Wing Bank (Cambodia) Plc: Best Social Impact Bank Cambodia 2022

Since its launch in 2008, Wing Bank (Cambodia) has worked to provide all Cambodians with convenient access to digital financial solutions that improve their daily lives. The bank has experienced a remarkable transformation in a relatively short span, evolving from a third-party processor to a specialised bank and, since last Autumn, a fully licenced commercial bank. Wing brought in a new CEO, Han Peng Kwang, a specialist with 25 years’ experience in commercial banking, to lead the bank in the next phase of its journey. The bank puts its customers at the heart of operations, prioritising their needs and promising quick responsiveness. Wing sees its employees as the pillar of the bank, and has created a progressive work culture where they can realise career aspirations while making positive community impacts. The bank helps to strengthen communities by delivering cost-effective mobile money services that promote financial inclusion, catalyse growth and reduce social inequalities. All the above is tied together by strong corporate governance standards that protect and balance shareholder and stakeholder interests. Wing recently expanded the product line to include loans and savings accounts. It also helps clients cover unexpected expenses by allowing salaried employees to draw a cash advance on their wages. During the Covid pandemic, Wing partnered with the ministry of affairs to distribute funds to the hardest-hit populations. The CFI.co judging panel congratulates repeat winner Wing Bank (Cambodia) on claiming the 2022 award for Best Social Impact Bank (Cambodia).