Canadia Bank, one of the long-established and largest commercial banks in Cambodia, signed a Credit Facility Agreement with Export-Import (EXIM) Bank of Thailand on 31st October 2022 in Bangkok. Canadia Bank is the first bank in Cambodia that EXIM Thailand collaborated on the credit facility initiative.
Under the credit facility agreement, Canadia Bank secures new funding source from EXIM Thailand to provide business loans to investors and entrepreneurs of Thai franchises and/or related businesses in Cambodia that purchase goods, products, and/or services from Thailand.
With a strong corporate business portfolio, Canadia Bank is always looking for ways to support Corporate and SME businesses with competitive financing schemes for their expansion plans and in return, contribute to the Kingdom’s economic development. This goal is aligned with EXIM Thailand’s objectives to promote and support Thai exports and other investment expansions regionally.
Mr. Raymond Sia Say Guan, Canadia Bank’s Chief Executive Officer and Executive Board Director, commented that Canadia Bank believes in fostering win-win partnerships and this is another testament of such a collaboration. “We are honored to be the first banking partner in Cambodia of EXIM Thailand in relation to this credit facility agreement. Thailand is one of Cambodia’s important trade partners. This strategic partnership will increase the trade relationship and further strengthen the cross-border economic relationship between Cambodia and Thailand. This credit facility will also improve financial access and inclusion, which is one of Canadia Bank’s key agenda, by supporting our existing and new Corporate and SME customers in Cambodia to have financial access for their businesses.”
About Canadia Bank
Canadia Bank is a leading local and full-service commercial bank in Cambodia since 1991. In 2022, Canadia Bank was awarded “Dream Company to Work For” by World HRD Congress, “The Best Managed Bank in Cambodia” by The Asian Banker, the “Best Domestic Bank” and “Best SME Bank” in Cambodia by International Finance Awards 2022, and most recently, “The Best Domestic Bank in Cambodia” by Asiamoney Awards. We have been recognized and awarded by The Asian Banker as “The Strongest Bank by Balance Sheet in Cambodia” for the last 3 consecutive years and as “The Best Retail Bank in Cambodia” in 2021.
As of October 2022, the Bank has 64 branches and 382 ATMs, CRMs, and Virtual Teller Machines across Cambodia. For more information, please visit our website: www.canadiabank.com.kh.