You will find the log in to Foreign Trade Bank of Cambodia by logging into to their website home page https://ftbbank.com/en/ the login box is located in the upper right corner of the home page under ibanking. Click on ibanking, select business or personal, depends on the type of the account you have with Foreign Trade Bank of Cambodia. Enter your user id, then press continue. enter your password and login to your account with Foreign Trade Bank of Cambodia.
The Cambodian Foreign Trade Bank (FTB) after opening a new branch in Kandal province, have raised its total to 14 branches across the kingdom. It provides a variety of banking solutions via its Phnom Penh head office and 261 offices across Cambodia. Canadia Bank, located in Phnom Penh, provides a broad range of financial services through 57 branches. Canadia Bank is one of Cambodias largest locally owned banks by deposit and lending market share.
Established in 1996 as Advanced Bank of Asia Limited, ABA Bank provides a range of banking products and services to client segments including individuals, micro-enterprises, and small-to-medium enterprises. It operates a network of more than 50 branches and 100 self-banking kiosks, in addition to 210 ATMs across Cambodia. Bank of China holds a Universal Banking License, which allows it to offer various banking products and services across Cambodia and in other countries. Its offerings include deposits, loans, commercial financing, international settlement, global capital management, and local clearance.
It provides a range of personal and commercial banking services, including savings, fixed deposits, loans, trade finance, money transmission, overdrafts, and foreign exchange.
Bank services include managing foreign currencies, conducting international settlements, making loans for foreign trade, and protecting national currencies and government assets. FTB provides various products and services like loans, savings, international wire transfers, commercial financing, Internet Banking, Mobile Banking, Cash Management, and several other banking services. FTB is the first commercial bank to focus on financial products and services for the middle-market and larger businesses.
Other shareholders of FTB include the bank Canadia (originally 30%) and the businessman Ung Bun Huw (originally 20%). In March 2011, Canadia Bank sold the remaining 1,522 shares to the 2 private shareholders, equally.
Its bank licence was the first licence granted that allowed the FTB to function as an autonomous corporate body, separate from direct central bank governance. As the privately owned Cambodian commercial bank, FTB has provided customers with secure and reliable banking services for nearly 40 years. The Bank was established following the sub-decree No. The bank has developed an active role both locally and internationally, performing banking and business functions that contribute to rebuilding Cambodias economy. In March 1980, a Foreign Trade Bank was established for international payments, expanding trade, providing international loans, and controlling currency.
The Cambodian Foreign Trade Bank provided names of sixteen banks from Western Europe, Canada, and Australia authorized to process such transactions. Private commercial banks provided commercial credit services, and had foreign correspondent banks in the U.S., Europe, Asia, and other countries. Banks are supposed to be managed by one chairman, assisted by one or more vice chairs, as needed, in positions corresponding to directors or vice directors in Cambodias national banks. Authorized financial intermediaries are legally established banks that are required to report the types of transfers, as well as outflows or inflows of capital, to the National Bank of Cambodia.
Article 13(1) of the Foreign Exchange Act 1997 requires that imports or exports of any means of payment of $10,000 or an equivalent value must be reported to customs authorities at the respective border-crossing points, and customs authorities must report this information to the National Bank monthly. Although currency transfers are currently unrestricted, the 1997 Foreign Exchange Law does authorize the National Bank of Cambodia to impose exchange controls if there is a crisis of currency; however, the law does not explicitly define what constitutes a crisis.
BIC codes act as a safeguard for many users from any risks that might trigger the rise of certain problems regarding banking transactions. People should use BIC codes of banks with sufficient care, to prevent many bank problems from occurring. SWIFT codes are used by the Swift network for the transmission of transfers (money transactions) and messages between banks and financial institutions around the world.
The DPRK Foreign Exchange Bank (Joson Commerce Bank) The DPRK is the main foreign exchange bank in North Korea, owned and operated by the government of North Korea.
As one of 10 regional members of ASEAN, Cambodia can expect to see a steady inflow of foreign banks over the coming months and years. The increasing foreign bank presence in Cambodia has been attributed to a large portion of the growth of credit, usually originating in overseas sources.
Going forward, foreign direct investment is expected to rebound, too, with political tailwinds continuing to weaken in Cambodia, assisting with credit supply within the banking sector. Given the strong recent fiscal indicators, the FTB should be able to view the next stage of growth for Cambodia with a sense of confidence.
FTB is also aware of the need to cover as large a segment of Cambodian citizens as possible, and has recently stated that it would continue to establish new branches at strategically favorable locations. The new branch in Battambang positions FTB within the city limits of Battambang, allowing the bank to cater to not just the average consumer, but some of the largest Cambodian agriculture businesses and rice millers. With that in mind, the bank opened two new branches in 2014, at Battambang and Phsar ThomThmey, which brought its total number of branches in Cambodia up to 10. With more than 1.7 million deposits at the end of 2017, it is also Cambodias largest bank by customer numbers.
In 2017, Cambodian Public Bank Plc reported one of the highest levels of paid-up capital of any commercial bank in Cambodia, with $90 million. It has divested most of its public ownership since 2005: Today, just 10% of the bank is owned by the government. The list includes Moscows Narodny Bank, which is in London, and a number of capitalist financial institutions, like the Societe Generale of France and Union des Bancs Suisses in Switzerland.
Last Updated on June 8, 2022
URL: https://log-in.me/foreigntradebankofcambodia-phnompenh-cambodia/