Tag Archives: central bank

The Central Bank’s general functions and duties

According to the Law on the Organization and Conduct of the National Bank of Cambodia made on January 26, 1996, the National Bank of Cambodia (NBC) is the “Central Bank” which is an autonomous public entity of a commercial and … Continue reading

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Bank deposits climb in first half

A NUMBER of leading banks have reported a rise in deposits in the first six months of the year compared with the same period last year. They said the reasons were two-fold. Firstly, clients are turning to quality institutions to … Continue reading

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National revenue and expenditure handled by commercial bank

In a bid of the Cambodia government to enhance national financial accountability and strengthen effective management in public institutions, Ministry of Finance on Monday signed a memorandum of understanding with commercial bank, Acleda, to handle government’s budgetary and revenue transaction, … Continue reading

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Central Bank Sees No Emergency Loan Requests

Not a single lending institution in six months has taken the National Bank up on an offer of emergency loan assistance, officials said Friday. Emergency loans are available to banks facing liquidity constraints in the wake of the global financial … Continue reading

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Banking sector calls for cut in reserve rate to bolster liquidity

SOME of the country’s largest banks have called for a cut in the reserve requirement in a bid to free up capital and boost lending, a move that the NBC appeared to reject on Sunday in saying that the rate … 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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