Q: What type of financial institution is Asia-Pacific Development Bank Plc.?

Asia-Pacific Development Bank Plc. is a Commercial Bank licensed by the National Bank of Cambodia. Commercial banks in Cambodia are full-service financial institutions authorized to accept deposits, provide loans, conduct foreign exchange operations, and offer comprehensive banking services to both retail and corporate customers. The bank is structured as a Public Limited Company (Plc.), operating under Cambodia's banking laws and regulations. It is subject to prudential supervision by the National Bank of Cambodia, which sets capital requirements, lending standards, and operational guidelines to ensure the stability and soundness of the banking sector. The institution must comply with anti-money laundering regulations, customer protection standards, and financial reporting requirements established by Cambodian banking authorities.

Question 1

What is Asia-Pacific Development Bank Plc.?

Accepted Answer

Asia-Pacific Development Bank Plc. is a commercial bank operating in Cambodia, providing banking and financial services to individuals, businesses, and corporate clients. The bank is a licensed member of the Association of Banks in Cambodia (ABC) and operates under the supervision of the National Bank of Cambodia.

The institution is one of the commercial banks contributing to Cambodia's growing financial sector, which has experienced significant expansion alongside the country's economic development.

Question 2

When was Asia-Pacific Development Bank Plc. founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Asia-Pacific Development Bank Plc. headquartered?

Accepted Answer

Asia-Pacific Development Bank Plc. is headquartered in Phnom Penh, Cambodia's capital and largest city. The bank's head office is located at No. 132, Corner of Street 294 and Norodom Boulevard, Sangkat Tonle Bassac, Khan Chamkarmon, Phnom Penh, Cambodia.

This location places the bank along one of Phnom Penh's major thoroughfares in the Chamkarmon district, a key commercial and residential area of the capital.

Question 4

Where does Asia-Pacific Development Bank Plc. operate?

Accepted Answer

Asia-Pacific Development Bank Plc. operates throughout Cambodia, serving customers in Phnom Penh and other provinces across the country. The bank maintains a presence in Cambodia's expanding banking network, which serves a rapidly developing economy that has seen consistent growth in recent years.

Cambodia's banking sector has grown substantially, with commercial banks playing an increasingly important role in financial inclusion and economic development throughout the nation.

Question 5

What services does Asia-Pacific Development Bank Plc. offer?

Accepted Answer

As a commercial bank in Cambodia, Asia-Pacific Development Bank Plc. provides a comprehensive range of banking services:

Retail Banking:
• Savings and current accounts
• Personal loans and consumer financing
• Time deposit products

Corporate Banking:
• Business accounts and working capital financing
• Trade finance and letters of credit
• Project financing for commercial ventures

Digital Banking:
• Online banking platforms accessible via the bank's website at www.apdbank.com.kh
• Modern banking technology for account management and transactions
• Mobile and internet banking services

The bank operates in multiple currencies including Cambodian Riel and U.S. dollars, reflecting Cambodia's dual-currency economy.

Question 6

What makes Asia-Pacific Development Bank Plc. unique?

Accepted Answer

Asia-Pacific Development Bank Plc. is a signatory member of the Association of Banks in Cambodia's Sustainable Finance Principles initiative. This commitment demonstrates the bank's dedication to incorporating environmental, social, and governance (ESG) considerations into its lending and operational practices.

The bank operates in Cambodia's dynamic financial sector, which has benefited from strong economic growth averaging around 6% annually. Cambodia's banking industry has modernized rapidly, with increasing emphasis on digital services, financial inclusion, and sustainable development financing.

As a member of the ABC, the bank participates in industry-wide initiatives to strengthen Cambodia's financial system, improve banking standards, and expand access to financial services across the country.

Question 7

What type of financial institution is Asia-Pacific Development Bank Plc.?

Accepted Answer

Asia-Pacific Development Bank Plc. is a commercial bank operating in Cambodia, providing banking and financial services to individuals, businesses, and corporate clients. The bank is a licensed member of the Association of Banks in Cambodia (ABC) and operates under the supervision of the National Bank of Cambodia.

The institution is one of the commercial banks contributing to Cambodia's growing financial sector, which has experienced significant expansion alongside the country's economic development.

The bank is structured as a Public Limited Company (Plc.), operating under Cambodia's banking laws and regulations. It is subject to prudential supervision by the National Bank of Cambodia, which sets capital requirements, lending standards, and operational guidelines to ensure the stability and soundness of the banking sector. The institution must comply with anti-money laundering regulations, customer protection standards, and financial reporting requirements established by Cambodian banking authorities.

Question 8

How does Asia-Pacific Development Bank Plc. support Cambodia's development?

Accepted Answer

Asia-Pacific Development Bank Plc. contributes to Cambodia's economic development by providing financial services that support business growth, entrepreneurship, and individual prosperity. The bank's participation in sustainable finance initiatives aligns with Cambodia's development goals, including the government's vision for inclusive economic growth and climate resilience.

Cambodia has been working closely with international development partners, including the Asian Development Bank (ADB), to strengthen its financial sector and achieve its Vision 2050 goal of becoming a high-income country. Commercial banks like Asia-Pacific Development Bank play a vital role in this transformation by channeling capital to productive sectors of the economy and expanding financial access to underserved populations.

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Asia-P­acific Development Bank Plc.