Author: admin cpb

CPBank is honored to inform customers and the public that in order to respond to the needs of our customers, the bank has recently moved to a new high standard, with a large parking space and a very comfortable environment. They are relocated to new locations as the below information:

Kampong Cham Branch
Located: National Road No 7A, 6 Village, Sangkat Veal Vong, Krong Kampong Cham, Kampong Cham province.
Tel: 070 6000 52
BM: Heng Sokoeun
Maps GPS: https://goo.gl/maps/bJWFN9doNjqGS2wf9

Prey Veng Branch
Located: National Road No 11A, 4 Village, Sangkat Kampong Leav, Krong Prey Veng, Prey Veng Province.
Tel: 070 6000 94
BM: Nao Seila
Maps GPS: https://goo.gl/maps/f4AwwXm5i8jZajCL6
More Info: 023 260 085
Thank you!

CPBank in collaboration with the Ministry of Industry and Handicraft in the Seminar on “Promote The Financial Management in Factory, Small and Medium Enterprise” on June 06th, 2019 at Phnom Penh Water Supply Authority.

We Believe in Our People and Inspire Our People in Belief of
Our Culture – “Do The Best Today for Being a Leader Tomorrow.” Our people are our most valuable asset. Nothing we do is more important than attracting, inspiring, and retaining talents to create long-term value for our customers, our shareholders and our communities.

We recognize the importance of each individual’s contribution to the value we created, and place the considerable emphasis on attracting and
empoweringthe best people to make these contributions. We attract people not just only their talents, but who embody the value of encouraging conviction and commitment.

The investment in skills and accelerating employees’professional and personal development which are the essential components of the Bank’s people agenda.

Acknowledging an employee’s performance and development as well as their personal contribution to overall CPB’s success is key that’s why we
always prioritize people promotion within the Bank. We always recommended any employee who been performed well and demonstrated the Bank’s value at all times and always contributed to the success of the Bank’s objectives the prizes, especially an opportunity for promotion to higher role within the Bank.

With this culture, most of our people appreciate and believe that if they do the best today, they will have an opportunity of becoming a leader tomorrow (in the future)!

Note: Please attach a copy of a copy of your ID

Within 5 years of operation, we are well recognized in the financial industry in Cambodia as being the 5th Bank in terms of branch network with modest sustainable growth among the Commercial Banks.

Under the strategic partnership among Canadia Investment Holding, Fullerton Financial Holdings and Cambodia Post of Ministry of Post and telecommunication, we are very privileged to leverage the expertise from the best practice in the region and customized that into local context to fit with the need of our customers.

The Bank has expanded the branch network to 45 by the end of 2018, which can be considered as the highest growth in terms of network expanding where the Bank has followed the best practice for operational risk management and independent risk function especially Credit underwriting. We have managed our operational risk well without any significant operational lost so far. Bank also follows the three lines of defense for its risk management where Audit is the third line of defense who are completely independent and directly reports to the board committee. Although Audit is capable enough to identify, monitor and mitigate the overall risk of the Bank, we are continuously enhancing the first and second lines to manage it better.

Advance bank technologies are always our strategic priority and we want to be at the forefront of digitization. We have our Core Banking System, ATM and Mobile Banking from the early stage and we are also the pioneer member of the FAST Payment System and Cambodia Shared Switch. Credit Score Card, Loan Origination System, and Collection Management  System are under deployment which will enhance our operational capabilities to provide better customer experience.

We will also launch Credit Card with VISA in early 2019 which will be convenient for our customers for their lifestyle needs. Bank has acquired Funan Micro-finance in 2017 in order to deepen into the market by utilizing our experience and expertise. We have already grown Funan to three folds and it’s now the 3rd Micro-finance Institute (MFI) in terms of asset size in Cambodia. On the other side, Bank has created the SME
department in 2018 to serve the larger enterprises in
Cambodia.
Our human capital is fully equipped with capacity and well trained where we also provide a suitable benefit package
following the best practice of Performance-based Payment structure. We also have a clear Career development program
along with retention management plan which is well
appreciated and make CPBank as one of the best choices
the employer in the industry.
All of our financial indicators are improved compared to last year performance as below:
▪ Total revenue increases by 35%
▪ Revenue per staff increases 20%
▪ Net Profit before tax increases 64%
▪ Cost of deposit decreases (9%)
▪ Cost to income ratio decreases (10%)
We are looking forward to being one of the top 5 Commercial Banks in Cambodia by total assets and continuous enhancement
of our Best in Class Customer Service and evolving information
technology towards digitalization leveraging the expertise from our shareholders.

