Phillip Bank

What Phillip Bank does

Phillip Bank Plc is a Phnom Penh-headquartered commercial bank operating 70+ branches across Cambodia, serving retail, SME, corporate, and premier banking customers under license from the National Bank of Cambodia. The bank was established in 2009 as Hwang DBS, acquired and rebranded by Singapore's PhillipCapital Group in 2014, and substantially scaled through its January 2020 merger with KREDIT Microfinance Institution. Headcount stands at 1,700+ employees (per the 2026 CEO message) and assets under management are disclosed at approximately USD 849 million.

The bank's product surface spans personal banking (savings, current and term deposit accounts, housing, car, personal, education, home improvement, consumption, and agriculture loans), SME and corporate banking (micro SME, small business, corporate loans, trade finance, factoring and supply-chain financing, banker cheques, and payroll services), premier banking (Phillip Priority), and distribution of insurance products from group affiliates (Phillip General Insurance, Phillip Life Assurance, Phillip Trustee). Interest income on loans and advances is the primary revenue engine, complemented by loan origination fees (typically 1% of approved limit), transaction and transfer fees (0.1% on local cross-bank transfers, tiered international remittance fees), payroll services, and bancassurance commissions.

Phillip Bank's technology stack centers on two in-house-developed digital platforms: Phillip Mobile, the retail mobile-banking application enabling account opening, transfers, bill payments, cardless withdrawals, virtual Mastercard issuance, and international remittances; and Phillip Business, a commercial platform with maker-checker workflows, mobile approvals, and bulk payroll processing. Both platforms integrate with Cambodia's national Bakong/KHQR payment infrastructure, supporting universal QR acceptance across 14 partner banks. Channel distribution combines physical branches with digital self-service, supported by correspondent banking relationships with UOB, OCBC, DBS, and Kookmin Bank for cross-border payments. The bank is led by CEO Chan Mach (formerly CEO of KREDIT Microfinance, 2006–2019) under Chairman Lim Hua Min.

Name

Phillip Bank

Legal name

Phillip Bank Plc

Website

https://phillipbank.com.kh

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

251–500 employees

Short description

Phillip Bank Plc is a Phnom Penh-headquartered Cambodian commercial bank operating 70+ branches and serving retail, SME, corporate, and premier banking customers through in-house digital platforms (Phillip Mobile, Phillip Business) integrated with Cambodia's national KHQR and Bakong payment systems.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221), Credit Card Issuing (52221)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Commercial banking services
• SME lending
• Retail banking
• Digital payments
• Trade finance

Headquarters

HQ city

Phnom Penh

HQ country

Cambodia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Primary revenue source from interest rate spreads on loans and advances. The bank offers various loan products including housing loans (from 6.25% p.a.), car loans (from 8% p.a.), personal loans (from 12% p.a.), SME loans, corporate loans, and agricultural loans. Interest is calculated and paid on deposit accounts at competitive rates.
2. Loan Origination Fees: Processing fees charged on loan approvals, typically 1% of approved loan limit. Revenue generated from mortgage, auto, personal, education, and business lending operations.
3. Transaction and Transfer Fees: Fees from domestic transfers (0.1% of transferred amount), international remittances (digital from $0.99, OTC from 0.11% + cable fees), ATM withdrawals at partner banks, account maintenance, and foreign exchange transactions.
4. Payroll Services: Revenue from corporate payroll processing services, including bulk salary disbursements, EFT transfers to other banks, and OTC payroll processing. First-year fee waiver for OTC processing with subsequent standard fees.
5. Bancassurance Distribution: Commission revenue from distributing Phillip General Insurance and Phillip Life Assurance products through the bank's digital channels and branch network, including bundled insurance with savings accounts.
6. Card Services: Revenue from CSS debit card issuance, annual fees, card replacement charges, and transaction fees. Virtual Mastercard provides fee-free digital payments.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

Phillip Bank is a Cambodia-based commercial bank delivering retail, SME, corporate, and premier banking services through 70+ branches and in-house digital platforms (Phillip Mobile and Phillip Business). It provides deposit accounts, personal/SME/corporate loans, trade finance, payroll processing, KHQR-based merchant payments, debit cards (CSS and Virtual Mastercard), international remittance, and digital bancassurance under the PhillipCapital Group ecosystem.

