Canadia Bank won 3 consecutive awards, reflecting continued success

Recently, Canadia Bank has won 3 consecutive awards in addition to the award “The SME Bank Cambodia 2020” in June, reflecting unstoppable success and prosperous of Canadia Bank, which has been strongly established in Banking sector for almost 30 years.  

Those awards include “Best Retail Bank in Cambodia” from International Excellence in Retail Financial Services Awards 2020, organized by specialized financial institution “The Asian Banker”, organized in Singapore, “Best Domestic Bank”, and “Most Socially Responsible Bank”, organized by International Finance Magazine, where the headquarter is in the United Kingdom.

Canadia Bank has anchored its growth on a strong financial foundation and a healthy balance sheet. It is seeking to make sound digital investments to deliver “enhanced customer experience” to achieve business results. The bank is also working with customers who have been financially affected by COVID-19 in restructuring their loans under the regulation permitted by the National Bank of Cambodia, said The Asian Banker.

The Asian Banker is a company that provides information for the financial service industries in the form of publications,online materials such as e-newsletters, research, conventions and other industry gatherings.

It is regarded by many as one of the Asian region’s leading consultancies in financial services research, bench marking and intelligence.

The Asian Banker runs what are widely recognised as the most distinguished awards programmes in the industry covering the full spectrum of topics and areas that constitute the financial services.

The International Excellence in Retail Financial Services programme is considered by industry insiders as the most rigorous,prestigious and transparent awards programme for consumer financial services in the world.

Raymond Sia, CEO of Canadia Bank, said: “I am delighted and honoured for Canadia Bank to be recognised by a strong reputable publication such as The Asian Banker for the second consecutive year. The bank was previously recognised as the Strongest Bank by Balance Sheet in Cambodia in 2019. We are thankful to our customers for this award and for customers’patronage and trust in our bank. This award is also a recognition of each of my colleagues’ contribution, hard work and strong leadership as well as the vision provided by our Chairman Okhna Dr Pung Kheav Se.

“This Award is a testament of our customer centricity efforts and achievements. As one of the long-standing and largest bank in the kingdom, we have today products that match and support our customers’life-cycle journeys from inculcating saving habits as a child with our Junior Account to assisting a working adult to start a family with our Wedding Account, housing and auto loans.

We continue to explore and develop new products and services for the benefit of our customers.” Sia added: “Canadia Bank will place more emphasis and also increase our investments in technology. We have a clear strategic road map to automate and digitize a number of our processes that will further improve our customers’ journey with us. Despite this challenging period caused by the pandemic and economic slowdown, we see opportunity to invest and develop our digital and e-channels as customers become more receptive to cashless and contactless banking.

Sia concluded: “All recognition and awards are equally important and well received by Canadia Bank because it reflects recognition of the bank and its employees. Besides this award of Best Retail Bank in Cambodia for 2020 by The Asian Banker, Canadia Bank was also recognized as the Best SME Bank 2020 by International Business Magazine.”

Canadia Bank was established on Nov 11, 1991, as“Canadia Gold & Trust Corp Ltd”, a joint-venture between Cambodian-Canadians and the National Bank of Cambodia (NBC). Its management consisted of former staff of the NBC and its Cambodian-Canadian shareholders.

On April 19, 1993, the name was changed to Canadia Bank Ltd and licensed as a commercial bank. On Dec 16, 2003, the name of the bank changed to Canadia Bank Plc.

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