On July 4, 2024, MB Bank (Cambodia) PLC, a subsidiary of the MB Group, received prestigious recognition from the esteemed International Asian Banking & Finance magazine. The bank was honored with two significant awards: the “SME Financial Inclusion Initiative of the Year - Cambodia Award” and the “Mid-Sized Domestic Retail Bank of the Year - Cambodia Award”. 

The awards ceremony, held on 4 July 2024 at Marina Bay Sands Expo & Convention Centre in Singapore, was a grand celebration of outstanding banks and financial institutions, recognizing our achievements in performance, innovation, and client dedication. This prestigious event, renowned as the most significant gathering of senior banking executives across Asia, marked the largest-ever awards dinner in the history of the Asian Banking & Finance Awards with nearly 400 guests in attendance. It also received the highest number of nominations since its inception, highlighting the growing significance and competitive spirit within Asia's banking and finance sector. Participants were evaluated by a distinguished panel from EY, Bain & Co., Deloitte, and PwC, ensuring a meticulous selection process and honoring the most deserving institutions.

Asian Banking & Finance (ABF), a leading industry magazine dedicated to Asia’s dynamic financial services sector, features in-depth analyses, profiles, and sector reports relevant to the commercial, retail, and investment banking industries across Asia.

MB Bank (Cambodia) PLC was honored with this award, showcasing our exceptional performance and dedication to innovation and client service in and its unwavering commitment to supporting retail banking and SME customers with Hight quality innovative products, services such as My Bank App, Term Deposit, Home Loan, Car Loan, Consumption Loan, SME loan, Corporate Loan, Overdraft Loan, Bank Guarantee, Remittance, Trade Finance and community development in Cambodia.

MB Bank (Cambodia) PLC began its journey in Cambodia in 2011. After operating for 12 years as a branch of MB Bank, one of Vietnam’s top banks, MBCambodia transitioned into a fully independent commercial bank in January 2023 with full investment from the MB Group. In its first year as a commercial bank, MB Bank (Cambodia) PLC achieved remarkable growth, exemplifying its dedication to Cambodia’s economic development. 

In 2023 alone, MBCambodia’s assets grew by 71.4%, and deposits by 52.6%, loan disbursement USD 133.9 million achieving a 73.4% increase in credit extension compared to 2022. Of this, 60.4% was allocated to retail customers and 39.6% to corporate clients. all while maintaining an impressively low NPL ratio of 0.5. The bank’s loan portfolio, primarily focused on production and business loans, underscores its commitment to supporting Cambodian enterprises and driving the nation’s economic growth. 

In Q1 2024, the bank continued its growth trajectory, a 45.8% increase in deposits, total assets saw a 25.6% increase from the previous year and loan disbursement to USD140.6 million.

Looking ahead to Q2 2024, MBCambodia aims to become the most convenient bank through advanced digital technologies. The bank plans to invest significantly in IT infrastructure to enhance customer experience and expand its CRM system for automated banking services. Additionally, the bank remains committed to sustainable development and community engagement, with ongoing participation in charitable activities and social initiatives aimed at improving the lives of Cambodians.

Mr. Nguyen Anh Khanh, CEO of MB Bank (Cambodia) PLC, expressed his gratitude for the awards, stating, “These prestigious recognitions are a testament to the hard work, dedication, and collaboration of the entire MB Bank (Cambodia) PLC team. We are dedicated to providing high-quality financial products and services to our retail and SME customers. We extend our heartfelt thanks to our staff, customers, and partners for their unwavering support and trust. We are committed to strengthening economic, political, and social ties in Cambodia and fostering robust economic bonds, trust, mutual support, and assistance.”