Shinhan Bank Cambodia

Name

Shinhan Bank Cambodia

Legal name

Shinhan Bank (Cambodia) Plc.

Website

https://shinhan.com.kh

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)

Keywords

• Retail banking services
• Corporate banking
• Consumer lending
• International remittance
• Digital banking

Headquarters

HQ city

Phnom Penh

HQ country

Cambodia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Income earned from lending activities including personal loans (car loans, home loans, personal loans), corporate loans (commercial loans, merchant loans), and overdraft facilities
2. Deposit Account Fees: Various deposit products generating fee income including savings accounts, current accounts, and time deposit accounts
3. Card Services: Revenue from debit card issuance (Visa Classic, Visa Gold, Virtual Visa, Corporate Debit), annual fees, and transaction processing
4. Remittance Services: International and domestic fund transfer fees including cross-border transfers to Korea
5. E-Banking Services: Mobile and internet banking service fees and transaction charges

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels10 records

Core offering

Shinhan Bank Cambodia provides full-service retail and corporate banking through deposit accounts (savings, current, time, installment), consumer and commercial loans (home, car, personal, micro, commercial, merchant, overdraft), VISA-branded debit cards, domestic and international remittance, trade finance, internet banking for corporate billing, and the SOL Mobile banking application. The bank operates a branch and ATM network in Cambodia and offers a dedicated Korean Desk service for Korean expatriate customers in Korean language via branches and KakaoTalk.

Product overview

Shinhan Bank Cambodia offers a comprehensive retail and corporate banking portfolio through its SOL Mobile app and branch network. Personal banking includes deposit products (Saving Account, Current Account, various Time Deposits including My Future Installment Deposit, Junior and Merchant variants), loan products (Home Loan, Car Loan, Personal Loan, Employee Unsecured Loan, Micro Loan, Banker Loan, Simple Loan), digital banking (SOL Mobile, Digital Saving Account, Internet Banking), payment cards (Visa Classic/Gold/Corporate Debit, Virtual Visa Card, CSS Card), remittance services (Domestic/International Transfers), and loyalty features (My Shinhan Point, KHQR). Corporate banking encompasses deposit accounts, credit facilities (Overdraft, Commercial Loan, Merchant Loan), trade services (Import & Export), and billing services via Internet Banking. The bank operates strategic partnerships with VISA, KHQR, CSS network, Forte Insurance/Life, and CAMMED Medical Laboratory. Dedicated Korean Desk service supports the Korean expatriate community.

Differentiator

Problem solved

Functional benefit

Brands

• SOL Mobile: Mobile banking application for Shinhan Bank Cambodia customers enabling fund transfers, card management, and account access
• SOL Cambodia

Products and services

• Saving Account Personal savings deposit account allowing customers to deposit and withdraw funds while earning interest on balances. Targets individual customers in Cambodia seeking personal savings growth.
• Current Account Personal checking account for daily transactions with unlimited deposit and withdrawal capabilities.
• Time Deposit Account Fixed-term deposit account with guaranteed interest rate for a specified maturity period.
• Super Time Deposit Account Enhanced time deposit product with higher interest rates compared to standard time deposits.
• Monthly Time Deposit Account Time deposit account with monthly interest payment option during the deposit term.
• My Future Installment Deposit Installment deposit product with terms of 6, 12, 24, or 36 months. Minimum opening balance USD 10 (KHR 40,000). Interest rates up to 7.00% p.a. including preferential rates for salary, bill payment, Visa Card/KHQR, and digital channel users.
• Installment Deposit Account Savings account requiring regular periodic deposits over a fixed term with principal and interest paid at maturity.
• Free Installment Deposit Account Installment deposit account with flexible terms and no penalties for early withdrawal.
• Junior Installment Deposit Account Savings account designed for children with lower minimum deposit requirements and parent/guardian oversight.
• My Salary Saving Account Savings account tailored for salary earners with features such as preferential interest rates and salary crediting capabilities.
• Merchant Saving Account Savings account designed for merchants and business owners, often linked to merchant services and KHQR functionality.
• Merchant Current Account Business checking account for merchants with higher transaction limits and merchant-specific features.
• Home Loan Mortgage loan product for purchasing or financing residential property, with promotional interest rates available.
• Car Loan Vehicle financing product for purchasing new or used cars, with promotional interest rates offered periodically.
• Personal Loan Unsecured personal loan for general purposes such as home renovation, education, or other personal financial needs.
• Employee Unsecured Loan Unsecured credit facility designed for employed individuals, typically with income-based eligibility criteria.
• Micro Loan Small-value loan product targeting microenterprises and individuals with limited access to traditional banking services.
• Banker Loan Credit product specifically designed for banking sector employees with preferential terms.
• Simple Loan Streamlined loan product with simplified application and approval process for eligible customers.
• Visa Classic Debit Card Entry-level VISA debit card providing worldwide payment flexibility and cash withdrawal at ATMs.
• Virtual Visa Card Instantly issued virtual debit card via SOL Cambodia app for online purchasing. Exists only virtually without physical card; not applicable for cash withdrawal or POS transactions.
• Visa Gold Debit Card Premium VISA debit card with enhanced spending limits and exclusive privileges for lifestyle and business payments.
• Visa Corporate Debit Card Business debit card for corporate expense management, providing cost efficiency, greater control, and exclusive corporate privileges.
• CSS Card ATM card operating on Cambodia's shared CSS network, enabling cash withdrawal, interbank fund transfers, balance inquiries, and mini statements at CSS member ATMs and POS terminals.
• SOL Mobile Banking Mobile banking application enabling customers to perform account management, fund transfers, KHQR payments, card management, and international remittances. Supports self-registration via registered mobile number without branch visit.
• Digital Saving Account Digital-first savings account opened and managed through SOL Mobile without visiting a branch.
• Domestic Fund Transfer Local money transfer service enabling customers to send funds between Shinhan Bank accounts and to other banks within Cambodia.
• International Funds Transfer Cross-border remittance service for sending money abroad and receiving international transfers, including same-day transfers to Korea via Shinhan Bank network. Up to USD 10,000 available without documentation via mobile banking.
• Internet Banking Online banking platform for corporate customers to manage accounts, conduct transactions, and access billing services.
• Import & Export Services Trade finance services supporting corporate customers with import and export transaction processing.
• Overdraft Corporate credit facility allowing business accounts to overdraw up to an approved limit for cash flow management.
• Commercial Loan Business financing product for commercial purposes including working capital and business expansion.
• Merchant Loan Credit facility tailored for merchants, supporting business growth and working capital needs.
• Korean Desk Service Dedicated service channel for Korean-speaking customers at head office and Teuk Thla branch, offering account opening, loan consultations, and emergency assistance in Korean via phone (023 971 244) and KakaoTalk.

