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 financial literacy, increase income opportunities and provide millions of dollars worth of savings for Cambodians [...]
Posts Tagged ‘banking system’
ACLEDA posts rise in loans, deposits in Laos
April 8th, 2009 
Cambodia Economy 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 of the bank’s International Department, said the bank’s loans had more than doubled from US$1.2 [...]
Posted in Banking System, Loan 
Tags: Acleda, banking system, Cambodian banks, Commercial banks, lender, loans 
No Comments »From a banking boom to financial hardship
March 18th, 2009 Cambodia Economy 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 plan to lay off staff or reduce recruitment to cut costs? The economic crisis has [...]
