Canadia Bank
Encyclopedia
Canadia Bank is one of the largest local bank
s in Cambodia
. The bank was established in 1991 and became privatized in 1998. It has 25 branches across the country.
, and as a sole office financial institution managed by the former staff of the National Bank of Cambodia and Canadian Cambodian shareholders. The main activities were based on gold transaction, gold plaque manufacture and credit to local merchant
s.
In 19 April 1993, the name of the institution was changed to "Canadia Bank Ltd.", and subsequently to "Canadia Bank plc
." on 16 December 2003, as a commercial bank
registered under the Ministry of Commerce and the National Bank of Cambodia
. Since privatization
in 1998, the bank has become one of the largest local banks. It offers various financial services through its ten branches within Cambodia and 23 international correspondent banks, and currently holds and plans to extend noteworthy agricultural interests.
, ANZ Royal Bank
, Cambodia Asia Bank
, Maybank
Phnom Penh, Singapore Banking Corporation (SBC), Vattanac Bank
.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
s in Cambodia
Cambodia
Cambodia , officially known as the Kingdom of Cambodia, is a country located in the southern portion of the Indochina Peninsula in Southeast Asia...
. The bank was established in 1991 and became privatized in 1998. It has 25 branches across the country.
History
Canadia Bank was established on 11 November 1991, as the Canadia Gold & Trust Corporation Limited, under a joint-venture with overseas Cambodians and the National Bank of CambodiaNational Bank of Cambodia
The National Bank of Cambodia, located in Phnom Penh, is the central bank of Cambodia. The bank's duties include, inter alia, the management of monetary and exchange policies, the regulation of banks and financial institutions, and the control of the national currency, the riel...
, and as a sole office financial institution managed by the former staff of the National Bank of Cambodia and Canadian Cambodian shareholders. The main activities were based on gold transaction, gold plaque manufacture and credit to local merchant
Merchant
A merchant is a businessperson who trades in commodities that were produced by others, in order to earn a profit.Merchants can be one of two types:# A wholesale merchant operates in the chain between producer and retail merchant...
s.
In 19 April 1993, the name of the institution was changed to "Canadia Bank Ltd.", and subsequently to "Canadia Bank plc
Public limited company
A public limited company is a limited liability company that sells shares to the public in United Kingdom company law, in the Republic of Ireland and Commonwealth jurisdictions....
." on 16 December 2003, as a commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
registered under the Ministry of Commerce and the National Bank of Cambodia
National Bank of Cambodia
The National Bank of Cambodia, located in Phnom Penh, is the central bank of Cambodia. The bank's duties include, inter alia, the management of monetary and exchange policies, the regulation of banks and financial institutions, and the control of the national currency, the riel...
. Since privatization
Privatization
Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
in 1998, the bank has become one of the largest local banks. It offers various financial services through its ten branches within Cambodia and 23 international correspondent banks, and currently holds and plans to extend noteworthy agricultural interests.
Timeline
- 11 November 1991 - Canadia Bank is established under the name "Canadia Gold and Trust Corporation Limited"
- 19 April 1993 - The name of the then corporation is changed to "Canadia Bank LTD"
- 16 December 2003 - The name is changed from "Canadia Bank LTD" to "Canadia Bank PLC"
Competition
Canadia Bank's main competitors are ACLEDA BankACLEDA Bank
ACLEDA Bank is a privately owned bank based in Phnom Penh, Cambodia with 232 branches nationwide, the most in Cambodia, and 7,024 staff members across all provinces and towns in the Kingdom of Cambodia and five provinces in Laos...
, ANZ Royal Bank
ANZ Royal Bank
ANZ Royal is a bank in Cambodia with 23 branches that provides internet banking and a network of Automated Teller Machines at 101 locations both at branches and off-site. It also offers an "institutional team to assist multinational businesses operating in Cambodia"...
, Cambodia Asia Bank
Cambodia Asia Bank
Cambodia Asia Bank is a LLC bank of Cambodia, based in Phnom Penh and operating over a dozen branch offices. CAB offers loan, savings account, foreign remittance and other financial services.- External links :***...
, Maybank
Maybank
Maybank , a trade name for Malayan Banking Berhad is the largest bank and financial group in Malaysia, with significant banking operations in Singapore, Indonesia and the Philippines. The bank also has large interests in Islamic banking through Maybank Islamic Berhad and insurance via its Etiqa...
Phnom Penh, Singapore Banking Corporation (SBC), Vattanac Bank
Vattanac Bank
Vattanac Bank is a retail and commercial bank of Cambodia. It was founded in 2002 and is based in Phnom Penh. Branch offices are located in Phnom Penh and Siem Reap....
.
External links
- Overseas Cambodian Investment Corporation (OCIC)
- http://www.canadiabank.com/news_insite.asp?news=6332729&menuId=7&menuSubId=29&news_cat=Independent%20Hotel,%20Sihanouk%20VilleIndependent Hotel, SihanoukvilleSihanoukvilleSihanoukville , also known as Kampong Saom, is a province in southern Cambodia on the Gulf of Thailand. This port city is a growing Cambodian urban center, located southwest of the Cambodian capital, Phnom Penh. The province is named after King Father Norodom Sihanouk and grew up around the...
] - Cambodian Cultural Village
- http://www.canadiabank.comCanadia Bank PLC - EnglishEnglish languageEnglish is a West Germanic language that arose in the Anglo-Saxon kingdoms of England and spread into what was to become south-east Scotland under the influence of the Anglian medieval kingdom of Northumbria...
version] - http://www.canadiabank.com/khmer/index-khmer.htmCanadia Bank PLC - KhmerKhmer languageKhmer , or Cambodian, is the language of the Khmer people and the official language of Cambodia. It is the second most widely spoken Austroasiatic language , with speakers in the tens of millions. Khmer has been considerably influenced by Sanskrit and Pali, especially in the royal and religious...
version]