What RHB Bank PLC does

RHB Bank (Cambodia) Plc. is a wholly-owned subsidiary of Malaysia's RHB Banking Group, providing retail, premier (wealth), business, and securities banking services across Cambodia from its Phnom Penh headquarters and 12+ branches spanning Phnom Penh and the provinces of Siem Reap, Battambang, Preah Sihanouk, and Kampong Cham. Founded as a Cambodian PLC (legal entity date unspecified, annual reports available since 2019) with 251-500 employees, the bank operates across four business units — Retail/Personal Banking, Premier Banking (minimum USD50,000 deposits or USD250,000 home financing), Business Banking (trade finance, working capital, RHB Reflex online banking), and Securities Services via its wholly-owned subsidiary RHB Securities (Cambodia) Plc., a SERC-licensed underwriter and Cash Settlement Agent on the CSX. The product portfolio spans savings and current accounts, fixed deposits, debit cards (Visa and Mastercard across Lifestyle/Platinum/Premier tiers), remittance (including Western Union and telegraphic transfers in 8 currencies), home and term loans, safe deposit boxes, trade finance, and capital markets services. Revenue mechanics are diversified across net interest income (loan-deposit spread on home loans at 6.5-7.0% fixed, deposits at 2.25-3.75% campaign rates), transaction and service fees (TT, Western Union, card), card merchant and interchange revenue, securities brokerage and underwriting, and bancassurance commission via a Daiichi Life distribution partnership.

The bank's technology core is the goWave mobile banking app (instant National ID-based onboarding, Bakong KHQR real-time payments with cross-border capability to Malaysia, daily limits up to USD100,000 RHB-to-RHB and USD50,000 via Bakong), supplemented by RHB Reflex business internet banking and ATM/branch channels. Distribution is hybrid: digital self-serve for retail and SMEs, dedicated relationship managers at Premier Centers and Business Centers for high-value customers, and wholly-owned branches for in-person service. Operational credibility is supported by three consecutive BNY Mellon STP Awards (2022-2024). The bank is led by CEO Daniel Yeo Choon Hui (25+ years banking, prior RHB Singapore Mgmt Committee) with a board that includes Chairman Nurjesmi Bin Mohd Nashir (MD Group Wholesale Banking RHB Group, ex-JPMorgan and Citigroup) and Director Lim Cheng Teck (former Standard Chartered ASEAN Regional CEO), reflecting the parent's deployment of senior regional bankers to the Cambodia franchise.

Name

RHB Bank PLC

Legal name

RHB Bank (Cambodia) Plc.

Website

https://rhbgroup.com.kh

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

RHB Bank (Cambodia) Plc., a wholly-owned subsidiary of Malaysia's RHB Banking Group, operates 12+ branches across Cambodia providing retail, premier wealth, business banking, and securities (CSX underwriting and settlement) services through digital (goWave, Bakong KHQR) and relationship-led channels.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking services
• Commercial banking
• Securities brokerage
• Digital banking
• Trade financing

Headquarters

HQ city

Phnom Penh

HQ country

Cambodia

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Primary revenue from interest spread on loans (home loans at 6.5-7% fixed rate, business loans, personal loans) and interest paid on deposits (savings accounts, fixed deposits, current accounts)
2. Transaction and Service Fees: Fees from inward/outward telegraphic transfers, Western Union remittances, banker cheques, account services, and ATM withdrawals
3. Card Revenue: Annual fees (waived first year), cash withdrawal fees, and merchant discount rates from Visa and Mastercard debit cards across Lifestyle, Platinum, and Premier tiers
4. Securities Services: Brokerage fees, corporate finance advisory, underwriting fees, and cash settlement agent services for equity and bond trading on CSX
5. Bancassurance Revenue: Partnership revenue from bundling Daiichi Life insurance products with fixed deposit offerings, earning preferential rates for customers

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

RHB Bank (Cambodia) Plc. operates as a full-service commercial bank in Cambodia offering personal banking (deposits, debit cards, loans, remittances), business banking (trade financing, business loans, internet banking), premier wealth banking for high-net-worth clients, and securities services (equity/bond trading, corporate finance advisory, cash settlement) through subsidiary RHB Securities (Cambodia) Plc. The bank distributes through 12+ physical branches, the goWave mobile app, RHB Reflex business internet banking, and an ATM network.

