Cambodia Investment Review
Phillip Bank Plc., Cambodia’s only Singaporean-owned bank, has been awarded the Best Digital Transformation Initiative by the International Finance Awards 2025, marking another milestone in the Bank’s commitment to innovation, integrity, and trusted financial solutions.
The recognition underscores Phillip Bank’s focus on enhancing customer experience through technology. Its user-friendly Phillip Mobile app has made everyday banking simpler and more secure. The Bank also became the first in Cambodia to launch a fully digital bancassurance service, enabling customers to complete underwriting, payment, and policy issuance entirely through the mobile app — a first-of-its-kind convenience in the local market. Through Phillip Business, corporate and SME customers can now manage all their accounts, approvals, and transactions seamlessly on one integrated platform.
As part of the PhillipCapital Group, a Singapore-based financial institution with over 50 years of excellence and a presence in 15 countries, Phillip Bank brings the Group’s hallmark of prudence and governance to Cambodia. With USD 3 billion in shareholders’ funds and more than USD 65 billion in assets under management, the Group’s strength ensures Phillip Bank’s continued stability and sustainable growth.
Read More: Phillip Bank Recognized for Leading Digital Transformation in Cambodia’s Banking Sector
PhillipCapital’s journey in Cambodia began in 2009 with an initial USD 100,000 investment in First Finance, a mortgage microfinance institution. Over time, that commitment expanded with the acquisition of Hwang-DBS Commercial Bank and its merger with Kredit MFI, forming what is today Phillip Bank Plc. The Bank’s shareholders’ funds now exceed USD 179 million, reflecting its long-term confidence in Cambodia’s economic potential and continued growth.
Together with Phillip Trustee, Phillip Insurance, and Phillip Life Assurance, the Bank forms a comprehensive ecosystem that offers retail, SME, corporate, and transaction banking solutions — supported by Singaporean standards of governance and local understanding.
Beyond innovation, Phillip Bank’s Priority Banking takes a holistic approach to financial management, looking beyond interest rates to offer customers personalized solutions through its local and regional network. By connecting clients to the expertise of the PhillipCapital Group, the Bank helps them better plan, grow, and safeguard their finances for the future.
“As a Singaporean financial group with deep roots in Cambodia, we are guided by the same principles that define Singapore’s financial system — integrity, prudence, and a long-term view,” said Ong Teong Hoon, Shareholder Representative of Phillip Bank Plc.
“These values drive us to build trust through transparency and to help our customers achieve lasting prosperity.”
As Phillip Bank continues to grow, it remains focused on empowering stakeholders through trusted and forward-looking financial solutions, combining Singaporean excellence with deep local understanding to build a holistic ecosystem that drives inclusive growth across Cambodia.
