Tag Archives: Financial crisis

Global economic downturn affected Cambodia: IMF warns

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

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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National Bank of Cambodia’s capital requirement affected the small and new banks

In an effort to tighten and strengthen the banking sector and to lower the inflation, the National Bank of Cambodia (NBC) has tripled the minimum capital requirement for commercial banks in Cambodia. According to the NBC’s Prakas on new capital … Continue reading

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