In the midst of financial, economic and environmental challenges, CPBank has completed yet another eventful year where we continued our journey towards digitization and growth. During the year 2018, CPBank experienced notable improvements in key fundamentals with our countrywide network of 45 branches, 40 ATMs and diversified service delivery channels. We also maintained a comfortable liquidity and capital position throughout the year. As a young commercial Bank in Cambodia, CPBank always bridging the financial gaps with innovation and technology that enable us to provide easy and convenient banking services to our customers. This convince me that CPBank is securing the place for future. As Chairman of the Bank, I would like to present the CPBank’s progress in the year 2018.

You all will agree with me that banking landscape in Cambodia has changed from its previous which is in line with the age of unprecedented and disruptive change happening in the world. These changes are mostly powered by digital technology which creates lots of challenges and opportunities in this evolving
operating environment. This digital technology also democratizes the financial services and bringing incomparable convenience to our consumers at the click of a button.

As an institution CPBank is deeply rooted in Cambodia and has its responsibility towards the nation. CPBank aims to bring more digital banking services in the pursuit of technology to make banking simple, convenient and accessible while we will keep the existing brick and mortar network across the country.

We are also committed towards the environment and sustainability.
CPBank has already adopted Environment and Social Management policy for sustainability for onward implementation in 2019. CPBank has generated modest growth in portfolios along with strong profitability ratios in 2018. CPBank’s consolidated total asset size stood at US$ 775 million as of 31st December 2018. The consolidated loan book of CPBank has increased by US$ 141 million (39%) and deposit from customers rose by US$ 151 million (42%). With 47% growth in consolidated operating income over 2017, CPBank’s Profit before Tax stood at US$ 17.2 million registering a growth of US$ 6.5 million (61%) over 2017.

Bank’s subsidiary Funan Microfinance also delivered a fantastic growth in 2018 where their loan portfolio has grown to US$ 46  million by 31st December 2018 (62% growth over 2017). Funan’s net operating income also grown ~70% in 2018 where net profit increased to US$ 1.7million from its previous year’s US$ 35 thousands.

As a financier CPBank always is in line with the Royal Government of Cambodia’s aim to bring the finance system in Cambodia up to international standards. CPBank has kept the same focus of financing either to business or individual but to ensure enhancing economic growth which ultimately contribute to macro-economic stability. CPBank is a banking institution that always working with the vision “to be the best mass market bank that enriches
lives and fulfills the growing aspirations of the people of Cambodia and create sustainable value for shareholders, employees and society”.

The Cambodian economy has expanded rapidly. Macroeconomic and financial stability remain resilient despite some challenges. Garment, Construction and tourism sectors continue to grow double digit rate given the favorable economic growth and the support of expansionary fiscal policy, proper monetary policy and positive development in banking and many other sectors. Despite US-China trade tensions and monetary policy normalization in some advanced countries, global and regional economies have continued to expand and provide good opportunities for Cambodia. Foreign direct investment inflows continued to increase at a robust rate (12%), particularly in Banking, real estate and garment sectors. The foreign reserves are projected to increase to US$ $11.3 billion which is equivalent to 5 months of imports of goods and services. Price and exchange rate have remained favorably stable at 4,050 Riel per USD. Inflation continued to be low at around 2.5% due to a slower increase in food price (2.7%). Cost of production in Cambodia
remain high due to lower economies of scale, limited infrastructure links, lack of electricity distribution network along with high cost and the increase in minimum wage, etc.

Cambodia may face with the withdrawal of “Everything but Arms” (EBA) scheme from the European Union (EU) which was announced in October 2018. Despite Cambodia has challenges  due to external and internal factors, Moody’s affirmation on retained Cambodia’s B2 sovereign rating with a  stable” outlook for 2019 will bring more confidence for investors in both debt and equity investment in Cambodia’s market.

The Cambodia’s banking system continued to grow robustly and contributed to sustainable and inclusive economic growth in tandem with the government policies. NBC has paid close attention to strengthening financial stability while financial inclusion has been promoted particularly in current situation where credit is still growing rapidly while the global financial market conditions remained uncertain. To maintain financial  stability, macro-prudential measures have been carefully implemented on banks and microfinance institutions to gradually reduce credit growth which is expected at ~17% in 2018 which was 75% in 2007, declined to 31% in 2014, to 23% in 2016 and 21% in 2017 and financial inclusion will continuously grow, boosting economic activity and reducing the poverty rate.

It is indeed a great privilege to lead this growing Bank and to help drive Cambodia’s economic growth and development.  I am grateful to all the regulatory agencies of the Government, in particular the National Bank of Cambodia, General Department of Taxation, Ministry of Economy and Finance, for all of their continued support. I would also like to take this opportunity to thank the members of the Board of Directors for their valuable guidance and support to the Bank.

I also want to look back on 2018 with gratitude to all our clients and employees and look forward to 2019 with optimism and confidence. I must affirm that the Board and management are on track towards executing Bank’s strategy and focus on delivering value to our shareholders, customers and the community we are operating.

