Categories
Popular posts
- 100% The Bank of China to operate in Cambodia
- 92% Cambodia’s national budget for 2011 approved by NA
- 77% Cambodia Securities Exchange got licence from SECC
- 63% Tips on how to Buy the very best College Computers Focused on to Get Payday loans online
- 57% Mobile phone banking system operated in Cambodia
Tag Archives: ANZ
ANZ to sell $2bn in shares to fund RBS Asia buyout
AUSTRALIA and New Zealand Banking Group Ltd, the nation’s fourth-largest lender, plans to raise A$2.5 billion (US$2 billion) selling shares to fund a bid for Royal Bank of Scotland (RBS) Plc’s Asian assets. The Melbourne-based bank will sell the shares to institutional investors at A$14.40 each, a 7.5 percent discount to its last traded price, … Continue reading
Banking on an economic crisis
EXACTLY one year after the subprime mortgage crisis first hit in the United States in July 2007, Cambodia’s central bank took measures to reduce liquidity in its undeveloped financial system by doubling reserve requirements from 8 percent to 16 percent. This move showed Phnom Penh was clearly out of sync with the world’s major financial … Continue reading
Liquidity to stay tight: IMF
THE International Monetary Fund (IMF) on Friday said banking sector liquidity would remain tight for the rest of the year in a statement on the Cambodian economy following a routine visit to the Kingdom that ended Wednesday. The IMF blamed “slowing external inflows” for the reduction in free capital in the banking system despite recent … Continue reading
Bank technology to take hit
LEADERS in the country’s IT industry expect that the global financial crisis will slow investment in Cambodia’s banking technology, but are optimistic the sector is well-positioned for an eventual recovery. “Had it not been for the world economic downturn, we would be expecting rapid development of banking technology – because that is always the case … Continue reading
Mobile phone banking system operated in Cambodia
The first-ever mobile phone banking service, known WING, was launched by financial services provider Australia and New Zealand (ANZ) Banking Group, which is a start-up offering mobile phone payments services in Cambodia, aimed mainly at the unbanked, the service enables user to make various transactions. New SMS based-mobile phone payments services, WING, which is ANZ’s … Continue reading
National Bank of Cambodia’s capital requirement affected the small and new banks
In an effort to tighten and strengthen the banking sector and to lower the inflation, the National Bank of Cambodia (NBC) has tripled the minimum capital requirement for commercial banks in Cambodia. According to the NBC’s Prakas on new capital requirement and criteria for licensing approval on September 19, 2008, commercial bank reserves were raised … Continue reading
