Chip Mong Commercial Bank Plc. is Cambodia’s newest digital banking heavyweight. While it may be a relatively recent entrant (founded in 2019), its rapid rise has been fuelled by the immense resources of its parent company, the Chip Mong Group – one of Cambodia’s largest and most diversified conglomerates. With assets spanning construction materials, property development, beverages (Khmer Beverages), retail, and hospitality, Chip Mong Bank was created to unify the financial ecosystem of this sprawling business empire.
Since its launch, the bank has carved out a distinct position as a tech‑first institution, winning awards for its mobile app and its commitment to small and medium‑sized enterprises (SMEs). This review covers everything you need to know about Chip Mong Bank in 2026: its history, key products, digital innovations, fees, and whether it’s the right choice for you.
⚡ Quick Overview
📜 History & Background
Chip Mong Bank is the natural evolution of the Chip Mong Group, a family business that started in 1982 as a small scrap‑metal trading venture in post‑war Phnom Penh. Over four decades, it grew into a powerhouse in construction materials, property development (Chip Mong Land), beverage production (Khmer Beverages), and retail.
In 2018, the group announced its expansion into the financial sector, and Chip Mong Commercial Bank Plc. officially began operations in 2019. The bank’s initial mission was to provide a seamless financial backbone for the group’s many subsidiaries, but it quickly expanded to serve the general public, leveraging the group’s existing customer base and brand trust.
By 2023, Chip Mong Bank had already opened 11 branches in key locations including Phnom Penh, Siem Reap, Battambang, and Kampong Cham, with ambitious plans to expand further. As of 2026, the bank has extended its services to 25 provinces through a combination of physical branches and innovative digital tools.
🏦 Products & Services
Chip Mong Bank positions itself as a digital‑first bank, with most of its products accessible via its feature‑rich mobile app.
💳 Deposit Accounts
| Account Type | Key Features | Minimum Balance |
|---|---|---|
| Savings Account | Interest‑bearing; available in USD and KHR | Low (exact amount not publicly listed; inquire at branch) |
| Term Deposit Account | High interest rates; flexible terms; can be opened directly via mobile app | USD 100 / KHR 400,000 (estimated) |
| Goal Saving Account | Target‑based savings; helps customers save toward specific financial goals | Low |
| Current Account | For daily business transactions; cheque‑writing capability | Contact bank |
The bank’s term deposits are promoted as offering “high interest rates” and are available with common tenors (1, 3, 6, 12 months and longer). All deposit accounts can be managed entirely through the mobile app, with customers able to open new accounts, view balances, and access bank statements on the go.
💰 Loans
Chip Mong Bank offers a wide range of lending products tailored to different customer segments:
- SME Loans – A core focus of the bank, recognised with the Best SME Bank Cambodia 2026 award . Loans are available for working capital, equipment purchase, and business expansion.
- Personal Loans – For individuals needing funds for education, medical expenses, travel, or other personal needs.
- Home Loans / Mortgage – Financing for property purchase or construction, often in partnership with Chip Mong Land’s residential projects.
- Merchant Accounts – Tailored financing solutions for retail and service businesses.
- Agricultural Loans – A low‑interest loan program launched in partnership with the Ministry of Agriculture, with a dedicated budget of US$10 million to support modern farming communities.
📱 Chip Mong Bank Mobile App – Award‑Winning Digital Banking
Chip Mong Bank’s mobile application has been recognised as the Best Retail Banking App Cambodia 2026 at the Global Banking & Finance Review® Awards. The app is available on both iOS and Android and offers a wide array of features:
- Account Management – Open new accounts (savings, term deposit, goal saving) directly from the app; check balances; view bank statements and transaction history.
- KHQR Payments – Scan and pay at millions of merchants across Cambodia using the national KHQR standard. You can also receive payments instantly.
- Fund Transfers – Send and receive money locally and internationally with ease. Domestic transfers between Chip Mong accounts are free.
- Bill Payments – Pay utilities (PPWSA), mobile top‑ups, Chip Mong Land instalments, and other services – all directly from the app.
- Tax Payments – A recent update allows customers to pay taxes to the General Department of Taxation (GDT) via the mobile app, making it the first Cambodian bank to offer this feature.
- Mobile Term Deposit – Open a term deposit account entirely within the app and earn interest without visiting a branch.
- Cardless Withdrawal – Withdraw cash from any Chip Mong Bank ATM using only your mobile phone, no physical card needed.
