Tag Archives: central bank

Liquidity to stay tight: IMF

THE International Monetary Fund (IMF) on Friday said banking sector liquidity would remain tight for the rest of the year in a statement on the Cambodian economy following a routine visit to the Kingdom that ended Wednesday. The IMF blamed “slowing external inflows” for the reduction in free capital in the banking system despite recent … Continue reading

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 motorbikes to bicycles or even walking. As gas approached 5,700 riels ($1.36) per litre, commuting … Continue reading

National Bank of Cambodia denies banking instability

THE National Bank of Cambodia (NBC) said Thursday that the Kingdom is not exposed to the global credit crunch. Speaking at the Banking Cambodia conference that kicked off Thursday, Neav Chanthana, deputy governor at the central bank, said that the Cambodian banking sector remained in a healthy state. “The National Bank of Cambodia is very … Continue reading

Commercial bank VIP closed before operating any business

The Singaporean commercial bank VIP, located along Monivong Boulevard in Phnom Penh, was shutting its door before offering any loans or receiving any deposits. The closure was because that the bank could not meet the government’s reserve requirement, local media reported. VIP bank opened its operation in August and closed in December 2008. National Bank … Continue reading