PHNOM PENH, CAMBODIA – Foreign Trade Bank of Cambodia (FTB) has been officially selected to join the Climate Bank Accelerator (CBA) program, following the recent announcement by the Asian Development Bank (ADB). This transformative initiative is designed to advance climate finance and sustainability capabilities within Cambodia’s banking sector.
The program supports efforts to green the financial industry in Cambodia, including the development of the Sustainable Finance Roadmap and the implementation of the Sustainable Finance Taxonomy being led by the National Bank of Cambodia.
Following an open call for expressions of interest, three financial institutions were shortlisted based on the demonstration of each bank’s commitment to sustainability, level of institutional readiness, alignment with climate finance and green finance strategy goals, and capacity for innovation while FTB is one of financial institutions shortlisted.
Echoing the excitement, Dith Sochal, Chief Executive Officer of the Foreign Trade Bank of Cambodia, added, “This strategic partnership propels our journey to become Cambodia’s leading green bank—by strengthening climate risk management, setting credible emissions targets, and scaling practical green financing solutions. Together, we can turn climate ambition into actionable, bankable solutions that foster resilient and low-carbon growth for Cambodia.”
“We are excited to partner with some of Cambodia’s leading financial institutions to drive sustainable finance and support the transition to a low-carbon, climate resilient economy,” said ADB Country Director for Cambodia Jyotsana Varma. “We extend our gratitude to the Association of Banks in Cambodia (ABC) and the National Bank of Cambodia for their partnership and support, and we look forward to deepening collaboration across the sector. The development of a green financial sector is a key objective of ADB’s Private Sector Development Plan under our Cambodia Country Partnership Strategy 2024-2028.”
To ensure broader impact, the Program will also include training modules to be jointly developed with and made available to member banks of the ABC during 2025–2026, thus promoting cross-sector collaboration and knowledge sharing.
It’s important to note that ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet.
About FTB: As the first commercial bank in Cambodia, a truly local bank trusted since 1979, FTB has played crucial roles in helping to promote and develop the local market and economy through relentlessly providing wide ranges of banking products and services to customers. As of 2024, the total assets increased to US$2.28 Billion, total loan portfolio of US$ 1.33 Billion and total deposit of over US$ 1.93 Billion. FTB is committed to continually helping customers to achieve sustainable growth, prosperity and steadily forging ahead with the vision to be the preferred commercial bank in Cambodia.
