A $100 million small and medium enterprise co-financing scheme (SCFS) fund was fully subscribed by mid-October 2020, according to a senior executive of SME Bank of Cambodia. ...

Advanced Bank of Asia Limited (ABA Bank) reported a pre-tax profit increase of 19.12 percent to $50.2 million in its quarterly report released yesterday. ...

Cambodian banks must integrate automated payment processing, according to Sabay Digital Corp’s co-founder Mike Gaertner. Its absence is a gaping hole in the Kingdom’s financial services. As a result, the Kingdom is notably left out of crucial consumer behaviour shaping the 21st century, including subscription ...

The local Sathapana Bank Plc has received $10 million from OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, allowing the Bank to expand its loan portfolio to small- and medium-sized enterprises (SME), and especially female entrepreneurs. ...

Local publicly-listed Acleda Bank Plc has added support for KHQR code scanning for payments on its mobile app. ...

MB and Shinsei Bank have signed a master agreement on the establishment of a commercial joint venture Bank in Cambodia on Dec. 2. ...

The World Bank is committed to continue its strong and close cooperation with the Royal Government of Cambodia, said visiting Ms Manuela V. Ferro, World Bank Regional Vice President for East Asia and Pacific (EAP) while paying a courtesy call on Cambodian Prime Minister, at ...

World Bank Regional Vice President for East Asia and Pacific Manuela V. Ferro appreciated Cambodia’s effective COVID-19 response and encouraged the country to boost investments in education while jump starting economic recovery during her country visit between March 13 and 17. ...

Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has released nearly $234 million to 1,981 small and medium enterprises (SMEs) in various sectors across the country through SME Co-Financing Scheme II (SCFS II) from mid-August last year to July this year, according to ...

Up to 238.7 trillion riel or $57.8 billion worth of loans were disbursed by banks and financial institutions in the first half of 2023, the National bank of Cambodia (NBC) shared in an X post this morning, noting its increase of 10.5 percent year-on-year. ...

A total of $53.46 million in loans have been disbursed to 346 tourism-linked businesses through state-owned Small and Medium Enterprise Bank of Cambodia Plc’s (SME Bank) $150 million Tourism Recovery Co-Financing Scheme (TRCS) as of April 30, since the loans began to be offered in ...

The National Bank of Cambodia (NBC) on Wednesday officially launched the country’s national clearing system in order to increase efficiency and expand clearing and settlement services for inter-Bank transactions. A central Bank statement said that the central system can clear and settle payment instruments such as ...

Malaysia-based Hong Leong Bank, a subsidiary of Hong Leong Financial Group Berhad, is planning to open a branch in Cambodia sometime this year, which would make it the fourth Malaysian Bank and the 33rd commercial Bank in Cambodia’s crowded Banking industry. Ngoun Sokha, director general of the ...

Thai Princess Maha Chakri Sirindhorn, a daughter of King Bhumibol Adulyadej of Thailand, has granted funds to build two institutes of technology in Kampong Thom and Kampong Speu provinces in order to provide technical education and training to poor Cambodian students. ...

Prime Minister Hun Sen has encouraged the United Kingdom to open schools, especially universities in Cambodia, after noting a growing trend of Cambodian students pursuing their studies in the UK. ...

The 22nd Asean Banking Conference and the 49th Asean Banking Council Meeting kicks off on Monday in Phnom Penh, Cambodia. This is the Kingdom’s first time hosting the conference and the second time for the council meeting. The event is organised by the Association of ...

Vietnamese Bank Sacombak (Cambodia) Plc, a wholly-owned subsidiary of SacomBank in Vietnam, will extend its operation in the Cambodian financial market, according to a Bank official. Nguyen Nhi Thanh, CEO and President of SacomBank in Cambodia, said during the first anniversary celebration after the Bank’s transformation ...

FacebookTwitterEmailShareCambodia’s banking and financial industry continued to enjoy healthy growth in both loans and deposits in the first half of 2023, said the biannual report of the National bank of Cambodia (NBC) released on Monday.​​ ...

Despite the recent downgrading of two of Cambodia’s major banks by ratings agencies Moody’s and Standard & Poor’s, bankers said yesterday that profits are up, loan portfolios are growing at a fast tick and non-performing loans are shrinking. In Channy, president and CEO of Acleda bank, ...

As trade activity between Cambodia and China intensifies, banks are seeing an increase in deals transacted in yuan, the Chinese currency. Operating in Cambodia since 2010, bank of China’s Phnom Penh Branch has been trying to promote business transactions in yuan, and has seen a significant ...