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 [...]
Posts Tagged ‘central bank’
Central Bank Sees No Emergency Loan Requests
June 19th, 2009 
Cambodia Economy 
Posted in Loan 
Tags: banking, banking sectors, Cambodian banks, central bank, Commercial banks, Financial crisis, grant loans 
No Comments »Banking sector calls for cut in reserve rate to bolster liquidity
May 26th, 2009 Cambodia Economy 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 would stay at 12 percent. The reserve requirement forces banks to deposit a percentage of [...]
Banking on an economic crisis
May 8th, 2009 Cambodia Economy 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. This move showed Phnom Penh was clearly out of sync with the world’s major financial [...]