Product overview

RHB Bank (Cambodia) Plc operates as a comprehensive banking institution offering personal, business, and premier banking services alongside securities operations through RHB Securities (Cambodia) Plc. The product portfolio centers on goWave by RHB as the primary digital banking platform enabling instant account opening, Bakong transfers, and KHQR payments. Personal banking includes savings and current accounts (Savings Account, Premier Current Account, Current Account Advantage, Fixed Deposits, Smart Saving Account), debit cards across Visa and Mastercard networks in Lifestyle/Platinum/Premier tiers, remittance services via Western Union, home/property loans with the Home Smart PLUS fixed-rate campaign, term loans, and safe deposit boxes. Business banking offers trade financing (bank guarantees, documentary credits, exports/imports), business loans, and RHB Reflex internet banking. Securities services include equity/bond trading via mobile and desktop platforms, corporate finance advisory for IPOs and M&A, and cash settlement agency services. The Premier Banking tier provides exclusive wealth management with dedicated relationship managers, priority services, airport lounge access, and premium debit cards.

Differentiator

Problem solved

Functional benefit

Products and services

• goWave Mobile Banking App Full-featured mobile banking application enabling instant account opening using Cambodian National ID, real-time transfers via Bakong, KHQR payments including cross-border to Malaysia, financial tips, and digital onboarding without branch visit. Targets retail consumers and SMEs in Cambodia.
• Savings Account Basic savings account for individuals to grow funds with interest accrual, featuring passbook and ATM card access. For retail consumers in Cambodia.
• Current Account Advantage (CAA) Business-focused current account with tiered interest rates reaching up to 3.25% p.a. for high-balance deposits. Available to residents, non-residents, corporates, and state-owned enterprises (excluding financial and insurance institutions).
• Premier Current Account (PCA) Premium current account with exclusive privileges for high-net-worth customers. Features promotional interest rates up to 3.75% for KHR and 3.25% for USD, priority service, and dedicated relationship manager access. For Premier Banking customers with USD25,000 minimum balance.
• Fixed Deposits Secure term deposits with guaranteed returns offering competitive fixed interest rates for specified tenures. Multi-currency support including USD and KHR. For individuals and businesses.
• Smart Saving Account (SSA) High-interest savings account offering up to 2.75% p.a. for KHR and 2.50% p.a. for USD with lower initial deposits, monthly interest payments, and free passbook/ATM card. For resident individuals, Premier and Non-Premier customers.
• RHB Visa Debit Cards (Lifestyle, Platinum, Premier tiers) Tiered Visa debit card portfolio: entry-level Lifestyle card with no issuance fee and first-year annual fee waiver; Platinum card with complimentary airport lounge access once per year; Premier card with eight complimentary airport lounge visits per year and free worldwide ATM withdrawals. For retail and Premier customers.
• RHB Mastercard Debit Cards (Lifestyle, Platinum, Premier tiers) Tiered Mastercard debit card portfolio enabling global transactions, contactless tap & pay, merchant promotions worldwide, and cashback rewards on overseas spend (Premier 15%, Lifestyle/Platinum 5%). For retail and Premier customers.
• RHB CSS Card ATM card providing versatile access to a broader network of ATMs across Cambodia with reduced transaction fees.
• Remittance Services
• Home Smart PLUS Home Loan Fixed-rate home loan offering 6.50% p.a. for homeowners and 7.00% p.a. for investors with rate locked for entire loan tenure. Minimum loan USD200,000 (Phnom Penh) or USD100,000 (provinces), up to 20-year tenor, 70% margin of advance. For property buyers in Cambodia.
• Home/Property Loan Housing loans for property purchase or refinancing. Features include fixed or floating rates, up to 20-year tenor, fire insurance coverage, and monthly installment repayment. For individual property buyers.
• Term Loan Business financing for asset acquisition, working capital, or refinancing purposes. Offers up to 10-year tenor for working capital and up to 20 years for asset acquisitions. For businesses.
• Safe Deposit Box Secure storage service for documents and valuables located at Phnom Penh city center. Three box sizes with annual rental rates from USD125 to USD165 (exclusive of VAT), including insurance coverage up to USD5,000. Premier customers receive 20% discount. For individuals and businesses.
• Trade Financing Comprehensive trade finance solutions including Bank Guarantee, Documentary Credit for exports/imports, and Documentary Collection for domestic trade. For commercial businesses and SMEs.
• Business Loan Commercial loans designed for business needs including working capital, capital expenditure, trade financing, and business expansion. Features flexible repayment up to 10 years, attractive rates, and fast approval. For SMEs and corporates.
• RHB Reflex Business Internet Banking Secure web-based business internet banking platform enabling account access, payment processing, domestic and overseas payments, and real-time transaction approval from desktop and mobile devices. For corporate and SME customers.
• Retail Equities and Bonds Trading Equity and bond trading on the Cambodian securities market with real-time mobile trading access and dedicated securities representative support. Provided by RHB Securities (Cambodia) Plc. For retail and institutional investors.
• Mobile Trading (CSX Trade) Mobile stock trading application for CSX-listed securities, enabling investors to place orders, view market data, and manage trading accounts from mobile devices. Provided by RHB Securities (Cambodia) Plc.
• Corporate Finance Advisory Capital markets advisory services including initial public offerings, bond issuance, secondary equity fundraising, private placements, and M&A advisory. Provided by RHB Securities (Cambodia) Plc. For corporate issuers and capital markets participants.
• Cash Settlement Agent Services SERC-licensed cash settlement services for institutional investors, brokers, and individual traders, facilitating secure fund transfers for securities transactions. Provided by RHB Securities (Cambodia) Plc.
• Premier Banking Services Premium banking package with dedicated relationship managers, priority service, exclusive airport lounge access (Plaza Premium), higher ATM withdrawal limits (up to USD20,000/day), fee waivers on telegraphic transfers, complimentary parking at Premier Centers, and wealth management support. Membership requires USD50,000 minimum deposit or USD250,000 in home financing.

