Malaysia’s award-winning Public Bank, which is celebrating its 50th Golden Jubilee this year, is one of the first foreign banks to open its door in Cambodia in 1992.
“Under the astute leadership of Public Bank Founder and Chairman, Tan Sri Dato’ Sri Dr. Teh Hong Piow, the Bank made the bold and right decision to establish Cambodian Public Bank as a commercial bank in Cambodia – long before others saw the potential of the newly democratic Kingdom,” said Mr Phan Ying Tong, Regional Head of Indo-China Operations.
Since then, Cambodian Public Bank’s presence has expanded greatly. From its first branch in May 1992, Cambodian Public Bank is now the largest 100% foreign-owned commercial bank by asset in Cambodia and has expanded its branch network to 30 throughout the country – and still surging ahead to growing its banking operations in Cambodia.
Its wholly owned subsidiary, Campu Securities, is the joint managing underwriter which has successfully underwritten the listing of the shares for Phnom Penh Special Economic Zone – the fourth company to be listed on the Cambodia Stock Exchange – on 30 May 2016.
The Public Bank Group has also expanded into general insurance business in Cambodia through Campu Lonpac Insurance since 2007 which is today one of the leading general insurance companies in Cambodia.
“We are very happy to be in Cambodia. We are really deeply rooted into the community. Our main customers are the Cambodian people and Cambodian business, and they are very happy with our excellent customer services and have remained loyal to our Bank”.
“We have expanded our branch network to the major provinces and currently offer a complete range of banking products and services to our customers. All this is a testimonial of the Bank’s utmost confidence in this country.”
Public Bank is Malaysia’s largest bank by market capitalization and third largest domestic banking group by asset size.
Cambodian Public Bank has won a record number of repeated recognition awards this year – among which are “The Bank of the Year in Cambodia” by the Bank, London for the 9th time, “Best Domestic Retail Bank of the Year in Cambodia” by the prestigious publisher, Asian Banking & Finance and “US Dollar Straight-Through-Processing” by Deutsche Bank, New York for its accuracy and fast payments, both for the 4th consecutive year.
In March this year, our Founder and Chairman, Tan Sri Teh became the first Malaysian banker to be awarded with the prestigious the Royal Order of Monisaraphon, Commander by the Royal Government of Cambodia for his outstanding leadership and contribution towards the social economic development of Cambodia since the inception of the bank in 1992. The Order was established in 1905 by the French to recognize outstanding Cambodia achievements and revived in 1995 by the late King Norodom Sihanouk.
Cambodian Public Bank practice its corporate social responsibilities with focus on education and community development. For instance, the Bank had in 2013 contributed a sum of USD50,000 for the construction of a block of classrooms at Samproch High School in Kampong Thom Province.” Mr. Phan said.
“The commitment of Tan Sri Teh to build the business on solid foundation has ensure that the Cambodian Public Bank continues to deliver sustainable value to its shareholder as well as contribute towards the social economic development of the country. We believe in social corporate responsibility. One of our commitments is to help with education opportunities, especially in the rural areas, so we help with schools and so on. In addition, the Bank also donates every year to the Cambodian Red Cross to provide some financial assistance to its noble efforts”
“We will focus in providing affordable housing loans to the Cambodians to purchase and own properties. To help them to own their own house to improve their standard of living – that is one of our main objectives.” Mr. Phan added.
Mr. Phan is confident in the future and potential of Cambodia’s economy – being one of fastest growing economies in the world.
“We believe the growth of Cambodia will continue to be robust and sustainable despite the global economic challenges. Cambodian Public Bank will continue to grow stronger in tandem with Cambodia’s growth. To achieve this goal, we firmly believe in developing our own home-grown human capital rather than getting it from elsewhere.”
“We strongly believe in our corporate culture in providing excellent customer services and delivering superior banking experience to meet the discerning needs of our customers. We provide comprehensive training in management, operations, technical skills, customer service etc to all levels of staff to enhance their competency and efficiency. To reinforce our commitment in delivering excellent customer service and to listen and gather continuous feedback from our customers, Cambodian Public Bank would be launching its Phase 2 Customer Care Campaign at all branches on 6 June 2016.”
“Cambodian Public Bank also serves the banking needs of the large growing international community of Malaysian investors and from other Asian countries which clearly reinforce the fact that Cambodia is certainly a great country to do business with its investor-friendly policies in place,” concluded Mr. Phan.
Mr. Phan Ying Tong, Regional Head Indo-China Operations.