Foreign Trade Bank of Cambodia (FTB) Nominated as Primary Candidate for Green Climate Fund (GCF) Accreditation

Phnom Penh, Cambodia – The Foreign Trade Bank of Cambodia (FTB) is proud to announce its nomination as a primary candidate for Green Climate Fund (GCF) accreditation by the Ministry of Environment and the Global Green Growth Institute (GGGI). This milestone marks a significant step forward in Cambodia’s climate finance landscape, positioning FTB as the first financial institution in the country with the potential to directly access international climate funding through the GCF.

As a primary candidate for GCF accreditation, FTB is recognized for its institutional readiness to deliver climate-aligned financing. Upon successful accreditation, FTB will be empowered to offer lower-cost financing, mobilize additional private sector investment, and reinforce environmental and social safeguards—strengthening its role as a catalyst for sustainable development.

FTB has proactively developed a comprehensive action plan to meet GCF accreditation standards. This includes capacity building, institutional strengthening, and the formulation of key internal policies such as an Environmental and Social Management System (ESMS) and gender action plans. These efforts are embedded within FTB’s strategic framework to ensure seamless integration and effective collaboration with the GCF.

Beyond access to concessional financing and technical assistance, this partnership represents a transformative opportunity for FTB to scale climate-resilient projects, deepen its leadership in sustainable finance, and contribute meaningfully to Cambodia’s national and international climate commitments.

It is important to note that the Green Climate Fund (GCF) is the world’s largest dedicated climate fund, supporting developing countries in their transition to low-emission, climate-resilient development. The GGGI-led GCF Readiness Project has played a pivotal role in enhancing the capacity of both government and private sector stakeholders, enabling them to navigate the complex climate finance ecosystem.

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$2.281 Billion, total loan portfolio of US$ 1.339 Billion and total deposit of over US$ 1.933 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.