Cambodian Economy Reviews

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 industrial nature.  The Central Bank’s Head Office is situated in Phnom Penh Capital of the [...]

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 manage their deposits, and secondly, the economic crisis means people are saving rather than investing. [...]

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, including the payment of government salaries in Kandal and Banteay Meanchey provinces. “Using the commercial [...]

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 crisis, but so far “none of the banks have applied for a loan,” according to [...]