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Tag Archives: Cambodian banks
NBC to plan to purchase $5 million
In order to protect of the depreciation of value of Cambodia’s currency and stabilize the Cambodia’s macroeconomics, the National Bank of Cambodia has tried to raise the value of Riel by purchasing a further US$5 million. The total of amount of dollars the central bank purchased reached US$48 million for the year. Since mid-April, Cambodia’s … Continue reading
Canadia Bank manages civil servant pensions
A leading Commercial bank – Canadia Bank – signed agreement with the National Social Security Fund for Civil Servants (NSSFCS) yesterday in Phnom Penh in order to manage a pension and social security fund to Cambodian civil servants. Initially, offering fund is for civil servants in Phnom Penh and it will be available through the … 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
ACLEDA bank opened new brand in Battambang
Leading commercial banks, ACLEDA Bank Plc, launched its 232nd brand in Battambang province in order to increase customer services, celebrated by H.E. Governor of Battambang province H.E provincial Council, Deputy Governor, Chairman and Delegation of international Business Chamber and other staff from bank. Recently, ACLECA has launched a top-up service suing mobile-phone technology and a … 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