In celebration of the 39^th anniversary of Khmer Riel Day, CPBank has always been actively involving in promoting the use of Khmer Riel in all its businesses.

CPBank has been working with the National Bank of Cambodia (NBC) and other financial institutions to create a new service called “FAST” which allows customers of Banks and MDIs can do cross transactions of transfers and payments in KHR across the country. At the same time, the bank has launched a Cambodian Shared Switch (CSS), which allows customers to use ATM cards to withdraw or pay through all ATMs of the members’ banks or deposit-taking MDIs across the country such as CPBank, Prasac MFI, Amret MFI, Sathapana Bank Limited, and ACLEDA Bank PLC.

CPBank also urges the use of the Khmer Riel in all transactions of its services such as Loan, Deposit, Money Transfer, ATM, Mobile Banking, Payroll Service, and other services.

As also highlighted in the achievement as of February 2019, CPBank has reached its loan portfolio in Khmer Riel Currency up to 8% of its total loan portfolio. As per NBC’s Prakas, each bank or financial institution shall achieve a minimum of 10% of Khmer Riel Currency of its total loan portfolio by the end of 2019.

In celebration of the 39^th anniversary of Khmer Riel, CPBank wishes NBC and all related authorities a prosperity, happiness, joyful and fruitful successfulness.

At the same time, CPBank gratefully acknowledges customers who have been continuing to use the bank’s services and wishing all customers successfulness and prosperity; and continue to grow together with CPBank ​sustainably.

Phnom Penh, March 15^th, 2019:

Based on the high commitment and effort of CPBank to provide financial service to all Cambodians even better and more convenient, especially managing their cash and payment fast and easily, CPBank is kindly announcing that CPBank – Krong Ta Khmau Branch will relocate to the new building as the information below:

New Building locates on National Road No 2, Thmei Village, Sangkat Ta Khmau, Krong Ta Khmau, Kandal Province.
Old Location: #5A-6A, St. 21, Phoum Thmei, Sangkat Ta Khmau, Krong Ta Khmau, Kandal

Krong Ta Khmau Branch is the CPBank’s branch which is equipped by modern material and professional staff for consultation about banking products and services.

This Building Ceremony, CPBank donates Benches to Ta Khmau city hall for contribution to social development through public order sector enhancement in addition to the amusement park project.

 

CPBank is delighted to help promote public order sector in the country. The handover ceremony of benches donation today demonstrates our corporate social responsibility.

CPBank has allocated our profit to our communities through many social development projects such as Kunthak Bopha Charity from staff salary, donating for social and charity activities in Cambodia.

Cambodia Post Bank widely known as CPBank is one of the largest top 10 commercial banks in Cambodia has launched a Local Fund Transfer Service, which supports from clients since 2013.

In order to provide more convenience to customers, the bank is pleased to announce to all valued customers that, nowadays you enjoy FREE Money Transfer to your family, friends or business partner anywhere via CPBank Money Transfer Service.

CPBank strongly hopes that this offer will provide an easy, fast, and secure way for local money transfer.

Many countries in the world, including Cambodia, have considered March 8 a holiday to celebrate International Women’s Day to recognize the freedom of women.

On the occasion of the 108th Anniversary of International Women’s Day, March 8, 2019, CPBank will provide a krama to female staff and female clients on March 7, 2019.

All CPBank’s branches will celebrate this event by presenting Khmer Scarf to female staff and female client with the slogan “CPBank valued and respected women with happiness in a whole life” or another slogan.

Congratulations to the Winner of Top-up to win via CPBank’s Mobile Banking as the following name below:

1. Loem Koemheang (Prize $100)
2. Buth Kerady (Prize $50)
3. Nhean Chanmesa (Prize $30)

The list name below get the prize $5:

Phnom Penh, Cambodia– January 24, 2019-  Cambodia Post Bank PLC widely known as CPBank is one of the largest top 10 commercial banks in Cambodia to provide the best mass market and SME that enriches lives and fulfills the growing aspirations of the people of Cambodia and creates sustainable value for shareholders, employees, and society.

CPBank, Funan MFI and DaraPay celebrates Official Partnership Signing Ceremony on Offering Loan Repayment Service. This event as an additional distribution channel to make loan repayment for their customers. This signing ceremony took place at Dara Airport Hotel witnessed by more than 100 national and international participants from the three respective institutions, key management and members of press.

Through this partnership, customers will be able to conveniently and securely make loan repayment in either KHR or USD via more than 2,700 DaraPay agents nationwide. Without spending time visiting CPBank or Funan MFI branches, customers can repay their loan at any DaraPay Agents located at the nearest to their home or workplace.

