Cambodia Asia Bank Overview and Services

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Macro shot of Cambodian Riel banknotes in a fanned arrangement displaying intricate designs and denominations.
Credit: pexels.com, Macro shot of Cambodian Riel banknotes in a fanned arrangement displaying intricate designs and denominations.

Cambodia Asia Bank is a prominent financial institution in Cambodia, offering a wide range of services to cater to the diverse needs of its customers.

The bank provides personal banking services, including savings and deposit accounts, loans, and credit cards.

Cambodia Asia Bank also offers business banking services, including corporate loans, trade finance, and cash management solutions.

With a strong presence in the market, the bank has established itself as a reliable and efficient financial partner for both individuals and businesses.

Company Information

Cambodia Asia Bank is a private commercial bank based in Phnom Penh, Cambodia. It was founded in 1992 and has since grown to become one of the largest banks in the country.

The bank offers a range of financial services, including corporate banking, retail banking, and investment banking. Its corporate banking services cater to large and medium-sized enterprises, while its retail banking services focus on individual customers.

Cambodia Asia Bank has a strong presence in the Cambodian market, with a network of over 20 branches and a team of experienced professionals.

See what others are reading: Banks and Banking Services

What Is Revenue?

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Credit: pexels.com, Asian woman working in a bright office, calculating finance on a desk with a laptop.

Revenue is a crucial aspect of a company's financial health. Cambodia Asia Bank's revenue is estimated to be between 501 million and 1 billion.

Understanding revenue can help you grasp a company's overall financial performance. This range gives you a general idea of the bank's financial standing.

Revenue is typically measured over a specific period, such as a year or quarter. This timeframe helps analysts and investors gauge a company's progress and potential.

Cambodia Asia Bank's revenue range is a significant indicator of its financial stability and growth prospects. It's essential to consider this figure when evaluating the bank's overall performance.

On a similar theme: Asia United Bank

Location

Cambodia Asia Bank is based in Phnom Penh, a city in Cambodia. Phnom Penh is the capital and largest city of Cambodia, making it a significant location for the bank.

The bank's physical presence in Phnom Penh suggests a strong connection to the local community.

Company Size

Cambodia Asia Bank has 501-1000 employees, making it a substantial presence in the industry.

Asian businessman working with calculator and notes at his desk in a modern office space.
Credit: pexels.com, Asian businessman working with calculator and notes at his desk in a modern office space.

This size of the workforce suggests a moderate level of complexity in their operations.

Their employees are likely handling a wide range of tasks, from customer service to financial transactions.

A company of this size often has a well-established structure and clear lines of communication.

This can result in a more stable and efficient work environment for their staff.

Their employees are likely handling a wide range of tasks, from customer service to financial transactions.

Overall, their company size indicates a significant level of activity and growth in the industry.

Payment Services

Cambodia Asia Bank offers a range of payment services to its customers, including payment tracking for SWIFT cross-border payments.

To track a SWIFT cross-border payment, you need an UETR code, Reference #, Amount Value, Payment Date, and a Currency, which can usually be found in a MT103 form.

The bank has also launched a payment service via KHQR code in partnership with Bankograph, a leading fintech in SE Asia.

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Payment Tracking

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Credit: pexels.com, Letters forming 'Bank Loan' on a vibrant red surface, ideal for finance themes.

To track a SWIFT cross-border payment, you'll need to gather some specific information.

You can find all the necessary details in an MT103 form.

For instance, you'll need an UETR code to track the payment.

The Reference # is also crucial for payment tracking.

The Amount Value and Payment Date are also important details to have.

Make sure you have the correct Currency listed as well.

Launch Payment via QR Code

Cambodia Asia Bank and Bankograph have launched a payment service via KHQR code, a universal quick response code system. This system allows consumers to make payments for goods and services in Cambodia.

The KHQR code is currently available in many prominent F&B and Entertainment venues in Phnom Penh. CAB Bank is actively pushing to grow its acceptance network across the country.

KHQR code is created for banking and financial institutions and payment service providers to serve consumers for other goods and services settlement in Cambodia. This code is available through CAB mobile, Bakong app, and other banks that belong to Bakong's KHQR network.

