Cambodia

The Association of Banks in Cambodia 1, Kramuon Sar Street Phnom Penh Cambodia Tel: 855 23 218 610 Fax: 855 23 224 310 Email: secretariat@abc.org.kh Mr Phan Ying Tong, Chairman Mr Stephen Higgins, Vice Chairman Mr Chrek Sothea, Liaison Officer

Chairman	Mr Phan Ying Tong Country Head Cambodian Public Bank
Vice – Chairman	Mr Stephen Higgins Chief Executive Officer ANZ Royal Bank
Members	Mr In Channy - President & CEO, ACLEDA Bank Mr Khov Boun Chhay - President & CEO, Cambodia Mekong Bank Mr Charles Vann - Executive Vice President, Canadia Bank Mr Jubely Bin Pa - General Manager, Maybank Phnom Penh Mr Andy Kun - President & CEO, Singapore Banking Corporation Oknha Yum Sui Sang - Chief Executive Officer, Union Commercial Bank Mr Yip Soreiyos - General Manager, First Investment Specialized Bank Mr Chea Phalarin - Chairman, Cambodia Microfinance Association

Campu Bank moved to its 12½ storey corporate office building which is centrally located in the prime business district of Phnom Penh on 18 September 2009 to provide a complete “one-stop” banking service for its customers.

The corporate building is equipped with the latest state of the art technology and security system, spacious banking hall and ample 2 ½ storey basement car park facilities for 100 vehicles. Most of the floors have been occupied for the Bank’s internal use and also used as an in-house Training Centre, Credit Card Center as well as residence for staff, whilst the remaining two floors have been reserved for future expansion of the Bank.

CampuBank Lonpac Insurance, a subsidiary of Campu Bank, also moved to the corporate office building on 17 October 2009. The insurance company offers a wide range of general insurance services to the public.

Mr Harjindar Singh from Maybank Kuala Lumpur, is now one of our regular trainers. On 17 & 18 December 2009, participants at the Cambodia Institute of Banking, Phnom Penh, attended a 2-day course on Liquidity Risk Management. It was a fairly new topic for some of the participants who were very enthusiastic and participative. As the National Bank of Cambodia will be requiring all Banks to have a Risk Management Committee soon, this training course was definitely a good start. Some of the participants have requested for more training sessions on selected topics, especially Asset & Liability Management.

The Association of Banks in Cambodia and ABA would like to record their appreciation to Maybank, Kuala Lumpur for releasing Mr Singh to conduct the training. ABA would also like to thank Mr Singh for his continuing enthusiasm to share his knowledge and experience with the banking community in Cambodia.

Maybank opened its fourth branch in Siem Reap, Cambodia, adding to its international network of over 400 offices in 13 countries.  In addition, it has 384 branches in Malaysia as well as associates in Pakistan (the MCB Bank) and Vietnam (AN Binh Bank).

Maybank’s Head of International, Mr Abdul Farid Alias, commented that the opening of the branch in Siem Reap is part of the Bank’s strategy to tap the growth potential of the region as well as to support the development of the business and tourism sectors there.  The Siem Reap branch will offer full banking facilities and services including deposits, mortgage financing, deposit, remittance services as well as foreign services.

In view of the very positive response to the Credit Appraisal Evaluation & Analysis Seminar conducted by Ms Magdeline Chia, ABA had once again invited Ms Chia to conduct a similar course in Phnom Penh on 28 & 29 September 2009. Ms Chia is a regular contributor towards the continuing education of our members. She had previously conducted similar seminars in Hanoi and HCMC. This seminar is the second one that she has conducted in Phnom Penh this year. All the seminars were very well attended by participants from various banks, and the attendees had given very positive feedback on the training.

The seminar covered two main areas:
1) Credit Appraisal

(i) Credit risk
(ii) Market risk
(iii) Price risk
(iv) Product risk
(v) Documentation risk

2) Financial Statement Analysis

(i) Qualitative analysis
(ii) Quantitative analysis

Ms Chia’s concise delivery of the concepts, coupled with the written exercises, helped to reinforce the participants’ understanding of this very important topic on credit appraisal and analysis.

The Association of Banks in Cambodia and ABA would like to record their appreciation to Ms Magdeline Chia for generously setting aside time and effort to impart her knowledge.

The Association was formed in 1994 and is recognised by the Royal Government as the official organisation to represent the country’s private banking sector. Our purpose is to promote constructive dialogue among member banks and to serve as an industry voice to the public and the Government.

Our membership now consists of local and foreign owned banks and branches. Membership in the Association is required under chapter XXII of the new Law on Banking and Financial Institutions, which states that all banks operating in Cambodia must belong “to a single professional association whose Articles of Association shall have been endorsed by the supervisory authority.”

The Association meets at least once a month, and more often if required by urgent matters. We also have regular working committees that focus on specific issues.

Since 1998, the Association has been an active member of the ASEAN Bankers Association and participates in all of its meetings and functions.