Product overview

Phillip Bank operates a comprehensive digital banking ecosystem in Cambodia comprising multiple integrated platforms and financial products. The core digital infrastructure includes Phillip Mobile (mobile banking app for personal customers) and Phillip Business (commercial banking platform for business customers), both built in-house. These platforms enable QR payments via the national KHQR standard and Bakong system, digital account opening, virtual card issuance, international remittances, and comprehensive transaction management. The product portfolio spans personal banking (savings, current accounts, term deposits, personal/education/housing/car/consumption loans), business banking (SME/corporate loans, trade finance, factoring, payroll services, Business KHQR merchant payments), and premier banking services. Key differentiators include Cambodia's first digital bancassurance, bank-agnostic ATM network, virtual debit Mastercard, and the Savings Vault product with enhanced fraud protection.

Differentiator

Problem solved

Functional benefit

Brands

• Phillip Mobile: Mobile banking application for personal and business banking services including transfers, payments, and account management.
• Phillip Business
• Phillip Priority

Products and services

• Phillip Mobile Mobile banking app for individual customers offering account management, fund transfers, bill payments, cardless ATM withdrawals, digital onboarding, virtual card issuance, insurance purchases, and international remittances accessible 24/7.
• Phillip Business Digital commercial banking platform for SMEs and corporations providing single-login access to corporate accounts, bulk transaction processing, maker-checker approval workflows with mobile approval, and automated payroll services.
• Business KHQR QR code merchant payment solution enabling businesses to accept payments from all Cambodian bank customers via a single universal QR code, with POS integration, sticker/standee formats, and instant payment notifications.
• Virtual Debit Mastercard Instantly issued digital debit card for online purchases, digital subscriptions, and global payments wherever Mastercard is accepted. No annual fees, up to 5 virtual cards per account.
• CSS Card Local debit card issued under the National Bank of Cambodia's Cambodia Shared Switch (CSS) network enabling ATM withdrawals and POS payments nationwide in KHR or USD, with no annual fee.
• Savings Account Personal savings account with free ATM card, daily interest calculation, flexible withdrawals up to USD 1,000 daily, and tiered interest rates from 0% to 2.00% p.a. for USD accounts.
• Current Account Daily transaction account with free ATM card and cheque book, with optional Auto Save or Auto Plus tiers offering interest earnings and bundled insurance packages up to USD 30,000.
• Term Deposit Account Fixed-term savings account with flexible durations from 3 to 36 months, competitive maturity or monthly interest payouts, and eligibility as loan collateral. Interest rates up to 4.75% p.a. for USD.
• Future Account Goal-based savings product requiring fixed monthly deposits over terms of 6, 12, or up to 120 months, with daily interest calculation and monthly payouts at tiered rates from 3.00% to 5.00% p.a.
• Parent Child Account Child education savings account with fixed term and optional bundled life insurance coverage up to USD 20,000 from Phillip Life Assurance. Interest rate of 6.25% p.a. without insurance or 3.00% with insurance.
• Savings Vault Digital savings account with enhanced scam protection where funds cannot be accessed through mobile or online transactions and are only retrievable in person at physical branches, earning daily interest with tiered rates up to 2.75% p.a.
• Housing Loan Residential property financing for Cambodian citizens and foreigners with loan amounts up to 90% of collateral value, maximum tenor of 25 years, and interest rates starting from 6.25% p.a. with 1% processing fee.
