Bank for Investment and Development of Cambodia explained

Bank for Investment and Development of Cambodia Plc.
Type:State-owned
Foundation:1 September 2009[1]
Former Name:Prosperity Investment Bank
Location:Hoan Kiem, Phnom Penh, Cambodia
Area Served:Cambodia, Vietnam
Parent:Bank for Investment and Development of Vietnam
Key People:Lê Đào Nguyên (Chairman)
Nguyễn Quốc Hưng (CEO)
Num Employees: 335
Industry:Banking, Finance, Security
Assets: $716.4million USD[2]
Net Income: 3.14 million USD

The Bank for Investment and Development of Cambodia (Vietnamese: Ngân Hàng Đầu Tư và Phát Triển Campuchia, Central Khmer: ធនាគារវិនិយោគ និងអភិវឌ្ឍន៍កម្ពុជា ភីអិលស៊ី) is a bank in Cambodia. It is a subsidiary of the Bank for Investment and Development of Vietnam.

The bank has branches in all major cities of Cambodia, as well as in Hanoi and Ho Chi Minh City.[3]

The predecessor of the bank was called the Prosperity Investment Bank, which was founded in 2007. After restructuring, it was given the current name Bank for Investment and Development of Cambodia, or in short BIDC. BIDC is majority owned by the Bank for Investment and Development of Vietnam through its daughter Cambodian Investment & Development Co Ltd. In 2011, the bank was one of top 5 banks in Cambodia by assets.[4]

The mission of the bank of to provide capital for investment in Cambodia, in particular investments by Vietnamese entities, and investments through BIDC form a significant part of Vietnamese investments in Cambodia.[5]

See also

Notes and References

  1. https://www.bidc.com.kh/Default.aspx?po=2&p=85&nid=141 BIDC – Introduction
  2. Web site: 2015 annual report.
  3. Web site: BIDC - Branch and ATM Place. www.bidc.com.kh.
  4. Web site: 25 June 2011 . Vietnamese companies expand reach in Cambodia . vir.com.vn .
  5. Web site: 15 August 2018 . Vietnamese businesses contribute to development of Cambodia . khmertimeskh.com .