Two of Cambodia’s leading commercial banks – locally owned Acleda bank Plc (Acleda) and South Korean-owned Phnom Penh Commercial bank Plc (PPCbank) – have been granted listing eligibility from the Cambodia Securities Exchange (CSX). This paves the way for the banks to move forward with plans ...

The first Banking Careers Forum, organised on Friday by CamEd Business School with the support of leading Banks and Micro Finance Institutions (MFIs), attracted hundreds of students –  the majority of them studying accounting and Banking – to participate and find job opportunities in the ...

The global economic recovery this year continues to benefit Cambodian banks, although insiders said yesterday macro-economic press-ures were still weighing on the industry. Some of Cambodia’s biggest banks had enjoyed a strong 2011 thanks to a rebound in lending, deposits and profits, officials said. Economists, ...

One of Japan’s largest banks will open a representative office in July due to burgeoning interest in Cambodia most likely by Japanese investors, a bank official said yesterday. Mizuho Financial Group will open a small office in Phnom Penh Tower on Monivong Boulevard on July 8, ...

Considered the world’s most valuable fluid, fresh clean water is a commodity that can become a life-and-death issue. Lack of it can also contribute to a child’s absenteeism rate in Cambodia, says a newly released study report by Research Advisor Helen Risebro and Professor Paul Hunter ...

Mizuho Bank, one of Japan’s largest Banks, opened a representative office here Monday thanks to increasing interest in Cambodia by Japanese investors, a Bank official said. To date, Cambodia has five foreign Banks’ representative offices, 34 commercial Banks, seven specialized Banks and 37 microfinance institutions, ...

Michael Lor of Malaysian-based EON Bank has been nominated to replace Pung Kheav Se, the current CEO of Canadia Bank. The information has been passed to the National Bank of Cambodia and is awaiting approval following a board meeting on June 30, 2011. The move ...

The Industrial and Commercial Bank of China (ICBC) will enter Cambodia’s Banking sector in November to become the country’s 30th commercial Bank to date, Xinhua news agency reported yesterday. The report said that ICBC president Yang Kaisheng had met with Prime Minister Hun Sen on Tuesday ...

Local conglomerate Royal Group said Tuesday that while it is committed to its partnership with Australia-based ANZ bank, it would entertain selling its stake in ANZ Royal bank for “a very high offer.” “The Royal Group would like to clarify that it is a strong and ...

The Techo Sen Institute (TSI) – run by the Ministry of Public Works and Transport – and the Cambodia Academy of Digital Technology (CADT) under the Ministry of Post and Telecommunications have announced plans to offer a number of scholarships to high school graduates. ...

ANZ Royal Bank posted an $8.1 million profit for 2010 according to the Bank’s annual report. A profit of $24.3 million was reported by Acleda. Trade and national payments were shows to have generated substantial earnings for the Bank according to the report. ...

The Kingdom’s first centralised credit bureau was on track to launch in February, officials said yesterday, although it had originally been slated to start by the end of this year. Credit Bureau Cambodia will collect and provide consumer and institutions’ financial information, which they can use ...

The Asian Development Bank (ADB) is taking over from the World Bank as lead foreign donor in Cambodia following the departure of the World Bank’s country manager, the ADB said yesterday. The switch followed a year in which the World Bank imposed a funding freeze ...

Central banks in the Association of Southeast Asian Nations plan to set up an “ASEAN bank” system that would make it easier for designated banks to set up subsidiaries and operate throughout the region, according to official sources. The plan to set up ASEAN banks is ...

Some of Cambodia’s largest banks and financial institutions have announced plans to expand their businesses following solid macroeconomic performance so far this year. The National bank of Cambodia (NBC) in July projected that the Kingdom’s economy is poised to have grown 7.1 per cent this year. ...

With a $148 million injection of capital through a Share Purchase Agreement, National Bank of Canada (NBC) now holds a 90 percent stake in ABA Bank, according to ABA and NBC executives, who ensured that the agreement will not alter ABA Bank’s strategy but enhance ...

The central banks of Cambodia and China are in talks to share customers’ credit reports in an effort to boost bilateral private investment, as a response to rising trade between the two countries. The National bank of Cambodia (NBC) director general Chea Serey told Khmer Times ...

With trade and investment between Cambodia and China steadily increasing, Chinese currency-backed settlements for cross-border commerce have sharply taken off as the Kingdom continues to deepen its economic dependency on the northern giant, a central bank official said yesterday. ...

Acleda Bank has raised its Bank capital—the amount of money it has available for expenditure—by 28 percent to $113.16 million, the Bank announced in a statement on Friday. In Channy, CEO of Acleda, said yesterday the extra capital would be used to increase its loan portfolio ...

The wages of 400,000 civil servants from 39 government ministries are to be paid via a new electronic banking system due to be rolled out next month. Secretary of State for the Ministry of Economy and Finance Chu Kim Leng announced the new payroll system on ...