Cambodia

The Malaysian bank has a new CEO in Cambodia who plans to make the most of the lender’s regional scale and savvy to spot opportunities in an overbanked market.

There are many reasons why Maybank is Asiamoney’s pick for best international bank in Cambodia.

Among Cambodia’s local investment banks, SBI Royal Securities is the one to beat, thanks to its experienced team, strong shareholder support, large network of investors and an excellent track record of deals.

Hong Leong Bank has come a long way since it received its operating licence for Cambodia in August 2013, becoming the newest Malaysian bank to enter the country. Already it has made clear its ambitions and plans for growth in the country.

Canadia Bank, one of Cambodia’s oldest banks, has seen plenty of changes over the past five years, including the steady refocusing of its business lines.

When it comes to combining banking and innovation in Cambodia, one doesn’t need to look any further than ABA Bank. With chief executive Askhat Azhikhanov in the hot seat, the firm has made bringing new technology to Cambodia’s financial sector a priority. Case in point: it was the first to launch a full-scale mobile banking app in Cambodia in 2015.

Union Commercial Bank, led by CEO Jordan Chung, is Asiamoney’s winner of the best bank for CSR in Cambodia for successfully integrating its responsibility to the community with its business activities.

Making the most of very little served Credit Suisse’s Cambodian investment banking operations well in the past year. During Asiamoney’s awards period, the economy was still struggling to recover from the pandemic, leading to a difficult environment for capital-raising. Yet the Swiss bank, led by head of frontier markets Babur Rais, brought some key deals to the market.