With the slowdown of global financial crisis affecting the dropping value of Cambodian’s national currency, the National Bank of Cambodia (NBC) spent US$6 million to the market to keep the value of the riel stable and wanted to retain riel value at about 4,000 riel to every dollar. The National Bank of Cambodia is the [...]
Posts Tagged ‘National Bank of Cambodia’
Mid-size lenders ask NBC to defer capital requirements
September 15th, 2009 
Cambodia Economy AS the deadline nears for each of the Kingdom’s banks to raise their minimum registered capital to US$37.5 million, some mid-sized lenders have called on the central bank to push back its late 2010 deadline, citing the effects of the financial crisis. However, the chief executive officers of Advanced Bank of Asia (ABA), Madi Akmambet, [...]
Bad Loans on the Rise, Central Bank Warns
September 8th, 2009 Cambodia Economy Cambodia’s banking sector will not be able to avoid further consequences from the global economic downturn, with non-performing loans increasing, the National Bank’s director- told a workshop last week. “For us, the economic crisis affected garment export, tourism, construction and real estate,” said Director-General Tal Nay Im said at a workshop on the nation’s banking [...]
Posted in Loan 
Tags: Bad loan, banking sector, Cambodia banking, Financial crisis, lend a loan, National Bank of Cambodia 
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