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Financial Analize of Canadia Bank

In: Business and Management

Submitted By Saray
Words 2388
Pages 10
Canadia Bank’s History

Canadia Bank Plc. was established on 11th November 1991 as “Canadia Gold & Trust Corporation Ltd.”, joint-venture between Cambodian - Canadians and the National Bank of Cambodia (Central Bank of Cambodia). The bank’s management consisted of former staff of the National Bank of Cambodia and its Cambodian–Canadian shareholders.

The main activities were based on gold transactions, gold plaque manufacturing and lending to local merchants. On 19th April 1993 the name was changed into CANADIA BANK LTD., licensed as a Commercial Bank with the National Bank of Cambodia and registered with the Ministry of Commerce. On 16th December 2003 the name of the bank changed into CANADIA BANK PLC. (Public Limited Company).

Since privatization in 1998 the Bank has become the largest local bank in Cambodia. With a worldwide network of correspondent banking relationships and a solid base of local and international customers CANADIA BANK PLC holds commanding market shares in loans as well as deposits. The bank offers a wide range of financial services through its Head Office and its 23 branches in Phnom Penh and major cities throughout the country. Strong expansion plans call for a total branch network of 28 branches until the end of 2008.

Canadia Bank’s mission

The mission of the Bank is to be a leader of Cambodia’s financial industry.

To achieve this mission, the Bank has continued to improve its customer services by introducing new and innovative financial products and services to meet its clients needs.

With the support of international banking- and donor institutions (Technical Assistance) capacity building and human resource development is constantly upgraded and improved in order to achieve and maintain international standards.

Canadia Bank Plc.Separate Income Statement | For the Year Ended December 31, 2009 and 2010 | |...

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