Tag Archives: banking sector

Mid-size lenders ask NBC to defer capital requirements

AS the deadline nears for each of the Kingdom’s banks to raise their minimum registered capital to US$37.5 million, some mid-sized lenders have called on the central bank to push back its late 2010 deadline, citing the effects of the … Continue reading

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Bad Loans on the Rise, Central Bank Warns

Cambodia’s banking sector will not be able to avoid further consequences from the global economic downturn, with non-performing loans increasing, the National Bank’s director- told a workshop last week. “For us, the economic crisis affected garment export, tourism, construction and … Continue reading

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Malaysian commercial bank opens its first branch

Kuala Lumpur-based 28th commercial bank – Malaysia’s Hwang DBS commercial bank- opened its first branch in Phnom Penh, Cambodia, setting up with capital of $20 million and will serve small-to-medium-size enterprises as well as individuals and foreigners in Cambodia. And … Continue reading

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ACLEDA profits plunge

AN increase in the volume of loans not repaid on time and greater lending caution led to a 54 percent drop in second-quarter profits at ACLEDA Bank, President and CEO In Channy said Monday. Unaudited quarterly financial statements released by … Continue reading

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Bank deposits climb in first half

A NUMBER of leading banks have reported a rise in deposits in the first six months of the year compared with the same period last year. They said the reasons were two-fold. Firstly, clients are turning to quality institutions to … Continue reading

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Moody upheld Acleda bank rating

On Friday, 19 June, 2009, Moody, US-based global credit risk agency, confirmed in its statement that it has kept up the bank’s previous ratings mainly due to the role of Acleda’s shareholders, have has long-term focus and have demonstrated their … Continue reading

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