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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 realize the potential of money market accounts. 1. Look around. Banks compete fervently for business … Continue reading
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 Cambodia’s banking sector is growing and has managed to withstand the onslaught from the global … Continue reading
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 offer banking products and services to Cambodians and foreign businessmen. Datuk Seri Nazir Razak, Chief … Continue reading
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 shops must show license. Chea Chanto, NBC’s governor, also has warned tourists and the public … Continue reading
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 development bank that sold its stake in ACLEDA, has announced the price of the sale … Continue reading
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 for the global economy. JSH Asian Holdings, a group subsidiary, will purchase the stake from … Continue reading
