Banking and financial services

A Dutch government watchdog group accepted a complaint last Friday alleging that social investor Oikocredit contributed to abuses in Cambodia’s microfinance sector. ...

Governor of the National Bank of Cambodia (NBC) Dr. Chea Serey participated in the Vaduz Roundtable Forum on “Financial System 2023” in Vaduz, Liechtenstein, late last week, to share NBC’s experience in financial system improvement. ...

The Banking Jobs and Skills Summit 2023 is set to take place from September 29-30 at the National University of Management (NUM), featuring around 20 financial institutions and offering thousands of job opportunities to students. ...

Loans worth $54.2 million were approved by state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) for 350 businesses under the Tourism Recovery Co-Financing Scheme (TRCS) as of August 31, 2023. ...

The National Bank of Cambodia (NBC) has scheduled four foreign exchange auctions this September to infuse a total of $50 million into the market. The move comes at a critical time, with experts viewing it as a significant step towards stabilising the Cambodian riel against ...

The National Bank of Cambodia (NBC) will intervene in the currencies market in response to slower demand for riel and appreciation of the US dollar in the international foreign exchange market, an NBC release said. ...

Growth in the offtake of loans from financial institutions is forecast to be in single digits this year in Cambodia, compared to the 17 percent growth in 2022, according to the Cambodian Financial Sector Report 2023 by Mekong Strategic Capital. ...

Despite challenging global conditions, Cambodia’s finance sector delivered a reasonable performance in 2022 with a strong balance sheet growth, offset by higher expenses and credit costs. ...

Cambodian media has reported on August 25 that the State Bank of Vietnam (SBV) has signed a Memorandum of Understanding (MoU) on cooperation in regional payment connectivity with the central banks of Indonesia, Malaysia, Philippines, Singapore and Thailand. ...

A multitude of international financial institutions and central banks have congratulated and expressed confidence over Chea Serey’s appointment as governor of the National Bank of Cambodia (NBC), acknowledging her expertise and qualification to develop the Kingdom’s banking sector. ...

Acleda Bank Plc plans to expand the KHQR system to non-Association of Southeast Asian Nations (ASEAN) member countries, said a senior bank official. ...

The National Bank of Cambodia (NBC) and Bank of the Lao PDR (BOL) on Friday launched the cross-border payment via QR Code in Laos in the first phase, said a statement. ...

The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) are working together with members over the allegation on suicides and attempted suicides due to over-aggressive handling by loan officers in Ratanakkiri recently. ...

The Indonesian Financial Services Authority, commonly known as OJK, has joined forces with its Cambodian counterpart to bolster the supervision of non-bank financial institutions and contribute to the stability of the global financial system. ...

The Cambodian banking industry is facing increasing systemic risks due to the looming economic uncertainty and rising non-performing loans (NPLs). ...

South Korea’s KB Kookmin Bank on Sunday said it received final approval on Friday from Cambodia’s Ministry of Commerce to launch the integrated commercial bank KB Prasac Bank. ...

In one year since its official rollout in 2022 by the National Bank of Cambodia, KHQR, the universal quick response (QR) platform of the country for digital payments, has recorded nearly 400,000 transactions. ...

The International Finance Corporation’s (IFC) watchdog announced Tuesday it will proceed with an investigation into Cambodia’s leading microfinance firms, after the IFC withdrew a request for review of the decision to investigate. ...

Cambodia has recorded a sharp rise in mobile payments as more and more people have turned from cash-based to digital transaction options, the National Bank of Cambodia (NBC) said. ...

Cambodian people and foreigners who are in need of riel banknotes before arrival in the Kingdom can now be able to change foreign currencies for Cambodia’s national currency at the Travelex money exchange counters in Singapore’s major international airport commonly known as Changi Airport, said ...

Cambodia’s international reserves had risen to $18.4 billion as of June 2023, up 3.2 percent from $17.82 billion at the end of 2022, said a report of the National Bank of Cambodia (NBC) on Monday. ...

The government has raised funds through government bond issuance with a total of $27 million in the first six months of this year, accounting for 13.5 percent of the $200 million target. ...

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.​​ ...

The banking system has demonstrated its robustness through high levels of liquidity and capital, and will remain sound and resilient while playing a crucial role in supporting economic activities, despite recent global turbulence, according to the National Bank of Cambodia (NBC). ...