Tag Archives: banks

US Retail Banks

Retail banks are general banking institutions that deal with individual customers and small scale industrialists. They keep their customer’ money safe and give them financial tips and guidance. These banks normally deal in home loans, savings, as well as checking … Continue reading

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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 … Continue reading

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Banking on an economic crisis

EXACTLY one year after the subprime mortgage crisis first hit in the United States in July 2007, Cambodia’s central bank took measures to reduce liquidity in its undeveloped financial system by doubling reserve requirements from 8 percent to 16 percent. … Continue reading

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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

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Economic meltdown

THE current economic crisis is unravelling before us faster than even the most pessimistic of experts predicted just a few months ago. The effects are already trickling down to ordinary working people. In the Asia Pacific region, the International Labour … Continue reading

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Reserve requirements

ON July 11, 2008, the price of a barrel of oil hit a record US$147.55, and most natural resource and food commodities were setting new highs and increasing inflation. In Cambodia there were stories of people switching from cars and … Continue reading

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