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Tag Archives: banking sectors
Branch of Bank of China opened in Cambodia
The National Bank of Cambodia (NBC) gave in-principal approval to the Bank of China to open its business in Cambodia in June 2010. Yesterday, it is the first time that branch of Bank of China opened its business operation and customers can open bank accounts at the bank. The office of Branch of Bank of … Continue reading
Malaysian company to expand e-commerce in Cambodia
MobilityOne, which is Malaysian-based e-commerce Company, is looking online business in Cambodia by linking between banks and telecommunications. It is hopeful to launch an online mobile-banking, top-up and bill-payment system, accessible on the internet, mobile phones and ATMs within 2 to 3 months. Prakash Rao, Cambodia business development manager, was quoted by the Post as … Continue reading
The Bank of China to operate in Cambodia
The National Bank of Cambodia (NBC) gave in-principle approval to the Bank of China (BOC) to operate its first branch in Phnom Penh. The Bank of China would come to facilitate trade and investment between Cambodia and China. This year, NBC approved three foreign banks to operate in Cambodia, including the Bank of Agriculture and … Continue reading
Cambodian Public Bank opened 19th branch in Kampot
Cambodian Public Bank (Campu Bank), the second-largest lender in Cambodia, had launched its 19th branch in Kampong Bay commune, Kampot province. Phan Ying tong, the bank’s country head, was quoted by the Post as saying in press release Thursday that the opening of the branch is part of its long-term strategy of organic growth to … Continue reading
Lending remains flat at FTB Cambodia
THE FOREIGN Trade Bank of Cambodia saw a slight rise in its non-performing loans (NPL) in the first quarter of 2010, while lending was flat, according to official figures. The bank’s NPL rate – counted as loans the borrower has defaulted on for three months – rose to 6 percent from 5.56 percent in the … Continue reading
Banks report higher lending in Q1
BANKS saw increased lending in the first quarter this year, with bad loan rates declining and demand in key sectors rising, officials said. Lending at Canadia Bank rose 5 percent, to US$405 million, in the first quarter, up from $385 million at the end of 2009. Business loans have picked up since the last quarter … Continue reading
