Categories
Popular posts
- 100% The Bank of China to operate in Cambodia
- 93% Cambodia’s national budget for 2011 approved by NA
- 76% Cambodia Securities Exchange got licence from SECC
- 63% Tips on how to Buy the very best College Computers Focused on to Get Payday loans online
- 57% Mobile phone banking system operated in Cambodia
Tag Archives: economic slowdown
Banking on an economic crisis
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 … Continue reading
From a banking boom to financial hardship
Chan Kok Choy, executive director of Vattanac Bank, speaks to the Post about the onset of the financial crisis, the general outlook for 2009 and how his bank plans to respond. Has the crisis slowed Vattanac Bank’s progress? Do you plan to lay off staff or reduce recruitment to cut costs? The economic crisis has … 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