Canadia Bank, one of the long-established and leading commercial banks in Cambodia, was recognized as the Best Domestic Bank for the fifth time and Best SME Bank for the third time by International Finance, a UK-based premium business and finance magazine. Canadia Bank is the first and only commercial bank in Cambodia to have won these awards numerous times.
The International Finance Awards (IFA) are prestigious honors recognizing the excellence of financial institutions in innovation, infrastructure development, and customer-centricity in their respective markets. These awards are testaments to Canadia Bank's commitment of providing outstanding banking services to its customers.
Celebrating more than 32 years in the market, Canadia Bank upholds its status of being known for banking excellence, stability, and reliability. The Bank continues to play a dominant role in the Kingdom's financial market as one of the largest SME loan providers.
The “Best Domestic Bank in Cambodia 2023” award highlights Canadia Bank’s commitment in providing the best-in-class products and services to its customers through continuous innovation. In February 2023, the new Canadia Bank App was launched providing the customers with fast and easy banking, ability to conduct group transactions, and a unique feature to earn points for rewards.
At the same time, to enhance customers’ financial accessibility, Canadia Bank has launched Smart Bank Centers that offer full-banking services equipped with the latest technology and self-service digital devices. Since October 2022, seven new branches have been opened in Saen Sokh, AEON Meanchey, IFL, Steung Meanchey, Chenla, Smart Banking Head Office, Khan Pur Senchey, and more in the pipeline.
Moreover, having been recognized three times as the “Best SME Bank in Cambodia” by IFA reflects the Bank’s strong SME portfolio. To make sustainable financing more accessible to SME customers, Canada Bank is continuously innovating its products and services, investing in digital solutions, and participating in Government-led initiatives for SMEs. As one of the first institutions to participate in the Business Recovery Guarantee Scheme (BRGS), Canadia Bank has been recognized by the Credit Guarantee Corporation of Cambodia (CGCC) as the Top Performing Financial Institution in Cambodia with the highest guaranteed loans with CGCC for 2022.
To create a complete digital payment ecosystem, Canadia Bank is also enhancing its Corporate Internet Banking, launching Merchant App, and providing more digital payment gateway solutions to facilitate the growing demands of SME, Corporate, and Merchant customers for more efficiency in their business operations.
"We are humbled and honored to be recognized once again by International Finance as the Best Domestic and Best SME Bank in Cambodia in 2023," said Mr. Raymond Sia, Canadia Bank’s CEO and Executive Board Director. "We are also grateful to the other reputable regional publications for the awards they have given this year to our three business segments, namely, Consumer Banking, SME Banking, Corporate Banking, and most recently, our digital transformation initiatives.”
“These recognitions are testaments of the hard work and dedication of our colleagues bank-wide. We remain committed to our customers to provide the best banking experiences to be your “Best Financial Partner” and contribute to the economic growth and development of Cambodia."