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Tag Archives: banking system
WING gets A$1.5m grant from Australia
THE Australian government gave a A$1.5 million (US$975,000) grant Wednesday to WING, a mobile payment service and a wholly owned subsidiary of the Australia and New Zealand Banking Group (ANZ), through its Enterprise Challenge Fund. This grant will help support … Continue reading
ACLEDA posts rise in loans, deposits in Laos
ACLEDA Bank has posted healthy first-quarter figures for its operations in Laos, a bank representative said Tuesday, with the Cambodian-owned bank recording large increases in both deposits and loans, defying the financial crisis. Yin Virak, ACLEDA vice president and head … Continue reading
Posted in Banking System, Loan
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From a banking boom to financial hardship
Chan Kok Choy, executive director of Vattanac Bank, speaks to the Post about the onset of the financial crisis, the general outlook for 2009 and how his bank plans to respond. Has the crisis slowed Vattanac Bank’s progress? Do you … Continue reading
Posted in Banking System
Tagged acleda bank, ANZ bank, ATM Cambodia, ATM in cambodia, ATMs in Cambodia, bank Cambodia, bank in Cambodia, bank notes, bank of Cambodia, banking system, Cambodia ATM, cambodia bank, Cambodia banking, Cambodia loan, Cambodia microfinance, Cambodia stock exchange, Cambodia stock market, Cambodian bank, Cambodian banks, cambodian commercial bank, Cambodian currency, Cambodian money, cambodian national bank, car loan from Cambodia bank, car loan in Cambodia, commercial public bank, commerncial banks, credit card in cambodia, credit card service, economic slowdown, global financial crisis, khmer bank, loans, microfinance Cambodia, microfinance in Cambodia, microfinance loan, money banking in cambodia, money transfer via bank, motorcycle loan in Cambodia, National Bank of Cambodia, vatthac bank
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Vattanac Bank opened 3th Branch in Phnom Penh
Despite the global financial crisis, Vattanac Bank extended its operation by opening the third branch on Monday near Olymic stadium in Phnom Penh. The bank received its banking license from the National Bank of Cambodia on June 07, 2002 and … Continue reading
Posted in Banking System
Tagged acleda bank, Anchor beer, ANZ bank, ATM Cambodia, ATM in cambodia, ATMs in Cambodia, bank Cambodia, bank in Cambodia, bank notes, bank of Cambodia, banking system, Brewery, Cambodia ATM, cambodia bank, Cambodia banking, Cambodia loan, Cambodia microfinance, Cambodia stock exchange, Cambodia stock market, Cambodian bank, Cambodian banks, cambodian commercial bank, Cambodian currency, Cambodian money, cambodian national bank, car loan from Cambodia bank, car loan in Cambodia, Commercial banks, commercial public bank, credit card in cambodia, credit card service, deposit, foreign exchange, global financial crisis, khmer bank, loans, microfinance Cambodia, microfinance in Cambodia, microfinance loan, money banking in cambodia, money transfer via bank, motorcycle loan in Cambodia, National Bank of Cambodia, Real estate, remittance, Tiger beer, trade financing, trade service, Vattanac bank
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Liquidity to stay tight: IMF
THE International Monetary Fund (IMF) on Friday said banking sector liquidity would remain tight for the rest of the year in a statement on the Cambodian economy following a routine visit to the Kingdom that ended Wednesday. The IMF blamed … Continue reading
Posted in Banking System
Tagged Acleda, acleda bank, ANZ, ANZ bank, ATM Cambodia, ATM in cambodia, ATMs in Cambodia, bank Cambodia, bank in Cambodia, bank notes, bank of Cambodia, banking system, Cambodia ATM, cambodia bank, Cambodia banking, Cambodia loan, Cambodia microfinance, Cambodia stock exchange, Cambodia stock market, Cambodian bank, Cambodian banks, cambodian commercial bank, Cambodian currency, Cambodian money, cambodian national bank, capital, car loan from Cambodia bank, car loan in Cambodia, central bank, Commercial banks, commercial public bank, credit card in cambodia, credit card service, IMF, khmer bank, liquidity, microfinance Cambodia, microfinance in Cambodia, microfinance loan, monetary easing, money banking in cambodia, money transfer via bank, motorcycle loan in Cambodia, National Bank of Cambodia, soft loan for financial system
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Credit crunch hits MFIs
MICROFINANCE organisations said they expect slower growth and higher interest rates as the credit crunch hits foreign lenders who had been a key source of funding to local MFIs. The main threat, sources said, stems from the decrease in available … Continue reading