• Car Loan Vehicle financing for new and used cars with loan amounts up to 90% of car market value, terms up to 8 years, and interest rates starting from 8% p.a.
• Personal Loan Personal loan product for employees offering amounts from USD 1,000 up to USD 30,000 (up to 10x monthly salary), terms up to 60 months, and interest rates starting from 12% p.a. with 1% processing fee.
• Micro SME Loan Flexible financing for micro and small businesses with loan amounts up to USD 70,000/KHR 280 million, terms up to 120 months, and interest rates starting from 9.75% p.a.
• Corporate Loan Strategic corporate financing with loan amounts starting from USD 200,000/KHR 800 million, terms from 2-10 years, flexible repayment options, and dedicated relationship manager support.
• Agriculture Loan Agricultural financing supporting Cambodian farmers with quick access to funds for seeds, fertilizers, equipment, and crop expansion, with flexible repayment terms aligned to harvest cycles.
• Education Loan Education financing for students and learners with loan amounts from USD 200 to USD 6,000/KHR 24 million, terms up to 84 months, and principal grace period options.
• Consumption Loan Personal consumption financing for unexpected costs covering school fees, medical needs, or home expenses, with quick access and transparent terms.
• Home Improvement Loan Home renovation and improvement financing with loan amounts up to USD 70,000/KHR 280 million, terms up to 120 months, and interest rates starting from 0.83% monthly (9.96% p.a.).
• International Remittance International remittance service enabling secure global transfers to partners, suppliers, or family members abroad through the Phillip Mobile app or branch visits via correspondent banks across Asia, USA, Australia, and Europe.
• Local Cross Bank Transfer Instant local fund transfers to any bank in Cambodia including Sathapana, Canadia, Vattanac, Acleda, ABA, Wing, and other partner institutions with 0.1% transfer fee and instant delivery.
• Payroll Service Automated payroll processing for employers enabling bulk salary payments to employees across banks with fee-free local transfers, customizable access controls, and complimentary personal accident insurance up to USD 50,000.
• Trade Finance Trade finance solutions supporting local and cross-border trade including import/export financing, letters of credit (LC), trust receipt financing, bank guarantees, and invoice/supplier financing.
• Factoring and Supply Chain Financing Invoice financing and supply chain solutions including purchase order financing, payable financing/reverse factoring, and invoice factoring to convert receivables into immediate working capital without collateral.
• Banker Cheque Bank-issued guaranteed cheques for secure high-value business payments with no transaction limit and unlimited usage, accepted for business payments, legal transactions, and large purchases.
• Premier Banking (Phillip Priority) Exclusive premium banking services under the Phillip Priority sub-brand offering bespoke solutions, dedicated relationship manager support, legacy and financial planning, and market insights for high-net-worth customers.
• Digital Bancassurance Fully online bancassurance offering enabling customers to purchase Phillip General Insurance products directly through the Phillip Mobile banking app without visiting branches.
• Bank-Agnostic ATM Network First bank-agnostic ATM network in Cambodia leveraging the national KHQR standard to enable cash withdrawals and deposits across multiple participating banks.

Quantifiable outcome

• First digital bancassurance provider in Cambodia
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature7 records

Partnerships

Twelve partnerships are on record, tiered core.

