10 Cambodian Institutions Compared
Interest Rates of Banks & MFI’s
For our comparison of interest rates in Cambodia, we have selected a total of 10 competitors taking in deposits: 6 banks and 4 MFI’s (Micro Finance Institutions). See them below, with a short description.
Banks
ABA Bank
ABA Bank is the most popular bank among Cambodians. It was founded in 1996 as the Advanced Bank of Asia Limited. ABA is a subsidiary of National Bank of Canada (not to be confused with Bank of Canada, which is the central bank of the country).
ACLEDA Bank
ACLEDA started out in the 1990’s as a UN-funded microfinance project and transformed into a bank in 2003. It is one of Cambodia’s major commercial banks. ACLEDA is an acronym for the Association of Cambodian Local Economic Development Agencies.
Hattha Bank
Hattha started out as a food security NGO in Pursat and later became a microfinance institution, known as Hattha Kaksekar (“Farmer’s Hand”). After acquisition by Thai Bank of Ayudhya (krungsri) in 2017, Hattha became a commercial bank in 2020.
Woori Bank
Woori entered Cambodia in 2014 when the South Korean bank acquired Malis Microfinance, followed by the acquisition of VisionFund. First known as WB Finance, at the start of 2022 it became a commercial bank under the name Woori Bank (Cambodia) Plc.
Canadia Bank
In 1991 Canadia Bank was established under the name “Canadia Gold and Trust Corporation Limited”. In 2003 it was registered as a commercial bank. Canadia is part of a holding which includes OCIC, a major investor in infrastructure projects in Cambodia.
Wing Bank
Launched in 2008, Wing initially only provided easy money transfers via mobile phones across Cambodia. The concept proved very successful. In 2021 Wing was granted a license to operate a commercial bank under the name Wing Bank (Cambodia) Plc.
Micro Finance Institutions
Amk
AMK Microfinance Institution PLC (AMK MFI) originated from the micro-credit & savings program of Irish NGO Concern Worldwide.
Amret
Amret grew out of a microcredit project set up in 1991. Since 2015, Amret is a full subsidiary of Advans Group in Luxemburg.
LOLC
In 2014 LOLC, with headquarters in Singapore, got a 60% stake in Thaneakea Phum Cambodia and changed the name to LOLC.
KB Prasac Bank
Prasac started in 1995 as a project funded by the European Union. It has transformed to a bank and is a full subsidiary of South Korean Kookmin Bank.
See the current interest rates in Cambodia by clicking on the buttons below.
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