ANZ Royal Bank is a bank in

Cambodia Cambodia (; also Kampuchea ; km, កម្ពុជា, UNGEGN: ), officially the Kingdom of Cambodia, is a country located in the southern portion of the Indochinese Peninsula in Southeast Asia, spanning an area of , bordered by Thailand t ...

with 23 branches that provides internet banking and a network of automated teller machines ( ATM) at 101 locations both at branches and off-site. It also offers an "institutional team to assist multinational businesses operating in Cambodia". Established in 2005, ANZ Royal is a joint venture of J Trust and the Cambodian Royal Group Company (RGC).

Ownership

ANZ Royal is a joint venture with the Cambodian

Royal Group Royal may refer to: People * Royal (name), a list of people with either the surname or given name * A member of a royal family Places United States * Royal, Arkansas, an unincorporated community * Royal, Illinois, a village * Royal, Iowa, a ci ...

; the company is 55% J Trust owned and 45% owned by Royal Group.

Competition

ANZ Royal's main competitors are

ACLEDA Bank ACLEDA Bank Plc. (; km, ធនាគារ អេស៊ីលីដា ភីអិលស៊ី, ) is a public limited company, formed under the Banking and Financial Institutions Law of the Kingdom of Cambodia. Based in Phnom Penh, with 261 of ...

Cambodia Asia Bank Cambodia Asia Bank (CAB) Bank commenced its operations in Cambodia on February 23, 1993 with the opening of commercial banking at the heart of Phnom Penh City. is a LLC bank of Cambodia, based in Phnom Penh and operating over a dozen branch of ...

Canadia Bank Canadia Bank ( km, ធនាគារ កាណាឌីយ៉ា ) is one of the largest local banks in Cambodia. The bank was established in 1991 and became privatized in 1998. As one of the leading commercial banks in Cambodia, Canadia Bank ...

Maybank Malayan Banking Berhad (doing business as Maybank) is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank b ...

Phnom Penh, Singapore Banking Corporation (SBC),

Vattanac Bank The Vattanac Bank ( km, ធនាគារវឌ្ឍនៈ) is a retail and commercial bank of Cambodia. It was founded in 2002 and is based in the capital Phnom Penh. , the bank has 13 branches, with eight in the capital and five in the provi ...

.Cambodia Yellow Pages
Banking & Finance - Cambodia
Retrieved 2007-02-10

Controversy

Sugar plantation

In 2014, it was revealed that the ANZ Royal Bank had been financing a

sugar plantation A plantation is an agricultural estate, generally centered on a plantation house, meant for farming that specializes in cash crops, usually mainly planted with a single crop, with perhaps ancillary areas for vegetables for eating and so on. The ...

, Phnom Penh Sugar, which had been connected to

child labour Child labour refers to the exploitation of children through any form of work that deprives children of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially and morally harmful. Such e ...

and forced evictions. The bank responded by saying that they would "continue to engage with this particular case" and would "review the way the company addresses its social and environmental obligations". Though the bank later stopped funding the plantation, farmers handed the bank a petition in August 2014 asking them to take responsibility and help repair the damage done by the plantation. Despite the petition and further protests, the bank declined to help the communities affected.

References

External links

ANZ Royal
Banks of Cambodia Banks established in 2005 Privately held companies of Cambodia Australia and New Zealand Banking Group Cambodian companies established in 2005 {{Cambodia-stub