Question 1

What is RHB Bank (Cambodia)?

Accepted Answer

RHB Bank (Cambodia) is a commercial bank operating in Cambodia as a wholly-owned subsidiary of RHB Bank Berhad, a major Malaysian financial institution. The bank is part of the RHB Banking Group, one of Malaysia's largest fully integrated financial services groups with a strong presence across the ASEAN region.

As a licensed commercial bank under Cambodian law, RHB Bank (Cambodia) provides a full range of retail and commercial banking products and services to individuals, small and medium enterprises (SMEs), and corporate clients. The bank aims to become a Top 10 bank in Cambodia and the bank of choice for SMEs in the country.

Question 2

When was RHB Bank (Cambodia) founded?

Accepted Answer

RHB Bank (Cambodia) was established on July 9, 2008, when it was registered with the Ministry of Commerce under registration number 00001812. The bank received its banking license from the National Bank of Cambodia (NBC) on October 3, 2008, and commenced operations shortly thereafter.

The bank originally operated under a different name before being renamed to RHB Bank (Cambodia) Plc. on January 31, 2020. This name change reflected the bank's integration into the broader RHB Banking Group corporate structure, which was established on June 13, 2016.

Question 3

Where is RHB Bank (Cambodia) headquartered?

Accepted Answer

RHB Bank (Cambodia) is headquartered in Phnom Penh, the capital city of Cambodia. The bank's corporate head office is located in OHK Tower in Phnom Penh's central business district and financial hub.

This strategic location in the heart of Cambodia's financial center provides greater accessibility to the bank's corporate and commercial clients. The headquarters relocated to OHK Tower in 2022 to better serve the growing needs of its customer base.

Question 4

Where does RHB Bank (Cambodia) operate?

Accepted Answer

RHB Bank (Cambodia) operates primarily in Phnom Penh and surrounding provinces. The bank has expanded from its original branch on Preah Ang Duong Street in Phnom Penh to a network of 12 branches located throughout the capital and provincial areas.

The bank employs more than 300 staff locally who serve customers across its branch network. As part of its growth strategy, RHB Bank (Cambodia) continues to expand its physical presence in key commercial areas to better serve individuals and businesses throughout Cambodia.

Question 5

What services does RHB Bank (Cambodia) offer?

Accepted Answer

RHB Bank (Cambodia) offers a comprehensive suite of retail and commercial banking products and services, including:

Deposit Products: Current accounts, savings accounts, and fixed deposit accounts for individuals and businesses.

Lending Services: Business loans, property loans, personal loans, and trade financing facilities for short, medium, and long-term needs. The bank has a particular focus on serving small and medium enterprises (SMEs).

Foreign Exchange Services: Foreign currency transactions, money exchange services, and international remittance services for cross-border transfers.

Digital Banking: The bank offers internet banking, mobile banking through the goWave Lite app, and the goWave by RHB website, which provides financial literacy resources including articles, video capsules, and financial tools for Cambodian young adults.

Corporate and Investment Banking: Transaction services, corporate finance solutions, and investment banking services through RHB Securities (Cambodia) PLC, which provides securities underwriting, initial public offerings, bond issuance, corporate loans, private placements, and equity and bond trading services.

Question 6

What makes RHB Bank (Cambodia) unique?

Accepted Answer

RHB Bank (Cambodia) distinguishes itself through its strategic focus on becoming the bank of choice for SMEs in Cambodia. This specialization sets it apart from other commercial banks that primarily target large corporate clients or mass retail banking.

The bank has invested significantly in digital financial literacy through its goWave platform. In 2021, RHB Cambodia launched the goWave by RHB website and goWave Lite app to boost financial literacy amongst Cambodian young adults. This innovative approach earned the bank two prestigious awards at the International Finance Awards 2022: Most Innovative Retail Bank and Most Innovative New Financial Literacy Mobile App.

RHB Bank (Cambodia) benefits from being part of the larger RHB Banking Group, which has a presence across 8 ASEAN countries and over 14,000 employees. This regional integration allows the bank to offer enhanced digital capabilities and access to the group's broader expertise in corporate and investment banking.

Question 7

What type of financial institution is RHB Bank (Cambodia)?

Accepted Answer

RHB Bank (Cambodia) is a commercial bank operating under the Cambodian Law on Commercial Enterprises and regulated by the National Bank of Cambodia (NBC). As a commercial bank, it is authorized to conduct a full range of banking activities in Cambodia.

This includes mobilizing and receiving deposits, providing loans and advances, conducting foreign exchange transactions, offering trade finance services, and providing various other banking services as approved by the central bank. The bank operates under a full commercial banking license, which allows it to serve retail customers, SMEs, and large corporate clients.

Question 8

What is RHB Bank (Cambodia)'s parent company?

Accepted Answer

RHB Bank (Cambodia) is a wholly-owned subsidiary of RHB Bank Berhad, a public limited liability company incorporated in Malaysia. The ultimate holding company is RHB Banking Group, which is one of Malaysia's four largest fully integrated financial services groups.

The RHB Banking Group traces its roots to 1913 when Kwong Yik Bank Berhad, Malaya's first local bank, was established. Through a series of mergers in 1997, 1999, and 2003, the group evolved into its current structure. RHB Banking Group has a regional presence spanning 10 countries in the ASEAN region and operates core businesses including Group Community Banking, Wholesale Banking, Shariah Business, International Business, and Insurance.

RHB Bank (Cambodia)

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About RHB Bank (Cambodia) in Cambodia