Message from the Chairman
LOK NEAK OKNHA DR. PUNG KHEAV SE
Chairman of the Board of Directors
“We remain vigilant and adaptable, ready to seize new opportunities while navigating potential challenges”
Lok Neak Oknha Dr. Pung Kheav Se
Chairman of the Board of Directors
As we reflect another year of significant progress and achievement at Cambodia Post Bank Plc., I am filled with pride and gratitude for the dedication and resilience exemplified by the team, clients and partners. Despite the challenges posed by a rapidly changing economic landscape, we have remained steadfast in our commitment to driving sustainable growth and delivering exceptional value to our stakeholders.
During 2024, we focused on enhancing our digital banking services, ensuring that our customers can access their accounts and conduct transactions seamlessly from anywhere. We believe that innovation is key to meeting the evolving needs of our clients and maintaining our competitive edge in the market.
Our commitment to the community has also been a cornerstone of our mission. We are proud to have launched several initiatives aimed at financial literacy and supporting local businesses, empowering them to thrive in an ever-changing environment. These endeavors reflect our deep-rooted belief in fostering economic growth and social responsibility within Cambodia.
I am happy that CPBank has maintained a balance sheet of US$1.74B asset where our loan portfolio grew 8.9%, deposit portfolio grew 26.2% and US$ 18M net profit for the year 2024. We have efficiently managed to maintain adequate liquidity and capital position throughout the year. Bank’s subsidiary Funan Microfinance also managed the profitability well during 2024 despite sluggish demand in the market.
As we move forward, we remain vigilant and adaptable, ready to seize new opportunities while navigating potential challenges. Let us continue to work together to build a brighter future for our bank, our customers, and our communities.
On behalf of the Board of Directors, I would like to extend my heartfelt appreciation to our employees for their hard work and dedication. Thank you for your continued trust and support in CP Bank. I am proud of the senior management team who works relentlessly to improve customer service experience and their commitment for the Bank. I am thankful to the Royal Government of Cambodia, all regulatory bodies especially National Bank of Cambodia for their unwavering support. I am hopeful that CPBank will be here to contribute further for aspiring economic prosperity of Cambodia.