• National Bank of Cambodia (Bakong)coreTechnology or Integration · 16 November 2025Cross-border QR code payment link enabling Cambodian travelers to pay at merchants in Singapore using the Bakong system. Collaboration aims to promote local currency use and support regional trade, investment, and tourism between Singapore and Cambodia.
• KOAMPIA PHUM YOEUNG (KPY)coreOthersLocal NGO partnership for community social impact, supporting vulnerable communities in Cambodia for over 10 years since Kredit Microfinance era. Focus areas include financial literacy, agriculture development, child rights, and education in four target provinces.
• PhillipInsurance (Phillip General Insurance Plc)coreStrategic or Co-development PartnerPart of PhillipCapital ecosystem in Cambodia offering general insurance products distributed through Phillip Bank's digital and branch channels. Enables first-in-market digital bancassurance via Phillip Mobile app.
• PhillipLife (Phillip Life Assurance Plc)coreStrategic or Co-development PartnerLife assurance company within PhillipCapital Cambodia ecosystem providing insurance products bundled with savings accounts (Parent Child Account) and offered through bank distribution.
• PhillipTrustee (Phillip Trustee Cambodia)coreStrategic or Co-development PartnerAsset management and trustee services company in Cambodia with significant shareholding under PhillipCapital ecosystem, supporting comprehensive wealth management offerings.
• Acleda BankcoreTechnology or IntegrationPartner bank for local cross-bank transfers via KHQR. Enables instant real-time payments between Phillip Bank customers and Acleda customers at 0.1% fee.
• ABA BankcoreTechnology or IntegrationPartner bank for local cross-bank transfers via KHQR. One of 14 partner banks enabling universal payment acceptance across Cambodian banking network.
• Wing BankcoreTechnology or IntegrationPartner bank for local cross-bank transfers via KHQR. Supports instant fund transfers between accounts at wing banks.
• National Bank of Cambodia (CSS Network)coreTechnology or IntegrationRegulatory partner enabling CSS Card (Cambodia Shared Switch) debit card acceptance at ATMs and POS terminals nationwide. Provides secure transaction infrastructure for local card payments.
• VISAcoreTechnology or IntegrationCard network partner for debit card services including Champion in Innovation awards recognition. Virtual Debit Mastercard partnership enables global online payments.
• MastercardcoreTechnology or IntegrationCard network partner for debit services. Awarded Leadership in Debit Growth recognition for outstanding debit card portfolio growth.
• Credit Guarantee Corporation of CambodiacoreOthersGovernment-backed guarantee corporation supporting SME lending. Recognized Phillip Bank for Best Asset Quality in Guaranteed Loans multiple years.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Sathapana Bank: Cambodian commercial bank with nationwide branch presence and strong SME/microfinance heritage, offering savings, loans, and digital banking. Comparable to Phillip Bank in customer base, product mix, and growth trajectory.
• ABA Bank: Cambodia's largest commercial bank by assets and the dominant digital-first player, offering retail, SME, and corporate banking with an extensive branch and mobile network. Directly comparable to Phillip Bank in customer segments, product breadth, and Cambodian market focus.
• Wing Bank (Cambodia): Cambodian bank pioneering mobile payments and KHQR-based transfers, with strong digital wallet adoption among consumers and merchants. Direct competitor in retail deposits, payments, and digital banking, especially among tech-savvy customers.
• Canadia Bank: One of Cambodia's largest privately held commercial banks serving retail, SME, and corporate customers with nationwide branches. Directly comparable as a multi-segment Cambodian commercial bank with similar product breadth.
• Vattanac Bank: Cambodian commercial bank serving retail, SME, and corporate segments with a growing branch and digital footprint. A direct mid-tier peer to Phillip Bank in Cambodia's commercial banking market.
• Hattha Bank: Cambodian commercial bank with a strong microfinance and SME heritage providing loans, deposits, and digital banking. Comparable to Phillip Bank in its micro/SME roots (similar to the merged KREDIT MFI) and customer profile.
• Cambodia Post Bank (Cambo Post): Cambodian bank leveraging the national postal network for deposit gathering and remittances, with retail and SME offerings. Comparable to Phillip Bank as a domestic mid-tier commercial bank expanding via digital channels.
• Acleda Bank: Cambodia's largest bank by branch network and a dominant microfinance/SME lender. Overlaps directly with Phillip Bank's retail, SME, and rural deposit-gathering activities, and is the principal scale competitor in Cambodia.

Broad incumbents

• Maybank Cambodia: Cambodian subsidiary of Maybank, one of Southeast Asia's largest banking groups, serving retail, SME, and corporate customers. Comparable as a full-service bank in Cambodia with broader regional parent backing versus Phillip Bank's PhillipCapital affiliation.
• ANZ Royal Bank Cambodia: Cambodian operations of Australia and New Zealand Banking Group, focused on corporate, institutional, and premium retail banking. Comparable to Phillip Bank in the Cambodian commercial banking market, with broader regional parent backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phillip Bank