Cambodia Investment Review | Phnom Penh, September 21, 2026
SuperBankRatings has released the final asset-division results of its Cambodia SuperPower Banking Index 2026, ranking the country’s four commercial banks with more than $5 billion in assets.
ABA Bank placed first in the Super Heavyweight division with a score of 4.50 out of 5, followed by ACLEDA Bank at 4.39. Canadia Bank and KB PRASAC Bank shared third place, each scoring 4.30.
The division’s four eligible banks
- No. 1 — ABA Bank: 4.50 out of 5
- No. 2 — ACLEDA Bank: 4.39 out of 5
- Joint No. 3 — Canadia Bank: 4.30 out of 5
- Joint No. 3 — KB PRASAC Bank: 4.30 out of 5
Only 0.20 points separate the four banks, while the gap between first-placed ABA and ACLEDA is 0.11 points.
SuperBankRatings said the results reflect the banks’ combined performance across financial strength, governance, funding and liquidity, market position, sustainability, risk management and technology—not their balance-sheet size alone.
Different strengths shape the results
ABA’s first-place result reflects its market leadership, profitable scale, support from parent company National Bank of Canada and technological capability.
The assessment identified rising Stage 3 credit, sector concentration, lower solvency headroom and limited quantified climate and taxonomy outcomes as areas to monitor.
ACLEDA’s second-place position was supported by its nationwide franchise, listed-bank governance, funding strength, sustainability leadership and digital capability. Its elevated credit-impaired exposures and wider asset-quality performance were identified as the principal watch areas.
Canadia Bank and KB PRASAC reached the same overall score through different institutional profiles.
Canadia’s equal-third result reflects its capital and liquidity, deep deposit franchise, local market position and technology. SuperBankRatings identified property concentration, rising non-performing loans and large exposures as constraints.
KB PRASAC’s result was supported by its nationwide MSME and retail reach, backing from KB Kookmin Bank, funding transformation and digital capability. Its assessment highlighted the deterioration of non-performing and Stage 3 loans, a customer-deposit loan-to-deposit ratio above 100% and incomplete taxonomy and prudential-outcome disclosures as areas to address.
Asset size determines eligibility, not position
SuperBankRatings reviewed 49 commercial-bank benchmark assessments, with four institutions meeting the strict year-end 2025 asset threshold of more than $5 billion.
ABA recorded 2025 assets of $16.154 billion, followed by ACLEDA at $12.017 billion, Canadia at $9.175 billion and KB PRASAC at $5.659 billion.
The other 45 assessed banks were excluded from this division solely because they did not meet the asset threshold. A bank’s size determines its peer category but does not influence its ranking within that category.
The methodology combines 40% quantitative and 60% qualitative analysis across 11 parameters and 329 benchmark points. More than 200 bank, National Bank of Cambodia and financial publications were reviewed.
SuperBankRatings said the results represent analytical peer-ranking opinions. They are not statutory credit ratings, NBC supervisory rankings, deposit recommendations or guarantees.
Overall banking index moves to individual categories
The Super Heavyweight result completes the index’s four overall asset divisions:
- Under $1 billion
- $1 billion to $1.99 billion
- $2 billion to $4.99 billion
- $5 billion and above
The index will next rank banks across five individual categories: corporate governance, financial strength and performance, funding and liquidity, sustainability initiatives, and technology and innovation. Those results are scheduled for September 23.
