Tag Archives: deposit

Vattanac Bank opened 3th Branch in Phnom Penh

Posted on March 17, 2009 by Cambodia Economy

Despite the global financial crisis, Vattanac Bank extended its operation by opening the third branch on Monday near Olymic stadium in Phnom Penh. The bank received its banking license from the National Bank of Cambodia on June 07, 2002 and … Continue reading →

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Global economic downturn affected Cambodia: IMF warns

Posted on February 12, 2009 by Cambodia Economy

With the impact of the global financial crisis and economic slowdown, The International Monetary Fund (IMF) warned that Cambodian economy will face “serious challenges”. IMF projected that the growth rate of Cambodian economy would be falling below 4.8 percent in … Continue reading →

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Commercial bank VIP closed before operating any business

Posted on January 28, 2009 by Cambodia Economy

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 … Continue reading →

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