Commercial Banks and real estate agencies applauded the move, which the National Bank of Cambodia slashes bank reserve requirement from 16 percent to 12 percent, eliminated restrictions on real estate lending effective on Feb 01. The Central Bank tripled the minimum capital requirement for all commercial banks on September 19, 2008 in a bid to [...]
Posts Tagged ‘Banking System’
Maybank’s 3rd branch opens in Phnom Penh
January 26th, 2009 
Cambodia Economy Despite the global economic downturn, Malayan Banking Bhd (Maybank), which was set up its first brand in Phnom Penh since 1993, opened its third brand located along Mao Tse Tuong Boulevard. According to the Bank’s statement on January 23, the new brand would support its overall operation by offering trade finance facilities such as letters [...]
National Bank of Cambodia’s capital requirement affected the small and new banks
January 20th, 2009 Cambodia Economy 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 [...]
Posted in Banking System 
Tags: Acleda, ANZ, banking system, Banking System, Cambodian banks, Cambodian Public Bank, Canadia, Commercial banks, Financial crisis, In Channy, Inflation, microfinance institutions, National Bank of Cambodia, Phnom Penh, Property, specialized banks, VIP Bank 
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