Quantifiable outcome

• Triple BNY Mellon STP Award winner for 2022, 2023, and 2024 - industry-leading straight-through processing efficiency

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Daiichi LifecoreStrategic or Co-development Partner · 15 June 2026Bancassurance partnership where RHB Bank Cambodia offers preferential Fixed Deposit rates bundled with Daiichi Life insurance solutions. Campaign offers Premier Banking customers 3.50% p.a. and Non-Premier customers 3.25% p.a. on 3-month USD Fixed Deposits (vs. 2.25% prevailing rate). Each eligible Daiichi Life policy entitled to one Fixed Deposit placement under the campaign.
• AiralominorGTM or Marketing PartnerTravel connectivity partnership offering RHB Mastercard Debit Card holders exclusive savings of up to 20% on eSIM services. Valid until 30 April 2027. Part of RHB's strategy to provide lifestyle benefits to cardholders.
• BNY MelloncoreTechnology or IntegrationInternational payment processing partner providing STP infrastructure. RHB Bank Cambodia has won BNY Mellon STP Awards for three consecutive years (2022, 2023, 2024) demonstrating excellence in automated payment processing, formatting quality, and global-standard straight-through processing efficiency.
• Cambodia Securities Exchange (CSX)coreStrategic or Co-development PartnerLicensed securities underwriter enabling equity and bond trading on CSX. RHB Securities (Cambodia) Plc. provides retail equities, mobile trading, corporate finance, and cash settlement agent services. Partnership enables RHB to assist companies in accessing equity capital markets for fund-raising requirements.
• National Bank of Cambodia (Bakong)coreTechnology or IntegrationIntegration with Bakong KHQR system enabling real-time money transfers and QR code payments across Cambodia. goWave app supports Bakong transfers up to $50,000 daily combined limit. Also supports cross-border KHQR payments to Malaysia.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Public Bank Cambodia: Cambodian subsidiary of Malaysia's Public Bank Berhad. Comparable Malaysian-rooted regional bank operating in Cambodia's retail and SME banking segment.
• Hong Leong Bank Cambodia: Cambodian operations of Hong Leong Bank, a Malaysian banking group. Another Malaysian regional player offering retail and commercial banking products in Cambodia.
• Cambodia Post Bank Plc. State-linked Cambodian commercial bank with a broad retail and SME focus. Comparable scale and product mix, providing a useful benchmark for RHB's domestic positioning.

Direct peers

• ABA Bank: Cambodia's leading digital-first bank with strong retail and SME franchise. Competes with RHB's goWave mobile platform and retail deposit products, and is among the most direct competitors in Cambodia.
• Vattanac Bank: Cambodian-owned commercial bank serving retail, SME, and corporate clients with a growing digital channel. Direct overlap with RHB Cambodia on deposits, lending, and trade finance.
• ACLEDA Bank Cambodia: ACLEDA is the largest domestic commercial bank in Cambodia, offering retail, SME, and corporate banking across an extensive national branch and digital network. Directly comparable to RHB Cambodia across all major product lines and customer segments.
• Maybank Cambodia: Cambodian subsidiary of Malayan Banking Group, another Malaysian regional bank entering Cambodia. Most direct comp for RHB given shared Malaysian parent heritage and similar ASEAN regional banking strategy.
• CIMB Bank (Cambodia) Plc. Cambodian arm of CIMB Group, a Malaysian regional bank with ASEAN-wide presence. Comparable in product mix (deposits, cards, loans, trade finance) and competitive positioning in Cambodia.
• Wing Bank (Cambodia) Plc. Major Cambodian universal bank with a strong retail and digital wallet presence. Directly competes with RHB Cambodia for retail deposits, payments, and remittance services.
• Canadia Bank Plc. One of Cambodia's leading private commercial banks with a broad retail and corporate franchise plus a securities subsidiary. Overlaps directly with RHB Cambodia on deposits, lending, cards, and securities services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookm.me/RHBCambodia
• LinkedInlinkedin.com/company/rhbcambodia

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries1 record

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 RHB Bank PLC