Phnom penh: Andersen Consulting Cambodia announced Wednesday that its specialised research and rating platform had ranked Maybank (Cambodia) first at 4.42 out of 5.00 points in the $1.0-1.999 billion asset category, narrowly surpassing CIMB Bank Cambodia, which scored 4.40 points.
According to Agence Kampuchea Presse, SBI Bank (Cambodia) and Cambodia Post Bank shared the third position with 4.24 points each, while Chip Mong Commercial Bank secured fifth place with a score of 4.15 points. The statement highlighted the narrow margin between Maybank and CIMB, illustrating the competitive nature within this asset category.
The statement elaborated on the performance metrics, noting that Maybank's top ranking was driven by strong governance, robust parent support, superior liquidity, mature management, leading sustainability initiatives, and cutting-edge technology. The bank's credit-quality improvements and enhanced earnings efficiency were identified as potential growth areas.
CIMB's performance was attributed to exceptional parent and group support, strong governance, a disciplined liquidity framework, advanced technology, and a focus on sustainability. The bank's asset-quality management and local earnings enhancement were cited as key areas for future growth.
For SBI Bank, the strong parent support, liquidity, advanced technology, improving profitability, governance, and widespread distribution were pivotal in securing its equal-third position. The bank's future focus is on asset quality post-transition, fee income growth, and sustainability in local operations.
Cambodia Post Bank's ranking was supported by its technological advancements, shareholder support, improved funding, regulatory alignment, and extensive national reach. The bank is prioritizing integration execution, credit quality enhancement, profitability growth, and stress/sustainability measurement.
Chip Mong Commercial Bank's rapid franchise growth, strong liquidity, capital strength, customer-funded balance sheet, local ecosystem advantages, and digital capabilities were recognized in its fifth-place ranking. The bank aims to focus on credit-quality repair, concentration control, and enhancing risk-adjusted profitability.