Stunning aerial view of flooded landscape in Kampong Thom, Cambodia with palm trees and water reflections.
Credit: pexels.com, Stunning aerial view of flooded landscape in Kampong Thom, Cambodia with palm trees and water reflections.

CAB Bank surveyed shops and service providers, finding that they wanted a single QR code to accept all local and internal payment networks. This would make transactions easier for customers and provide more convenience.

The National Bank of Cambodia (NBC) launched the KHQR code payment service on July 4, which helps businesses accept digital payments from users of any participating banks in the Bakong network through a single QR code.

Curious to learn more? Check out: Bank Code

Swift Code Callback Explained

You can use the first 8 symbols of a SWIFT code for international wire transfers, but it's always a good idea to double-check with the bank.

Normally, banks rely on their own or centralized reference data to facilitate SWIFT payments.

You can send SWIFT payments to CAMBODIA ASIA BANK LIMITED without specifying correspondent banks.

However, if you want to manually choose a correspondent bank, you can order information about it or request it from the customer service of CAMBODIA ASIA BANK LIMITED.

Employee and Operations

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Credit: pexels.com, Confident bank employee standing with arms crossed at BBVA reception area, smiling warmly.

Cambodia Asia Bank has a strong focus on employee development, with a dedicated training program that provides employees with the skills and knowledge needed to succeed in the industry.

The bank's training program includes a comprehensive onboarding process for new hires, which covers everything from bank policies and procedures to product knowledge and customer service skills.

With a highly trained and skilled workforce, Cambodia Asia Bank is able to deliver exceptional customer service and provide its customers with a wide range of financial products and services.

The bank's operations are also highly efficient, with a state-of-the-art core banking system that allows for seamless transactions and quick access to customer information.

Cambodia Asia Bank has a strong commitment to community development, with a focus on supporting local businesses and organizations through its community development program.

The bank's community development program provides financial support and resources to local businesses and organizations, helping to stimulate economic growth and development in the community.

Email Formats

Design of Brand Logo
Credit: pexels.com, Design of Brand Logo

Email is a vital communication tool for Cambodia Asia Bank, and its format is crucial for effective communication.

The bank's email format typically includes the sender's name, department, and contact information, ensuring that recipients can easily identify and respond to messages.

A standard email from the bank's customer service department might look like this: "Dear [Customer Name], thank you for reaching out to us. We will get back to you within 24 hours."

The bank's email format also includes a clear subject line that summarizes the purpose of the email, making it easier for recipients to prioritize and respond to messages.

In some cases, the bank's email format may include a request for additional information or documentation, which is usually specified in the email body.

The bank's email format is designed to be clear, concise, and easy to understand, reflecting the bank's commitment to excellent customer service.

What Are Specialties?

Cambodia Asia Bank offers a range of specialties that cater to the diverse needs of its customers.

Three children play on concrete pipes in a rural Cambodian landscape with mountains in the background.
Credit: pexels.com, Three children play on concrete pipes in a rural Cambodian landscape with mountains in the background.

One of the bank's specialties is its expertise in trade finance, which is evident in its ability to provide letters of credit and other trade finance instruments.

The bank's extensive network of branches and ATMs makes it a convenient option for customers who need to access their money on the go.

Cambodia Asia Bank also offers a variety of payment solutions, including cash management and payroll services.

Its online banking platform allows customers to manage their accounts and make transactions with ease.

The bank's customer service team is available to assist customers with any questions or concerns they may have.

Frequently Asked Questions

What is the safest bank in Cambodia?

ACLEDA Bank is recognized as the safest bank in Cambodia, having won the country's top award from Global Finance magazine in 2024. This prestigious recognition highlights ACLEDA Bank's commitment to financial security and stability.

Can I open a Cambodian bank account?

To open a Cambodian bank account, you'll need a valid passport, a certified residential document, and proof of employment or business in Cambodia. Check our full guide for more details on the required documents and the account opening process.

Are Cambodian banks insured?

Cambodian banks do not have a deposit protection scheme, meaning customer deposits are not insured in case of bank failure. This makes it essential for customers to carefully research and choose a reputable bank to minimize risk.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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