Top 10 Banks in Cambodia

Cambodia's banking sector, like so many in the Kingdom, has undergone mass changes over the past decade both in terms of growth and expansion but also their adaptation to digital banking and trying to improve on a customer-centric approach. 

B2B Cambodia's editorial team has compiled a list of the best banks in Cambodia according to you.

To be listed in our Top Businesses in Cambodia series, each business needs to have consistently received positive feedback and maintain high rating on both Google and Facebook reviews.

Innovation, customer satisfaction, and financial stability are some of the key attributes to look out for, but the Cambodian banking space is bloated in terms of how many banks have emerged in the space and competition is fierce too. This has led to a number of banks forging partnerships with other industries to attract customers and diversify their services (entertainment, insurance, flight and hotel booking etc).

Both the National Bank of Cambodia (NBC) and The Association of Banks of Cambodia (ABC) keep lists online of commercial and signatory banks opening in the Kingdom.

By the start of 2023, there were as many as 59 Commercial banks and 9 Specialised banks operating in Cambodia! As many as 15 new commercial banks have entered the market in five years.

In this article, we identify the top 10 best banks in Cambodia, known for their reliability, comprehensive services, and popularity on the banking landscape.

It should be noted that some banks specialise in specific areas such as commercial banking or might have a better reputation for personal banking services than their corporate services so this is a generalised look at the top banks operating in the country. Also many banks subscribe to different types of awards and there are multiple repeat annual winners.

Top 10 Banks In Cambodia

ACLEDA Bank

ACLEDA Bank offers a wide range of banking services to individuals and businesses and has an extensive branch network in Cambodia. Originally founded in 1993 as a national NGO for micro and small enterprise development, the bank was officially licensed by the National Bank of Cambodia (NBC) as a Specialised Bank in 2000, and as a Commercial Bank in 2003.

Among the bank's services are E-Banking, Credit, Deposits, Local and International Fund Transfers, Trade Finance, Cash Management, and more. ACLEDA is considered to have one of the best banking apps in Cambodia. The bank was also among the first to offer cross-border QR (Quick Response) payments with countries like Thailand and Japan.

Additionally, in 2020, ACLEDA became the first commercial bank to list equities on the Cambodia Securities Exchange (CSX). In 2025, the bank successfully also issued two subordinated bonds worth a combined total of USD 200 million, making it one of the largest corporate bond offerings in Cambodia.

ABA Bank

ABA Bank (Advanced Bank of Asia Limited) is widely regarded as one of the most tech-forward and innovative digital banking solutions in Cambodia, with branches and ATMs widely distributed. In the capital, Phnom Penh, and other urban hotspots, ABA Bank has by far the largest presence. 

The bank offers a range of customer-centric commercial, retail, corporate and personal banking services and digital payment solutions. ABA's personal banking app is also widely hailed by many expats and Cambodians.

A member of the National Bank of Canada Group, ABA Bank has received many awards over the years recognising its leading role in the market, such as being named the ‘Best Bank in Cambodia’ by Euromoney magazine for 12 consecutive years. 

Among the bank's most recent innovations was the introduction of the first-in-Cambodia Card Machine, enabling customers to issue international debit cards and local Cambodian Shared Switch cards in a matter of minutes. The bank also allows customers to create virtual debit cards without any fees, and offers non-collateral instant Salary Loans for employees of the companies who opted for the ABA Payroll service.

Wing Bank

Launched initially as a money transfer business in 2008, Wing Bank officially received its commercial banking license from the NBC in 2020, and has since become one of the fastest growing digital banks in Cambodia. A part of the Royal Group of Companies, the bank's history as a payment service has allowed the bank to have one of the most extensive rural networks in the country.  

The bank has received several accolades—such as the ‘Most Innovative Leader in Digital Lending – Cambodia 2025’ and
‘Excellence in Innovation – Savings Account Services – Cambodia 2025’ awards from Global Banking & Finance review—and offers innovative digital products such as Digital Loans and Save For a Goal savings accounts.

In 2023, Wing Bank inaugurated its new head office, Wing Bank Tower, on Preah Monivong Boulevard.

Canadia Bank

Canadia Bank was privatised in 1998 and has become one of the largest local banks in Cambodia, with a global network of correspondent banking relationships and a solid base of local and international customers.

Canadia Bank is renowned for its strong financial stability and offers a diverse portfolio of products and services, including retail and corporate banking, catering to individuals, SMEs, and large enterprises.

Although considered a leader in lending, Canadia Bank was arguably late to the game when introducing a modern banking app in Q1 2023, and started rolling out Smart Branches with self-service digital banking.

Sathapana Bank

Sathapana Bank Plc. was established in 2016, following a merger between the Japanese-owned MARUHAN Japan Bank Plc. and the SATHAPANA Limited microfinance institution. The newly merged commercial bank was formed to provide reliable banking services, empower entrepreneurs and to generate employment in order to improve business and living standards through access to financial services in a sustainable manner.

