The Cambodia Post Bank recently celebrated two years of operations, increasing efforts to improve our brand image in order to appeal to the growing affluent mass market, who are seeking financial products and services which reflect their lifestyle aspirations and confidence.
Our bank is well recognised for its sustainable fast growth and profitability, and is now the third-largest banking network among commercial banks in Cambodia. In addition, we were awarded the “Outstanding Emerging Retail Banking Bank Award” on June 25, 2015 by the International Data Group (IDG) ASEAN, and the“International Quality Crown (IQC) Award” from the Business Initiative Directions (BID) in London, United Kingdom, on November 22, 2015. The awards recognized the contribution of Cambodia Post Bank Plc in terms of leadership, quality and excellence.
As of October 2015, Cambodia Post Bank Plc has achieved $18.45 million in revenue. It has $240.35 million of total assets, a $157 million loan portfolio and a $180 million deposit balance. We have been serving more than 26,000 customers across 31 branches nationwide.
In 2016, Cambodia Post Bank PLC will expand its networks to 40 branches, and will launch new products and services. This includes a mobile banking service to respond to the needs of customers, and provide them with a convenient way of accessing banking services at their fingertips.
CP Bank is committed to improving quality in order to benefit all of our stakeholders. We aim to provide the best-in-class service to our customers, provide confidence to regulators that the bank is compliant with all rules and regulations, protect depositor funds with a reasonable rate of interest, provide a stimulating and fair environment to our employees, and provide reasonable shareholder returns. At the same time, we are working to build a strong, self-sustainable and scalable brand.
In order to support the growth of Cambodia Post Bank, shareholders have committed to inject more paid-up capital, with all profits retained to strengthen our solvency.