Economy and commerce

Banking and financial services

Acleda to be listed on CSX

Locally-owned Acleda Bank Plc will become the first commercial bank to be listed on the Cambodia Securities Exchange (CSX). It received an official letter to this effect from the National Bank of Cambodia (NBC) on November 26, which allows it to proceed with its plans for ...

May Kunmakara
https://www.phnompenhpost.com/business/acleda-be-listed-csx

Channy: Banking will stay strong, with or without EBA

Association of Banks in Cambodia president In Channy on Tuesday said the Kingdom’s banking sector will remain strong and not be directly affected by the potential suspension of its access to the EU’s “Everything But Arms” (EBA) trade agreement. ...

May Kunmakara
https://www.phnompenhpost.com/business/channy-banking-will-stay-strong-or-without-eba

Strong growth projected for Cambodia’s banking sector

National Bank of Cambodia (NBC) governor Chea Chanto said on Monday that the Kingdom’s economy has maintained robust growth with low and manageable inflation which paves a favourable path for the banking sector’s continuous development. Meanwhile, fintech is playing an important role in the financial ...

May Kunmakara
https://www.phnompenhpost.com/business/strong-growth-projected-cambodias-banking-sector

Asean banking conference to shape strategy for industry

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 ...

May Kunmakara
https://www.phnompenhpost.com/business/asean-banking-conference-shape-strategy-industry

MFI loans, deposits grow in first nine months of this year

Outstanding loans and deposits in Cambodia’s crowded microfinance institution (MFI) sector have seen a sharp rise in the first three quarters of this year. ...

May Kunmakara
https://www.phnompenhpost.com/business/mfi-loans-deposits-grow-first-nine-months-year

Local startup earns spot in fintech ranking

Cambodia was this month recognised for the first time in the 2019 Fintech100 – a collaborative effort between H2 Ventures and KPMG that analyses the fintech space globally.​ ...

Gerald Flynn
https://www.khmertimeskh.com/50661022/local-startup-earns-spot-in-fintech-ranking/

Banks to expand amid sound macroeconomy

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. ...

May Kunmakara
https://www.phnompenhpost.com/business/banks-expand-amid-sound-macroeconomy

Kingdom set to host Asean banking meet

Cambodia will host the 22nd Asean Banking Conference and the 49th Asean Banking Council Meeting, Association of Banks in Cambodia (ABC) president In Channy said on Thursday. Channy told The Post that the event will be organised by the ABC and will be held from ...

Thou Vireak
https://www.phnompenhpost.com/business/kingdom-set-host-asean-banking-meet

Report: 28.1% of Cambodians take out loans for healthcare

A new report has found that 28.1 per cent of Cambodians borrow money to pay for healthcare, with microfinance insiders claiming it does not reflect the reality in the financial sector. The University of New South Wales (UNSW) surveyed 5,000 households across Cambodia and found ...

Thou Vireak
https://www.phnompenhpost.com/business/report-281-cambodians-take-out-loans-healthcare

The macro challenges in Cambodia’s microfinance sector

In August, two local Cambodian organizations, Licadho and Sahmakum Teang Tnaut (STT) published Collateral Damage: Land Loss and Abuses in Cambodia’s Microfinance Sector, a report about the dangerous growth of the country’s microfinance sector. It spotlighted an issue that researchers have been warning about for years. A report ...

David Hutt
https://thediplomat.com/2019/10/the-macro-challenges-in-cambodias-microfinance-sector/

State Bank of Vietnam strengthens relations with Cambodian partner

The State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) held a bilateral meeting in Phnom Penh, Cambodia on September 16 to exchange and share experiences on macroeconomic management, especially in finance and banking. ...

Nhan Dan Newspaper
https://en.nhandan.org.vn/business/item/7922402-state-bank-of-vietnam-strengthens-relations-with-cambodian-partner.html

NGOs slammed over retraction refusal

The government yesterday slammed rights group Licadho and Sahmakum Teang Tnaut for refusing to attend a scheduled meeting and make a public statement retracting a critical report on the negative impacts of microloans. Last week, the two NGOs defended their research during a meeting with the ...

