Tag Archives: banking sector

Five Tips to Increase Money Market Accounts

Money market accounts can provide some of the best interest rates and returns available on the market. Simply because money market accounts are made to generate a higher yield than traditional savings accounts. Here are some tips on how to … Continue reading

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Cambodian people feel confidence of Cambodia banks

In the last decade, it is because of sustainability of politics and economics, Cambodian people feel confidence of Cambodian banking sector, and they dare to deposit their money at banks, not keep it in home as before. Public confidence in … Continue reading

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CIMB officially launched its business in Cambodia

CIMB Bank Plc, which is CIMB Group’s subsidiary, was officially opened its business yesterday in Cambodia after getting licence of banking operation. CIMB received approval in principal to establish and operate in the Kingdom of Cambodia six months ago to … Continue reading

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NBC warned counterfeit money exchange

In order to maintain the interest of tourists and general public in Cambodia to avoid the exploitation of exchange rates among of the money exchange shops, and all currency conversation business, National Bank of Cambodia (BNC) announced that money exchange … Continue reading

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ACLEDA stake sold ‘much higher’ than book value: CEO

JARDINES Matheson Group would have paid “much higher” than the book value for its purchase of a 12.25 percent stake in ACLEDA Bank announced Thursday, said the lender’s CEO and President In Channy. Although neither Jardines nor FMO, the Dutch … Continue reading

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ACLEDA stake sale points to maturing banking industry

DIVERSIFIED regional holdings firm Jardine Matheson Group has acquired a 12.25 percent stake in ACLEDA Bank for an undisclosed sum, according to a Thursday announcement, a deal that analysts said represented confidence in Cambodia’s financial sector after a turbulent year … Continue reading

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