- Financial Notifications – Real‑time alerts for all account transactions.
The app has received positive feedback from users, with many praising its simplicity, speed, and extensive feature set. One App Store reviewer noted: “Really straight forward interface,” while another called the bank “Trustworthy and reliable”
💵 Fees & Interest Rates (2026)
Fees
| Fee Type | Chip Mong Bank Policy |
|---|---|
| Account opening | Free via mobile app |
| Monthly maintenance | Free (basic accounts) |
| Fund transfers (within Chip Mong) | Free |
| Bill payments (mobile top‑ups, utilities, Chip Mong Land) | Free |
| QR payments (KHQR) | Free |
| Tax payments (via app) | Free |
| Term deposit early closure | Penalty applies (may forfeit interest) |
The bank has not published a comprehensive fee schedule, and some services may carry charges. As noted in the app description, “The Chip Mong Bank app is FREE for all basic features. However, we may apply charges for specific services within the app”. Customers are advised to ask branch staff for detailed fee information.
Interest Rates (Deposits)
| Product | Rate (p.a.) | Notes |
|---|---|---|
| Savings Account (USD) | Not publicly listed | Contact bank for current rates |
| Term Deposit (USD) | Competitive (exact rates not published; check app or branch) | Higher than savings |
| Term Deposit (KHR) | Competitive (generally higher than USD) | Promotes use of national currency |
Chip Mong Bank promotes its term deposit rates as among the most competitive in the market, but specific percentages are not listed on its website. For the most current rates, customers are encouraged to use the mobile app or contact a branch directly.
Agricultural Loan Rates
Under the bank’s partnership with the Ministry of Agriculture, farmers in modern agricultural communities can access loans at an interest rate of approximately 7% per year. Other loan products (personal, SME, mortgage) have rates that vary based on creditworthiness and collateral.
📰 Recent News & Developments (2025–2026)
🏆 Dual Award Win (April 2026)
Chip Mong Bank secured two major honours at the 2026 Global Banking & Finance Review® Awards:
- Best SME Bank Cambodia 2026
- Best Retail Banking App Cambodia 2026
The awards recognised the bank’s strong performance in empowering small and medium‑sized enterprises through tailored financial solutions and its continued investment in digital transformation. The judging panel highlighted the bank’s accessible financing, efficient loan processing, and the intuitive user experience of its mobile application.
🤝 Royal Group Strategic MoU (April 2025)
Chip Mong Group signed a landmark Memorandum of Understanding (MoU) with the Royal Group (owners of Wing Bank, Cellcard, and J Trust Royal Bank) to forge a strategic partnership spanning finance, electricity, construction, telecommunications, hospitality, real estate, beverages, and education. The cooperation is expected to unlock synergies between two of Cambodia’s largest conglomerates and create new business opportunities.
🌾 $10 Million Agricultural Loan Program (August 2025)
Chip Mong Bank partnered with the Ministry of Agriculture, Forestry and Fisheries (MAFF) to launch a $10 million low‑interest loan initiative for modern agricultural communities. The program helps farmers recover from falling rice prices, reduce production costs by about 15%, and access guaranteed market prices. Interest rates are set at approximately 7% per year.
💰 AMK Scholarship Support (April 2026)
The Chip Mong Group pledged an additional USD 1 million to the AMK Scholarship Student Association (founded by Samdech Techo Hun Sen and his wife) to support underprivileged students. The group has been a supporter since 2015, and this latest commitment underscores its dedication to human capital development.
📱 Tax Payment Feature Launched (2026)
Chip Mong Bank became the first Cambodian bank to allow customers to pay taxes to the General Department of Taxation (GDT) directly through its mobile app. The feature simplifies tax compliance, allowing individuals and businesses to meet their obligations without visiting a tax office.
🏛️ National Digital Security Engagement (April 2026)
The bank participated as a Diamond Sponsor at Cambodia’s “Digital Security Day” event, demonstrating its commitment to promoting safe and secure digital transactions.
🏫 School Renovation CSR (2026)
Chip Mong Bank donated funds to renovate seven primary school buildings in Prasat Sambor district, Kampong Thom province, underlining its commitment to corporate social responsibility and education.
