Canadia Bank
{{Short description|Bank in Cambodia}}
{{Use dmy dates|date=September 2020}}
{{multiple issues|
{{unreliable sources|date=August 2018}}
{{notability|corp|date=August 2018}}
{{third party|date=August 2018}}
}}
{{Infobox company
| name = Canadia Bank
| native_name = {{lang|km|ធនាគារ កាណាឌីយ៉ា}}
| logo = CNB LOGO-01.png
| logo_size = 250px
| image = Canadia Tower.png
| image_caption = Canadia Bank main branch in Phnom Penh
| vector_logo =
| type = Private
| genre =
| foundation = {{Start date and age|1991}}
| founder = Lok Neak Oknha Dr. Pung Kheav Se (Chairman of Board of Directors)
| location_city =
| location_country =
| num_locations = 72 branches (69 in Cambodia, 3 in Laos PDR)
| location = Phnom Penh, Cambodia
| origins =
| key_people = Raymond Sia Say Guan, Chief Executive Officer
| area_served = Cambodia and Laos PDR
| industry = Banking and finance
| products = Financial services
| revenue = US$456 million (2022)
| operating_income =
| net_income = US$129 million (2022)
| assets = US$7.634 billion (2022)
| num_employees = 4000+
| parent = Canadia Investment Holding
| divisions =
| subsid = Canadia Bank Lao
| owner =
| homepage = {{URL|www.canadiabank.com.kh}}
| dissolved =
| footnotes =
}}
Canadia Bank ({{langx|km|ធនាគារ កាណាឌីយ៉ា}} {{IPA|km|tʰeaʔniəkiə kanaːɗijaː|}}) is one of the largest local banks in Cambodia. The bank was established in 1991 and became privatized in 1998. As one of Cambodia's leading commercial banks, it operates 64 branches across 25 provinces and the capital. It is also the largest locally owned bank in the country. As of 2022, Canadia Bank has total assets of US$7.6 billion and Revenue of US$456 million, with net profit of US$129 million.{{Cite web |title=About Canadia Bank - Cambodia |url=https://canadiabank.com.kh//about |access-date=2023-08-03 |website=canadiabank.com.kh}}
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 Cambodia, and as a sole office financial institution managed by the former staff of the National Bank of Cambodia and Canadian Cambodian shareholders. One of the founders is Lok Neak Oknha Dr. Pung Kheav Se, a well-known Cambodia businessman of Teochew descent who is currently chairing the bank. The main activities were based on gold transaction, gold plaque manufacture and credit to local merchants.
On 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 61 branches within Cambodia and 23 international correspondent banks,Mean, Lux; Cambodia Blog. [http://camblog.blogspot.com/2006/04/background-of-canadia-bank.html Background of Canadia Bank]{{Dead link|date=June 2019 |bot=InternetArchiveBot |fix-attempted=yes }}. Retrieved on 2007-02-10 and currently holds and plans to extend noteworthy agricultural interests.Canadia Bank ups agriculture loans, June 2, 2011, http://agrocambodia.wordpress.com/2011/06/02/canadia-ups-agriculture-loans/ Retrieved on 2011-06-29 Canadia Bank has opened in 2014 a Representative Office in Shanghai for the Chinese Market.
Canadia Bank is a part of Canadia Group through subsidiary, Canadia Investment Holding{{Cite web |title=CIH {{!}} Canadia Investment Holding {{!}} Phnom Penh |url=https://www.canadiagroup.com.kh/ |access-date=2022-11-21 |website=CIH |language=en}} along with several well-known companies in the Kingdom of Cambodia, including Overseas Cambodian Investment Corporation (OCIC) which are the main developer and investor of the New Phnom Penh International Airport, Chroy Changvar Satellite City, Koh Pich Island, Koh Norea Island, and other projects within Cambodia.
