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 ...

Cheju Halla, a Korean university, plans to build a university of tourism and hospitality in Siem Reap next year, Tourism Minister Thong Khon told reporters yesterday at a meeting with Han Soo Kim, the new South Korean ambassador to Cambodia. The Ministry of Tourism has requested ...

Megabank Sumitomo Mitsui banking Corp. said Tuesday that it will boost business collaboration with Acleda bank, Cambodia’s leading commercial bank, and Absa bank in South Africa, Japan’s Jiji Press reported. The Sumitomo Mitsui Financial Group Inc. unit said it has dispatched a staff member to a ...

Gender studies will be incorporated into the curriculum at Cambodia’s largest university in an effort to shape the country’s top students’ views on the role of women in society, educators and experts said on Wednesday at a workshop on the course. A pilot program will begin ...

Earnings from two of Cambodia’s banks have shown growth within the sector for the first six months of 2011. Acleda bank and Cambodian Public bank Plc, have had their profits rise to $21.7 million and $13.4 million respectively. The banks have grown as a result ...

Citibank, one of the largest banks in the US, showed stronger interest in Cambodia yesterday when the Bangkok-based Thailand head of the big international bank met with Economy and Finance Minister Kheat Chhon. Mey Vann said Citibank recognized that Cambodia had a good investment climate and incentives ...

Cambodia rose five places to rank 133rd out of 185 countries in the World Bank’s annual Doing Business report released yesterday, with the Bank attributing the rise for the most part to the successful launch of the country’s credit bureau. Compared to other countries in the ...

Despite receiving applications from banks looking to enter Cambodia’s market, the central bank has said it will offer no more commercial banking licenses as the market already has enough players. The decision appears to follow advice offered by the International Monetary Fund earlier this year that ...

ACLEDA Bank, the largest locally owned commercial Bank in Cambodia, said it has raised its current registered capital by $72.5 million, to $185.6 million, for business expansion domestically and internationally. It is the tenth time the Bank has done so. ...

The National Bank of Cambodia was pushing microfinance institutions to look to domestic Banks for funding in an industry heavily reliant on foreign loans, experts said yesterday. Although the NBC is seeking to foster healthier relationships between MFIs and the Kingdom’s commercial Banks, a dearth of ...