🔧 How Chip Mong Bank Compares
| Feature | Chip Mong Bank | ABA Bank | ACLEDA Bank |
|---|---|---|---|
| Parent | Chip Mong Group (local conglomerate) | National Bank of Canada | ACLEDA Group (local) |
| Founded | 2019 | 1996 | 1993 |
| Best for | SMEs, digital banking, ecosystem value | Expats, digital features | Rural coverage, stability |
| Mobile app award | Best Retail Banking App 2026 | None | None |
| Branches | 15+ (rapidly expanding) | 106 | 263+ |
| Unique feature | Group‑wide ecosystem synergy; tax payment via app | Industry‑leading mobile app | Largest branch network |
| Loans | SME, agricultural, mortgage | Personal, SME, mortgage | Personal, SME, micro‑credit |
| KHQR | ✅ | ✅ | ✅ |
🆚 Pros & Cons
| Pros | Cons |
|---|---|
| ✅ Award‑winning mobile app with clean interface and extensive features | ❌ Branch network is still limited compared to ABA or ACLEDA (15+ branches) |
| ✅ SME‑focused – Best SME Bank award, tailored lending products | ❌ Public fee schedule not easily accessible; some fees may apply without clear disclosure |
| ✅ Group ecosystem synergy – Seamless payments for Chip Mong Land properties, Khmer Beverages, etc. | ❌ Limited information on deposit account interest rates online |
| ✅ First‑to‑market features – Tax payment via mobile app | ❌ Younger bank with less track record than ABA or ACLEDA |
| ✅ Competitive term deposit rates | ❌ No international ATM network (though domestic ATMs are fee‑free for cardless withdrawals) |
| ✅ Strong corporate social responsibility (education, digital security) |
❓ Frequently Asked Questions
Is Chip Mong Bank safe?
Yes. Chip Mong Bank is a fully licensed commercial bank supervised by the National Bank of Cambodia (NBC). It is backed by the Chip Mong Group, one of the country’s largest and most successful conglomerates. The bank has also won industry awards for its digital security and customer service.
Can a foreigner open a Chip Mong Bank account?
Yes. Foreigners with a valid passport and long‑stay visa (E‑class) can open an account. Most products are available in both USD and KHR.
What is the minimum deposit for a term deposit?
The bank has not published a fixed minimum, but based on industry standards, it is likely USD 100 or KHR 400,000. Check the mobile app or contact a branch for exact details.
How do I open an account with Chip Mong Bank?
The easiest way is to download the Chip Mong Bank mobile app (iOS / Android) and follow the registration process. You can open a savings or term deposit account directly from the app. For some products, you may need to visit a branch for verification.
Does Chip Mong Bank have ATMs?
Yes. The bank has ATMs located at its branches and other key locations. The mobile app supports cardless withdrawal, allowing you to withdraw cash using your phone at any Chip Mong Bank ATM .
How do I contact Chip Mong Bank?
- Phone: +855 81 811 911 (as listed on Crunchbase)
- Email: [email protected]
- Head office: Building No 174, Floor 3-4, 164 Czech Republic Blvd. Corner, Sangkat Veal Vong, Khan Prampir Meakkakra, Phnom Penh
- Website: chipmongbank.com/en
🔗 Related Tools & Resources
- Directory of Financial Institutions in Cambodia – Complete list of NBC‑licensed banks
- Best Bank in Cambodia 2026 – Compare Chip Mong Bank with ABA, ACLEDA, Canadia, Wing, and FTB
- Invest & Travel Smart Toolkit – Financial calculators and planning tools
📢 Disclaimer
Bank policies, fees, interest rates, and product offerings may change without notice. This review is based on publicly available information as of April 2026. Always verify with Chip Mong Bank’s official website, mobile app, or a branch before making financial decisions. This article does not constitute financial advice.
🎯 Final Thoughts
Chip Mong Bank is a rising star in Cambodia’s crowded banking landscape. Backed by the immense resources and brand trust of the Chip Mong Group, it has quickly established itself as a serious contender, particularly in digital banking and SME lending.
Its award‑winning mobile app is among the best in the country, offering features – such as mobile tax payments and cardless withdrawals – that even some larger competitors have not yet implemented. For small business owners, the bank’s SME focus and dedicated loan products are a clear advantage. At the same time, its smaller branch network means that customers who rely heavily on in‑person banking may prefer a more established player.
Whether you are drawn to its cutting‑edge digital tools, want to benefit from the Chip Mong ecosystem, or are looking for a partner to grow your business, Chip Mong Bank deserves serious consideration. As it continues to expand its branch network and digital capabilities, it is poised to become one of Cambodia’s most trusted financial institutions.