Canadia Bank
From Wikipedia, the free encyclopedia
| 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 |
| 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.
Contents |
[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 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 the largest local bank. It offers a wide range of financial services through its ten branches within Cambodia and 20 international correspondent banks.[1]
[edit] 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"
[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]
[edit] See also
[edit] Notes
- ^ Mean, Lux; Cambodia Blog. Background of Canadia Bank. Retrieved on 2007-02-10
- ^ Cambodia Yellow Pages. Banking & Finance - Cambodia. Retrieved on 2007-02-10
- Canadia Bank Plc.. OCIC Annual Report 2005. Retrieved on 2007-02-10.
- Sorya Shopping Center. Partners. Retrieved on 2007-02-10.
- Se, Pung Kheav. Canadia Bank Plc.: Overseas Cambodian Investment Corp. (OCIC) Founder's Speech. Retrieved on 2007-02-10.
- Xinhuanet, Cambodia Online. Cambodia's Canadia Bank signs finance agreements with IFC, USAID. Retrieved on 2007-02-10.
- Cambodia Commercial Bank (CCB) (2006-01-11). "Canadia Bank opened office in Shanghai...". Press release. Retrieved on 2007-02-10.
- Cambodia Commercial Bank (CCB) (2004-11-10). "International Finance Corp granted Canadia Bank US$5 million in loans...". Press release. Retrieved on 2007-02-10.
- Cambodia Commercial Bank (CCB) (2004-08-03). "Canadia Bank will construct a USD15 million...". Press release. Retrieved on 2007-02-10.
