Bank of China Limited Phnom Penh Branch
BOC Phnom Penh Branch is a branch of Bank of China (Hong Kong) Limited (“BOCHK”). BOCHK is a major commercial banking group, one of the three note-issuing banks and the sole clearing bank for Renminbi (“RMB”) business in Hong Kong. We have strong market positions in all major businesses and enjoy leading edges in cross-border and RMB businesses. Bank of China (“BOC”) has been established for more than 100 years and is the most internationalised and diversified bank in China. As part of BOC Group’s overseas development strategy, BOCHK expedites its regional development into a top-class, full-service and internationalised regional bank.
Bank of China is the sole bank in China that continually operates on century, and is a leading commercial bank in the world. By end of first half year of 2012, the capitalization of BOC stood at USD 131.2 billion, ranked sixth among global public listed banks. The value of the bank’s brand was worth USD 21.9 billion, ranked 4th among all global financial institutions.
Bank of China Phnom Penh Branch was established in 2010, approved by the China Banking Regulatory Commission, a subsidiary wholly and directly owned by Bank of China Head Office. Bank of China Phnom Penh Branch holds a universal banking business license, which can operate all kinds of banking products and services in Cambodia and internationally. Currently focus on all sorts of account opening, deposits, loans, international settlement, trade financing, debit card business, global capital management, global remittance, financial institute business and Cambodia local clearing. Besides USD and KMR currency, we also have CNY, EUR, HK Dollar and etc. In addition, besides the two current operate channel, we provide powerful online banking.
Bank of Phnom Penh Branch attaches great importance to innovation and import new products, special products like: E-banking, Express Pay Card, RMB Business, CNY Pre-settlement Remittance, Smart Salary Remittance, Loan under Financing Guarantee and Commercial Property Mortgage Loan. Recently, Bank of China Phnom Penh Branch launched debit card and ATM service for the convenience of the customer.
Bank of China Phnom Penh Branch vigorously motivated RMB globalization since opening. Currently we have RMB deposit, RMB loan, RMB Remittent, RMB exchange and RMB L/G. We successfully promoted the first cross boarder RMB international trade settlement transaction between Cambodia and China on March 16th, 2011, and first RMB corporate loan business in 2012.
By the end of October 2012, Bank of China Phnom Penh Branch’s total asset is 414million, total liabilities is 363 million, deposit and loan amount are 331 million and 52 million. Total asset and total deposits ranks in top 10 among Cambodia 32 Commercial Banks.
Adhering to the “Bank of China” brand of excellence, international network, the global financial services strength, as well as to the understand in depth of Cambodia society and economy, Bank of China Phnom Penh Branch endeavor to provide full series commercial banking products and services to offer customer in Cambodia financial products with high quality and competitive price, to help enterprises in Cambodia to be greater and stronger, contributing to speed up Cambodia’s financial market growing internationally.
Please feel free to contact us with any queries or questions you may have. Your time is much appreciated.