Tag Archives: Commercial banks

CampuBank securities gained a securities licence

The Securities and Exchange Commission of Cambodia (SECC) issued the securities company licence to CampuBank Securities Plc, which is the subsidiary owned by Cambodian Public Bank plc, to act on securities underwriting business, securities dealing business, securities brokerage business and investment advisory business in Cambodia. Underwriting is to provide advice on the issue of securities … Continue reading

Maybank expanded 9th branch in Sihanoukville

Malayan Banking Bhd- Maybank – opened its ninth branch in Sihanoukville last week and it is the third branch located outside of Phnom Penh in order to expand customer reach and tap the growing economic potential in Cambodia. Other two branches outside of the capital are located in Siem Reap province, which is the tourism … Continue reading

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