Named customers3 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

Integration7 records

Feature4 records

Partnerships

Three partnerships are on record, tiered minor and core.

• CAMMED Medical LaboratoryminorGTM or Marketing Partner · 1 July 2025CAMMED Medical Laboratory partnership offers 20% discount on blood tests when customers pay via SHINHAN KHQR scan-to-pay. Valid from July 1, 2025 to June 31, 2026. Located at CAMMED facilities in Cambodia.
• Forte Insurance & Forte Life InsuranceminorStrategic or Co-development Partner · 1 April 2024Shinhan Bank partners with Forte Insurance and Forte Life Insurance to offer insurance products through the bank. Customers receive cash back incentives of 2-4% of first year premium for life insurance products and 3% for general insurance when purchased through Shinhan accounts.
• VISAcoreTechnology or IntegrationShinhan Bank issues VISA-branded debit cards (Classic, Gold, Corporate) and Virtual Visa Cards. Cards offer global acceptance, cashback benefits (0.5% monthly), fee exemptions, and are issued through the SOL Mobile app.

Recent moves6 records

Expansion highlights5 records

Direct peers

• Canadia Bank: Major Cambodian commercial bank offering retail deposits, consumer and corporate loans, and digital banking. Overlaps with Shinhan Bank Cambodia across the full retail and SME banking spectrum.
• ACLEDA Bank: Largest Cambodian-owned bank with the deepest national branch network including provincial coverage. Competes with Shinhan across retail deposits, consumer lending, and SME/corporate banking throughout Cambodia.
• KEB Hana Bank Cambodia: Korean banking subsidiary operating retail and corporate banking in Cambodia. Most direct comparable to Shinhan Bank Cambodia given shared Korean parent heritage, Korean-desk style services, and Korea-corridor remittance.
• Sathapana Bank: Cambodian commercial bank with strong SME and retail focus and growing digital capabilities. Competes with Shinhan Bank Cambodia for retail deposits, microloans, and SME working capital financing.
• Woori Bank Cambodia: Another Korean banking subsidiary in Cambodia with comparable Korean-expatriate focus and Korea-cambodia remittance products. Direct peer given shared Korean parent, similar service positioning, and same regulatory framework.
• ABA Bank: Cambodia's largest domestic commercial bank offering full retail and corporate banking, cards, and digital channels. Directly competes with Shinhan Bank Cambodia for retail deposits, consumer loans, and merchant banking in the same Phnom Penh market.
• Cambodia Post Bank: Cambodian commercial bank with retail and corporate focus and nationwide coverage. Overlaps with Shinhan Bank Cambodia on deposit products, consumer lending, and digital payment services.

Regional players

• Maybank Cambodia: Malaysian banking group's Cambodia subsidiary serving retail and corporate clients with regional network strengths. Comparable as a regional-bank subsidiary offering full-service banking in Cambodia.
• BRED Bank Cambodia: French cooperative banking group's Cambodia subsidiary focused on SME and retail banking. Comparable as a foreign subsidiary operating full-service banking in Cambodia's competitive market.
• CIMB Bank Cambodia: ASEAN regional bank's Cambodia franchise offering retail and commercial banking. Comparable as a regional-bank subsidiary competing for corporate and retail customers across Cambodia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC2a9w2qVaCU2OzrFKOY9b5g
• Facebookfacebook.com/shinhanbankcambodia
• LinkedInlinkedin.com/company/shinhan-bank-plc
• Instagraminstagram.com/shinhanbankcambodia
• TikToktiktok.com/@shinhanbankcambodia?lang=en

Revenue estimate

Valuation estimate

Number of profiles

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 Shinhan Bank Cambodia