Logo of Phnom Penh Post newspaper Phnom Penh Post - ATMs rise on new banks, rural cardholders

ATMs rise on new banks, rural cardholders

ATMs rise on new banks, rural cardholders

120209_08

Will Baxter/Phnom Penh Post
ATMs line the street in Phnom Penh.

Banks in Cambodia installed 87 new ATMs in the country in 2011 as branches and card holders continued a steady increase in and outside of cities, officials said.

The Kingdom had 588 telling machines at the end of last year, up from 501 in 2010, according to the National Bank of Cambodia.

NBC Chairwoman Nguon Sokha said foreign banks entering the Cambodian market, as well as the opening of rural ATMs, accounted for the increase.

Five foreign-owned banks, including industry juggernauts Bank of China and Industrial and Commercial Bank of China, entered the domestic sector in 2011.

A rise in technological savviness among depositors was followed by an increase in cardholders at ACLEDA Bank Plc, the country’s largest domestically owned bank, the bank’s senior vice president for marketing Sok Sophea said.

“Before, customers were not familiar with the technology. They didn’t know how to use the machines. But this is changing very quickly,” she said.

ACLEDA cardholders grew by about 20 per cent between 2010 and 2011 with about 414,600 active ACLEDA bank cards in the country at the end of the year, Sok Sophea said.

The bank has focused on rural customers. ACLEDA opened 26 ATMs in 2011, the majority of which were outside of cities, she said.

Malaysian-owned CIMB Bank, which entered Cambodia in late 2010, deployed three ATM last year for a total of 10, Pok Nivilay, a communications representative at the bank, said recently.

Pok Nivilay said CIMB was focusing on an affluent customer base in Cambodian cities.

Although the bank doesn’t have concrete figures for ATM installations in 2012, she said CIMB has discussed putting the machines at five-kilometre intervals in target areas of Phnom Penh.

MOST VIEWED

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman