Canadia Bank

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Canadia Bank PLC. Cambodia
Type	Private
Founded	Cambodia (1991)
Headquarters	Phnom Penh, Cambodia
Key people	Pung Kheav Se, Executive Director Phuong Khinh Hoa, Executive Director
Industry	Banking and Finance
Products	Financial Services
Net income	$293.78 million USD (2005) [1]
Employees	unknown
Slogan	Your most reliable partner
Website	www.canadiabank.com

Canadia Bank (not to be confused with the country, Canada) is the largest local bank in Cambodia. The bank was established in 1991 and became privatized in 1998. It has 10 branches across the country.

1 History
2 Ownership
3 Services
4 Competition
5 See also
6 Notes
7 External links

[edit] History

Canadia Bank was established on 11 November 1991, as Canadia Gold & Trust Corporation Limited, under a joint-venture with the Overseas Cambodians and the National Bank of Cambodia (Central 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. The main activities were based on gold transaction, gold plaque manufacture and credit to local merchants.

In 19 April 1993, the name of the institution was changed to CANADIA BANK LTD, and to CANADIA BANK PLC on 16 December 2003 (Public Limited Company), as a commercial bank registered under the Ministry of Commerce and the National Bank of Cambodia. Since privatization in 1998, the Bank has become the largest local bank that offers a wide range of financial services through its strategic ten branches within Cambodia and 20 international correspondent banks.^[1]

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"

[edit] Ownership

[edit] Services

Canadia Bank offers services such as:

Bank Account - A bank account can be opened so long as it has an initial deposit of $100.00 USD. The account can be in USD, Thai Baht or Khmer Riel.
Gold Deposit - Gold bars in 1 chi, 5 chi, 1 Tael, 5 Tael and 10 Tael. It is the only gold deposit account available in Cambodia. Interest is calculated in Gold value.
Travelers Cheque
Trade Finance Service
Remittance
Foreign Exchange
Private Banking
MasterCard & VisaCard
ATM Card
Money Transfer
Bankers Checks
Bank Transfer
Consultancy Services
Payroll Services
Real Estate Brokerage & Referee Services

[edit] Competition

Canadia Bank's main competitors are Acleda Bank, ANZ Royal Bank, Cambodia Asia Bank, Maybank Phnom Penh, Singapore Banking Corporation (SBC), Vattanak Bank.^[2]