Canadia Bank hopeful its incentive package will encourage more firms to join CSX

29 Jul 2019  148 | Business & Trade Fairs

Canadia Bank, one of Cambodia’s leading financial institutions, is optimistic that the incentive package it is offering to companies listed at the Cambodian Stock Exchange (CSX) will encourage more firms to become part of the national bourse.

“Although there are only five companies listed on CSX, we are confident that more companies will consider going public and listing on CSX based on the good work CSX and the Securities and Exchange Commission of Cambodia (SECC) has done to promote the capital market in Cambodia,” the bank said.

The companies currently listed at the CSX are Phnom Penh Water Supply, Grand Twins International, Phnom Penh Autonomous Port, Phnom Penh Special Economic Zone, and Sihanoukville Autonomous Port.

“We also believe our financing package will incentivise more companies to consider listing on CSX,” it added.

A few days ago, Canadia Bank and partners launched the Special Financial Package for listed companies, their subsidiaries, and employees.

Under the programme, which was launched in collaboration with CSX and SECC, publicly-listed companies can avail of low-interest loans, among other benefits, at Canadia Bank and affiliated companies like Sovannaphum Life Assurance, Cana Security, Cana Trust, and Dara Insurance.

Canadia Bank CEO Raymond Sia said they want to help these companies and its employees, while indirectly contributing to the growth of the Kingdom’s capital market.

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