Commenting on the occasion, Mr. Phok Ratha, General Manager of DaraPay said, “DaraPay has a positive view on Cambodia market and this year it aims to dominate mobile payment segment in the market. Today agreement with CPBank and Funan MFI on loan repayment signifies our strong commitment to deliver our vision. The type of financial solutions that are in our key pipeline for 2019 includes growing financial ecosystem that enables customers to utilize our financial products — ranging from loan referral, loan disbursement, collections and supporting branchless banking and under-banked customers.”

 

“As a leading microfinance institution in Cambodia, Funan MFI aims to promote the livelihood and business growth of the Cambodian people in the rural provinces and cities. Today agreement with DaraPay indicates our commitment to provides the easy, fast and convenient payment solutions to the Cambodian people,” said CEO of Funan MFI, Mr. Khou Buntry.

 

Mr. Toch Chaochek, CEO of CPBank said, “Through this partnership, our customers can repay loan back to CPBank with DaraPay agent nationwide easily and conveniently. Additionally, this new service will support customer that need to repay the loan during holidays or weekend when the branch closed. In addition, customers can also settle the payment through DaraPay App providing another level convenience and safe option. Alternatively, DaraPay App users can do fund transfer from its CASA account via CPBank mobile banking App from and to DaraPay App with free of charge anywhere, any time at their own convenience.”

About CPBank:

CPBank is a full licensed commercial Bank that was established and officially launched in September 2013. Presently, CPBank has steadily grown it’s in the financial sector by maximizing its benefits, facilitating business partners and customers through FinTech investment such as:

• A member of FAST system
• Inter-bank by CSS (Cambodian Share Switch)
• Install 60 ATMs across the country
• Be more convenience on Mobile Banking
• Expand 52 operation networks

CPBank grows Capital Asset to 740million US Dollar and 1,500 staffs with Return on Euity (ROE) to 13.70%.

Moreover, CPBank will make a significant effort to maximize its potential to ensure its convenience banking services to consumers and the public in 2019, such as providing Visa Credit Card, functionality enhancement of mobile banking and the implementation of the Loan Origination System (LOS).

CPBank is committed to build such a culture where code of ethic and standards will be given with the highest value. We keep improving the excellence customer service, innovative products & services to enrich lives and fulfills the growing aspirations of the people of Cambodia.

Siem Reap, 5-6^th January 2019 —Cambodia Post Bank PLC widely known as CPBank is one of the largest top 10 commercial banks in Cambodia. Recently CPBank conducted its 4^th General Assembly at Somadevi Angkor Hotel in Siem Reap where all management from all over the country attended at this remarkable event of the year.

The objectives of the 4^th General Assembly are to celebrate the achievement of the year 2018 and to set the business strategies for 2019. A day long leadership and profitability management training session has also been organized for all management to enhance the bench strength. All outstanding Credit Officer and Branches are also awarded for their extraordinary performance in 2018 during the event.

During the award ceremony, Mr. Toch Chaochek, Chief Executive Officer of CPBank given his speech and he said, “I would like to take this opportunity to thank our most valued clients, staff, well-wishers and most honorable shareholders in whom we take pride. Without your continuous support and inspiration, we would not be standing where we are today. I also acknowledge the contribution of the National Bank of Cambodia for giving us continuous guidance and support.

2018 was a brilliant year for us and everyone contributed their best towards the achievement, but 2019 will be an exciting year in the midst of challenging economic environment and increasing competition in the financial industries. I want the team to be energized for the New Year with the year-end momentum and keep the good work up, so that we can achieve the set objective and take the bank to a newer height.

I sincerely appreciate the guidance of our honorable Board of Directors, who have always not only provided us the right directions but also given us operational independence to perform our duties meticulously. Last but not the least, I am very thankful to all my staff and management team who are always very committed for the Bank. Without you it would have not been possible to reach that brilliant height that we are at today.”

General Assembly 2019 Video Documentary:

Now CPBank got the winners of Download to Win as the list below, they are our value clients from every city and province.
   The winner of Giant Bikcycle from Obek Kaom Branch.

The winner of HD TV 32″ from Takhmau Branch.

The winner of Refrigerator from Daun Penh Branch.

Wow! download to win Bike-cycle, LED TV 32″, Refrigerator, CPBank Mug and 3D Movie Coupon from CPBank Mobile Banking in every month.

The winners will announce at the end of month through CPBank’s official Facebook page by lucky draw selection.

Online Banking Request

By foreseeing the number of mobile subscribers compared to total population has been aggressively increasing, CPBank developed a convenience, faster and more reliable mobile banking service to meet customer needs.

Everyone are convenience and faster to request a Mobile Banking Service via your smart phone.

Download Now:
IOS: https://goo.gl/YaYwDm
Android: https://goo.gl/CFoS1y

Top Up To Win is the CPBank campaign for every client challenge to win.
We will announce the winner on 31th January 2019.
#CPBank_MobileBanking
#Infinite_Possibilities.