Ben Sokhean
https://www.khmertimeskh.com/50642142/ngos-slammed-over-retraction-refusal/

NGOs ordered to retract MFI report

The government yesterday ordered two NGOs to retract a critical report on the negative impacts of microloans after summoning their representatives for a meeting to defend their research. The report, published last month by Licadho and Sahmakum Teang Tnaut, featured seven case studies of abuse chosen ...

Khuon Narim
http://Khuon Narim

NGOs invited to discuss MFI report

Officials of NGOs Licadho and Sahmakum Teang Tnaut will attend a closed-door meeting at the Council of Ministers on Wednesday to explain the findings of their recent report claiming that increasing levels of debt at microfinance institutions (MFIs) has resulted in human rights violations. ...

Khorn Savi
https://www.phnompenhpost.com/national/ngos-invited-discuss-mfi-report

Cambodia’s total mortgages near $3.5B

Mortgage loans in Cambodia continue to surge this year, according to Credit Bureau Cambodia (CBC). The credit body’s consumer report showed that outstanding mortgages hit $3.42 billion at the end of June. CBC’s data showed that loans have increased by 30 percent from the same ...

Hor Kimsay
https://www.khmertimeskh.com/50635423/cambodias-total-mortgages-near-3-5b/

National Bank of Cambodia slams NGOs’ lending report

The National Bank of Cambodia (NBC) on Thursday slammed a report on predatory lending in the Kingdom by local human rights NGOs Licadho and Sahmakum Teang Tnaut (STT), which was released on Wednesday, as “flawed”. The report, entitled Collateral Damage, claimed that increasing levels of ...

Thou Vireak
https://www.phnompenhpost.com/business/national-bank-cambodia-slams-ngos-lending-report

Report: MFI loans force land sales, increase in child labour

A report from local human rights NGOs Licadho and Sahmakum Teang Tnaut (STT) claimed that the increasing levels of debt caused by taking loans from microfinance institutions (MFIs) is forcing rural families to sell off land. The study also claimed that the sharp rise in debt ...

Thou Vireak
https://www.phnompenhpost.com/business/report-mfi-loans-force-land-sales-increase-child-labour

Bank loan portfolios set to be at least 10% in local currency

Cambodian commercial banks are showing a stronger preference to provide riel loans to microfinance institutions (MFI) as they rush to increase the share of local currency in their loan portfolio to at least 10 per cent by the end of next year. ...

Hor Kimsay
https://www.phnompenhpost.com/business/bank-loan-portfolios-set-be-least-10-local-currency

Fresh round of MFI license cancellations by NBC

The National Bank of Cambodia (NBC) has rejected two license applications and revoked the licenses of 24 microfinance institutions operating outside the capital, according to an announcement released Wednesday. ...

Sum Manet
https://www.khmertimeskh.com/50531273/fresh-round-of-mfi-license-cancellations-by-nbc/

Firms back loan relief measures for victims

Representatives from the Kingdom’s microfinance sector on Sunday said the industry was keeping a close watch on those impacted by the Mekong River flooding, and that they were willing to take measures to reduce the financial burden on the victims. ...

Hor Kimsay
https://www.phnompenhpost.com/business/firms-back-loan-relief-measures-victims

Contact us

Contact us

Do you have questions on the content published by Open Development Cambodia (ODC)? We will gladly help you.

Have you found a technical problem or issue on the Open Development Cambodia (ODC) website?

Tell us how we're doing.

Do you have resources that could help expand the Open Development Cambodia (ODC) website? We will review any map data, laws, articles, and documents that we do not yet have and see if we can implement them into our site. Please make sure the resources are in the public domain or fall under a Creative Commons license.

File was deleted
ERROR!

Disclaimer: Open Development Cambodia (ODC) will thoroughly review all submitted resources for integrity and relevancy before the resources are hosted. All hosted resources will be in the public domain, or licensed under Creative Commons. We thank you for your support.

Zd6gT
* The idea box couldn't be blank! Something's gone wrong, Please Resubmit the form! Please add the code correctly​ first.

Thank you for taking the time to get in contact!