Cambodia Post Bank PLC (CPBank) – one of the fastest growing commercial banks in the Kingdom – marked its 10th anniversary on September 20, 2023.

To celebrate the landmark, CPBank is offering a special promotion – valid until October 31, 2023 – with customers opening a Khmer Riel Fixed Deposit account to enjoy a generous interest rate of 8.8 per cent per annum for two years instead of one.

Over the years, CPBank has transformed from an ambitious vision into a formidable institution, one empowering individuals and businesses in the Kingdom.

And the CEO of CPBank, Toch Chaocheck, said the financial institution would continue to embrace the spirit of growth and progress as it marked “an incredible milestone”.

“We will always seek new perspectives, embrace innovation and adapt to the evolving financial needs of our customers, as well as be mindful of the environment and the communities we serve.

“As we celebrate an incredible milestone, we would like to thank all our customers who have continually supported our products and services since our inception back in 2013.

“We also want to extend gratitude to our board and our shareholders for their wise guidance, as well as the regulators – especially the National Bank of Cambodia – for their continued support,” he said.

As of September 2023, CPBank’s total assets had reached US$ 1.4 billion, with both deposit and loan portfolios each at $1 billion.

CPBank serves its 301,000 customers – including 125,000 cardholders and 123,000 Mobile Banking users – across Cambodia with its network of 61 branches, 340 ATMs/CDMs and 50,000 merchant points.

Meanwhile, Funan Microfinance – a CPBank subsidiary – is catering to customers through its 51 branches, while its total assets have increased eight-fold since being acquired by CPBank in 2017.

Over the past 10 years, CPBank has rapidly transformed into a bank offering fully fledged digital services, with customers able to perform financial transactions online – whether opening an account or applying for a loan – without having to enter a physical branch.

And CPBank has in that decade garnered much recognition and received a number of awards both locally and internationally.

In 2023, CPBank received the “Peak of Success – Best Retail Bank 2023 Award” from the World Confederation of Businesses and an “Honorable Mention as SME Financier of the Year – Asia” from the International Finance Corporation (IFC) and the SME Finance Forum.

For CPBank CEO Chaocheck, it is the leading Cambodian financial institution’s steadfast commitment to excellence, trust and innovation in a world of constant change that has set it apart.

“Our unwavering dedication to serving our customers with integrity and the personal touch has earned loyalty and admiration.

“Our achievements are testament to the collective efforts of an incredible team, who have gone above and beyond to provide unparalleled innovative financial solutions.

“We remain committed to providing our best-in-class service experience to all customers, while our legacy stands tall, inspiring others in the industry to redefine what it means to be a bank.

“And as we embark on the next decade of excellence, may the journey ahead be filled with ever greater achievements and milestones,” Chaocheck said.