aspirations of individuals and businesses alike. 

By providing tailored financial solutions, the bank actively contributes to the growth and development of Cambodia’s economy.

While not currently offering Islamic banking services, Vattanac Bank remains open to exploring opportunities to expand its offerings, demonstrating its commitment to inclusivity and meeting the diverse needs of its customer base.

At the heart of Vattanac Bank’s success lies its customer-centric approach and unwavering commitment to maintaining the highest service standards. 

The bank’s professionalism, integrity, and ethical conduct have earned it the trust and loyalty of its customers.

Campu Bank:

At the eighth position is Campu Bank, with total assets valued at 1.7 billion USD and a market share of 5.6%. 

The bank’s consistent performance has garnered the trust of both individual and corporate clients.

Established in 2002 and headquartered in Phnom Penh, Cambodia, Campu Bank has emerged as a key player in the country’s banking landscape, offering a wide array of financial solutions to meet the diverse needs of its customers. 

With a focus on innovation and customer satisfaction, the bank has made significant strides in the industry.

As of 2023, Campu Bank’s total assets stand at USD 1.9 billion, reflecting its financial strength and stability. 

With a market share of 6.3%, the bank has earned the trust and loyalty of its growing customer base, solidifying its position as a reliable and preferred banking partner.

Operating through 33 strategically located branches, Campu Bank ensures its services are accessible and convenient for customers across Cambodia. 

Providing 50 ATMs further enhances its reach, offering seamless banking transactions to its valued clientele.

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In line with the digital age, Campu Bank provides advanced online and mobile banking facilities, catering to the evolving needs of its tech-savvy customers. 

The bank’s commitment to innovation extends to credit card services, investment banking solutions, and treasury services, catering to diverse financial requirements.

Campu Bank’s comprehensive range of services covers personal, corporate, and SME banking, embodying its dedication to supporting the financial aspirations of individuals and businesses alike. 

By providing tailored financial solutions, the bank actively contributes to Cambodia’s economic growth and development.

While not currently offering Islamic banking services, Campu Bank remains open to exploring opportunities for future expansion, displaying its commitment to inclusivity and meeting the evolving needs of its customers.

Campu Bank’s success can be attributed to its customer-centric approach, adherence to international standards, and a team of professionals dedicated to delivering excellence in all aspects of banking.

Maybank Cambodia: 

Maybank Cambodia secures the ninth spot, boasting total assets of 1.6 billion USD and a market share of 5.2%. 

The bank’s affiliation with a reputable international banking group has contributed to its growth.

Maybank Cambodia, established in 1999 and headquartered in Phnom Penh, Cambodia, has been a driving force in the country’s banking sector, bridging dreams and aspirations with comprehensive financial solutions. 

With a commitment to excellence and a focus on customer satisfaction, the bank has garnered recognition as a trusted and reliable banking partner.

As of 2023, Maybank Cambodia boasts total assets of USD 1.6 billion, reflecting its financial stability and robust growth. 

The bank’s market share of 5.2% showcases the trust and confidence it has earned from its expanding customer base.

With a network of 27 strategically located branches, Maybank Cambodia ensures that its services are accessible to customers nationwide. 

Providing 40 ATMs further enhances convenience and seamless access to banking facilities.

Embracing the digital age, Maybank Cambodia offers cutting-edge online and mobile banking facilities, catering to the evolving needs of its tech-savvy customers. 

The bank’s dedication to innovation extends to credit card services, investment banking solutions, and treasury services, providing a comprehensive suite of financial offerings.

Maybank Cambodia’s wide range of services covers personal, corporate, and SME banking, demonstrating its commitment to supporting individuals and businesses at all levels. 

By providing tailored financial solutions, the bank actively contributes to Cambodia’s economic growth and development.

While not currently offering Islamic banking services, Maybank Cambodia remains open to future opportunities to expand its offerings, showcasing its commitment to inclusivity and serving the diverse needs of its customer base.

At the core of Maybank Cambodia’s success lies its customer-centric approach, professionalism, and ethical conduct. 

The bank’s dedication to excellence has earned it a loyal and satisfied customer base.

Bank of China Phnom Penh:

Rounding off the top 10 is Bank of China Phnom Penh, with total assets of 1.5 billion USD and a market share of 5.0%.

The bank’s global presence and expertise have aided in establishing a foothold in the Cambodian market.

Established in 1996 and headquartered in Phnom Penh, Cambodia, Bank of China Phnom Penh has been pivotal in fostering financial excellence and connectivity between Cambodia and the world. 

With a rich history and a commitment to delivering top-tier services, the bank has earned a reputation as a reliable and esteemed financial institution.

As of 2023, Bank of China Phnom Penh manages total assets of USD 1.5 billion, underscoring its financial strength and stability. With a market share of 5.0%, the bank has made its mark in Cambodia’s competitive banking landscape.

Operating through six strategically located branches, Bank of China Phnom Penh ensures its services are accessible and efficient for its valued customers. The provision of ten ATMs further enhances accessibility and ease of banking transactions.

Bank of China Phnom Penh is committed to innovation, offering advanced online banking services to cater to the evolving needs of its customers. Additionally, the bank provides credit card facilities, investment banking solutions, and treasury services, catering to diverse financial requirements.

The bank’s comprehensive range of services encompasses personal, corporate, and SME banking, exemplifying its dedication to supporting individuals and businesses in Cambodia. 

By facilitating tailored financial solutions, Bank of China Phnom Penh actively contributes to the growth and development of the nation’s economy.

While currently not offering mobile banking services or Islamic banking options, Bank of China Phnom Penh remains open to exploring opportunities to expand its offerings, demonstrating its adaptability to the dynamic financial landscape.

Bank of China Phnom Penh’s success can be attributed to its focus on professionalism, adherence to international standards, and commitment to customer satisfaction.

The rankings of the top 10 banks in Cambodia in 2023 indicate a competitive and dynamic financial sector, with each institution vying to provide the best services and solutions to its customers. 

While the top three banks have maintained their positions at the helm, it is noteworthy that newer players like J Trust Royal Bank have also managed to carve a significant niche for themselves.

As the Cambodian economy grows, these banks’ performance and strategies will likely evolve, making the banking landscape even more exciting in the coming years. 

Customers can expect enhanced services, innovative products, and increased competition, ultimately benefiting them with various banking options to cater to their financial needs.