As of 2025, the bank has 175 branches across Cambodia and close to 1 million customer accounts. Sathapana Bank maintains a customer-centric ‘digital first’ strategy reflecting the growing financial needs of an increasingly digitalised society. 

The bank also launched its new ‘Sathapana Mobile’ app on April 27, 2025, with intuitive features and functionalities that seek to provide greater customer convenience and accessibility across Cambodia.

Foreign Trade Bank of Cambodia (FTB)

The Foreign Trade Bank of Cambodia is a joint private/government venture that has been providing customers with banking services since 1979, thus making it the Kingdom’s first local commercial bank offering banking services to Cambodians and expatriates for more than four decades.

The bank has played a role in facilitating global trade for businesses in Cambodia and is renowned for its expertise in trade finance, assisting companies in expanding their international operations.

FTB officially launched its retail mobile app in May 2022, called “FTB Mobile” to replace MohaBot. Construction of the bank's new USD 112 million headquarters—located near the Peace Palace in Phnom Penh—is also set to be completed in 2025.

Maybank

The Malaysian bank is considered among the leading foreign banks in Cambodia, in terms of assets and customer deposits, and was established in December 1993. Maybank Cambodia has expanded its customer base providing the full range of banking services for the mass market, local SME and the commercial and corporate sectors.

Maybank was locally incorporated to become Maybank (Cambodia) Plc., to reflect a long-term commitment to Cambodia and in line with their standings as a regional bank. They were awarded Best International Bank Cambodia 2022 at the Asiamoney Best Bank Awards.

Maybank Cambodia has worked closely with SMEs to suppose and sustain their businesses and has partnered with SME Bank of Cambodia on SME Bank Co-Financing Schemes and the Credit Guarantee Corporation of Cambodia (CGCC) on Co-Financing Credit Schemes.

In mid-2023, in collaboration with American Express and Visa, Maybank introduced the ‘Maybank 2 Cards’, the first dual credit card in Cambodia.

BRED Bank

BRED Bank Cambodia is a subsidiary of BRED Banque Populaire, a member of the BPCE Group, and was established in Cambodia in 2017. BRED Bank is still the only European bank in the Kingdom.

The French Bank has established a network covering Phnom Penh, Siem Reap and Battambang. In 2023, its parent company committed a further USD 35 million to the Cambodian operation, with the aim of doubling its market share, expanding its branch network and introducing new products and services.

BRED Bank boasts a healthy personal banking product portfolio, with a goal is to be Cambodia’s best bank for business, and to provide access to funds that help businesses grow.

Phillip Bank

Phillip Bank, part of PhillipCapital Group, was established in Cambodia in 2009 and is the only Singaporean commercial bank operating in the Kingdom.

The bank offers a wide range of financial services and products catering to Corporate, SME and Retail customers. They also previously merged with Kredit MFI in 2021 to become one of the largest commercial banks in Cambodia in terms of its branch network.

Phillip Bank has established a Trustee Company in Cambodia to provide trustee services for all trustors and attract foreign investment. In 2023, the bank entered a strategic partnership with Sarita Waterside to attract more investments, particularly from Singapore, and build trust in the real estate market in Cambodia.

Two of Phillip Bank's core focuses have been providing high-tech digital products and service excellence.

KB Prasac

KB Prasac bank was officially launched as a commercial bank in 2024, but has a longer history of almost 30 years in Cambodia's financial market, with 192 branches located across the country.

Originated in 1995 as a development project funded by the European Union (EU) under the name ‘PRASAC’, that project soon transformed into a rural credit operator and licensed microfinance institution (MFI). Then in 2020, KB Kookmin Bank Co., Ltd. acquired 70 per cent of the MFI's shares, before proceeding with a full merger approved by the NBC and Ministry of Commerce in 2023.

Since launching as a commercial bank, KB Prasac has introduced a new mobile banking app, as well as a KB PRASAC Merchant and KB PRASAC Corporate app. The bank has also launched cross-border QR payments with Thai QR and PromptPay in Thailand, and introduced Visa debit cards in its product offerings. 

Cambodia Banks Market Overview

When choosing a bank in Cambodia, it's essential to consider your specific needs, such as personal or business banking requirements, accessibility, technology, and customer service, to ensure you find the best match for your financial needs.

Based on reports from PROFITENCE, Standard Insights, MAD's Digital Banking in Cambodia white paper, and from the NBC (National Bank of Cambodia):

• Among the top priorities for customers in retail banking in selecting a bank are “Good data protection and security/fraud protection” as well as the “Ease in setting up; configuring and using the platform”.
• More than half of customers send bank transfers online, and even 25 per cent pay all bills via apps and online.
• A number of initiatives such as electronic know-your-customer (e-KYC), KHQR, and the National Bank of Cambodia’s Bakong system are changing the digital banking landscape.