Logo of Phnom Penh Post newspaper Phnom Penh Post - FTB’s $112M new HQ breaks ground in Phnom Penh

FTB’s $112M new HQ breaks ground in Phnom Penh

Content image - Phnom Penh Post
The construction of FTB Tower, located on Lot A along Russian Boulevard in Monorom commune, will take three years to complete. It will have a helipad for helicopter landing at the top and four floors for parking in the basement. SUPPLIED

FTB’s $112M new HQ breaks ground in Phnom Penh

The Kingdom’s first local commercial bank, Foreign Trade Bank of Cambodia (FTB) – in collaboration with MSNH Investment Co Ltd – is embarking on a $112 million headquarters near the Peace Palace in the capital's Prampi Makara district.

The groundbreaking ceremony for the 28-storey FTB Tower was officiated by Deputy Prime Minister Chea Sophara, who is also Minister of Land Management, Urban Planning and Construction.

According to the FTB press statement, the tower will be its new headquarters, a prime hub of innovation and creativity in the expansion of banking products and services.

“Constructing and owning the rights to FTB Tower indicates our strength and longevity as the first local commercial bank in Cambodia.

“FTB has served customers and the market for over 40 years, and still continues to strive for the benefit and satisfaction of our customers in this rapidly growing banking industry,” it said.

The "Grade A" office building, which will cover a total gross floor area of 77,593sqm, is designed by world-renowned architect, London-based Aedas, and built by China Construction Midland (Cambodia) Co Ltd (CCM).

CCM is a subsidiary of China State Construction Engineering Corp, which was ranked 13th in the Fortune Global 500 list in 2021.

The architectural concept of the headquarters is anchored in the idea of a modern tower where its shape epitomises the FTB logo "Prohm" as a symbol of "strength and aspiration".

“FTB Tower is setting a benchmark for sustainable, modern and iconic office towers where Cambodian culture meets contemporary architecture,” it said.

According to the press statement, FTB – truly a local bank established in 1979 – has played a crucial role in helping develop the economy and local market through relentless provisions of banking products and services to customers.

Its total assets have risen to $1.71 billion, with a total loan portfolio at $1.15 billion and total deposits at over $1.4 billion.

“FTB is committed to helping local customers achieve further growth and prosperity, and forge ahead with the vision of becoming a preferred commercial bank in Cambodia,” the statement read.

The construction of the tower, located on Lot A along Russian Boulevard in Monorom commune, will take three years to complete. It will have a helipad for helicopter landing at the top and four floors for parking in the basement.

The tower will use state-of-the-art materials as well as the latest technologies in building automation, fire safety, and energy conservation and environmental protection in compliance with regional building standards.

Apart from the space it will occupy for banking operations, FTB will lease out the remaining office space.


  • Hun Sen: Stop Russia sanctions

    Prime Minister Hun Sen said sanctions against Russia as a result of its military offensive in Ukraine should be stopped as they have produced no tangible results, and predicted that a global food crisis would ensue in 2023 as a consequence. Speaking to an audience at

  • Chinese tourists 2.0 – Coming anytime soon?

    Regional tourism is grappling with the absence of the prolific travellers and big spenders – the Chinese tourists. Cambodia, which has welcomed over two million Chinese tourists before Covid-19, is reeling from the economic loss despite being the first to fully open last November ‘To put

  • PM reflects on shoe throwing: Free speech or act of violence?

    Prime Minister Hun Sen on May 17 questioned whether a man who threw a shoe at him while he was in the US was exercising freedom of expression or if it was an act of hostility. Hun Sen was referring to an incident last week when

  • Siem Reap’s Angkor Botanical Garden opens

    The Angkor Botanical Garden was officially opened on May 19 with free entry for both local and international visitors for the first six weeks. The garden was established on a nearly 15ha plot of land in Siem Reap. “After the first six weeks, Angkor Botanical Garden

  • Pub Street on the cards for Battambang

    The Battambang Provincial Authority has announced that it is considering establishing a Pub Street in the area around the heritage buildings in Battambang town in a bid to attract more tourists. Battambang provincial governor Sok Lou told The Post that the establishment of a Pub

  • Hun Sen: Don’t react to hostility

    Prime Minister Hun Sen urged tolerance and thanked members of the Cambodian diaspora for not reacting to the hostility on display towards him by others while he was in the US to attend the May 12-13 ASEAN-US Special Summit in Washington, DC. In an audio