=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"
- 2009 - Canadia Tower opened its doors for business"
- 2013 - Mobile Banking & Internet Banking launched"
- 2020 - New modern website launched https://www.canadiabank.com.kh/about"
- 11 November 2021 - Canadia Bank celebrates 30th year in Cambodia's market
- 5 February 2023 - Canadia Bank announces official launch of All-New Canadia Bank App for Mobiles
Competition
Canadia Bank's main competitors are ACLEDA Bank, JTrust Royal Bank, Sathapana Bank, Campu Bank, ABA Bank, Phillip Bank, Wing Bank Cambodia Asia Bank, Maybank Cambodia, Woori Bank, and Vattanac Bank.Cambodia Yellow Pages. [https://web.archive.org/web/20060320074333/http://www.yellowpages-cambodia.com/banking/banking-and-finance/ Banking & Finance - Cambodia]. Retrieved on 2007-02-10
See also
{{Portal|Banks}}
Notes
{{reflist}}
{{refbegin}}
- {{cite web
| last = Canadia Bank Plc.
| title = OCIC Annual Report 2005
| url = http://www.canadiabank.com/ocic_2005.pdf
| accessdate = 2007-02-10 |archiveurl = https://web.archive.org/web/20070927121011/http://www.canadiabank.com/ocic_2005.pdf |archivedate = 2007-09-27}}
- {{cite web
| last = Sorya Shopping Center
| title = Partners
| url = http://www.shoppingcentersorya.com/partners.html
| accessdate = 2007-02-10
| archive-url = https://web.archive.org/web/20070714011703/http://www.shoppingcentersorya.com/partners.html
| archive-date = 2007-07-14
| url-status = dead
}}
- {{cite web
| last = Se
| first = Pung Kheav
| title = Canadia Bank Plc.: Overseas Cambodian Investment Corp. (OCIC) Founder's Speech
| url = http://www.canadiabank.com/news_insite.asp?news=10332729&menuId=7&news_cat=10332729
| accessdate = 2007-02-10 |archiveurl = https://web.archive.org/web/20070927120947/http://www.canadiabank.com/news_insite.asp?news=10332729&menuId=7&news_cat=10332729 |archivedate = 2007-09-27}}
- {{cite web
| last = Xinhuanet
| first = Cambodia Online
| title = Cambodia's Canadia Bank signs finance agreements with IFC, USAID
| url = http://www.canadiabank.com/news_insite.asp?news=10332729&menuId=7&news_cat=10332729
| accessdate = 2007-02-10 |archiveurl = https://web.archive.org/web/20070927120947/http://www.canadiabank.com/news_insite.asp?news=10332729&menuId=7&news_cat=10332729 |archivedate = 2007-09-27}}
- {{cite press release
|title = Canadia Bank opened office in Shanghai...
|publisher = Cambodia Commercial Bank (CCB)
|date = 2006-01-11
|url = http://www.ccb-cambodia.com/index.php?q=main&p=news&n_id=343
|accessdate = 2007-02-10
|archive-url = https://web.archive.org/web/20061030073338/http://www.ccb-cambodia.com/index.php?q=main&p=news&n_id=343
|archive-date = 2006-10-30
|url-status = dead
}}
- {{cite press release
|title = International Finance Corp granted Canadia Bank US$5 million in loans...
|publisher = Cambodia Commercial Bank (CCB)
|date = 2004-11-10
|url = http://www.ccb-cambodia.com/index.php?q=main&p=news&n_id=230
|accessdate = 2007-02-10
|archive-url = https://web.archive.org/web/20061030182005/http://www.ccb-cambodia.com/index.php?q=main&p=news&n_id=230
|archive-date = 2006-10-30
|url-status = dead
}}
- {{cite press release
|title = Canadia Bank will construct a USD15 million...
|publisher = Cambodia Commercial Bank (CCB)
|date = 2004-08-03
|url = http://www.ccb-cambodia.com/index.php?q=main&p=news&n_id=194
|accessdate = 2007-02-10
|archive-url = https://web.archive.org/web/20061030071726/http://www.ccb-cambodia.com/index.php?q=main&p=news&n_id=194
|archive-date = 2006-10-30
|url-status = dead
}}
{{refend}}
External links
- [http://www.canadiabank.com/news_insite.asp?news=6032729&menuId=7&menuSubId=29&news_cat=OCIC%20(Overseas%20Cambodian%20Investment%20Corporation) Overseas Cambodian Investment Corporation (OCIC)] {{Webarchive|url=https://web.archive.org/web/20081221222927/http://www.canadiabank.com/news_insite.asp?news=6032729&menuId=7&menuSubId=29&news_cat=OCIC%20(Overseas%20Cambodian%20Investment%20Corporation) |date=21 December 2008 }}
- [http://www.canadiabank.com.kh/ Canadia Bank PLC] - English version
- [https://web.archive.org/web/20130905230422/http://www.canadiabank.com.kh/index_kh.aspx Canadia Bank PLC] - Khmer version
Category:Privately held companies of Cambodia
Category:Banks established in 1991