Ministries and other national bodies

National Bank of Cambodia

ABC vows to increase riel usage

The Association of Banks in Cambodia (ABC) has committed to further increase the usage of riel through its members’ operations, as the local currency is now increasingly used in cash and digital transactions. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501470948/abc-vows-to-increase-riel-usage/

NBC calls for more salary payments in Riel

The National Bank of Cambodia (NBC) Governor Chea Serey encouraged businesses in the Kingdom to prioritize internal policies to pay staff salaries in Khmer Riel (KHR) as opposed to the US dollar (USD), especially in regards to businesses involved in the garment, textile and footwear ...

James Whitehead
https://www.khmertimeskh.com/501465505/nbc-calls-for-more-salary-payments-in-riel/

PM calls on Maybank to link cross-bank payment with NBC

Prime Minister Hun Manet urged Maybank, Malaysia’s most valuable bank brand, to enhance collaboration with the National Bank of Cambodia (NBC) to establish joint cross-bank payments for the promotion of the Kingdom’s financial sector. ... ...

Nhean Chamrong
https://www.khmertimeskh.com/501447877/pm-calls-on-maybank-to-link-cross-bank-payment-with-nbc/

Central banks of Cambodia, Malaysia sign deal on cooperation in cross-border QR payment scheme

The central banks of Cambodia and Malaysia on Tuesday signed a memorandum of understanding (MoU) on cooperation in cross-border QR payment scheme and financial innovation, said a joint press statement. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501447499/central-banks-of-cambodia-malaysia-sign-deal-on-cooperation-in-cross-border-qr-payment-scheme/

Financial firm consolidation will boost industry resilience, says NBC governor

Witnessing the merger between PRASAC Minority Depository Institution (MDI) and Kookmin Bank Cambodia, the Governor of the National Bank of Cambodia (NBC) Chea Serey expressed hope to see more consolation happening in the industry to boost its resilience and efficiency. ... ...

Nhean Chamrong
https://www.khmertimeskh.com/501446574/financial-firm-consolidation-will-boost-industry-resilience-says-nbc-governor/

Home not farming, takes precedence when Cambodians take MFIs loans

Showing a shift in mindset, more Cambodians are now taking loans from microfinance institutions (MFIs) over home needs than for farming. ... ...

Rachel David
https://www.khmertimeskh.com/501442492/home-not-farming-takes-precedence-when-cambodians-take-mfis-loans/

Gov’t peruses documents for receiving Japanese aid

The Ministry of Foreign Affairs and International Cooperation (MFAIC) held talks with a delegation from the Embassy of Japan (EoJ) aimed at exchanging views and methods to accelerate banking document procedures in receiving Japanese grant aid for development projects in the Kingdom. ... ...

Nhean Chamrong
https://www.khmertimeskh.com/501442506/govt-peruses-documents-for-receiving-japanese-aid/

Cambodia-India cross-border QR payment on the cards

The National Bank of Cambodia (NBC) and India’s NPCI International Payments Limited (NIPL) have discussed accelerating the implementation of the cross-border QR code payment to be comprehensive, reflecting both parties’ readiness for the collaboration. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501442015/cambodia-india-cross-border-qr-payment-on-the-cards/

Investment in financial sector falls 28.7%

Investment in the financial sector declined by 28.7 percent in 2023, despite an increase in foreign direct investment (FDI) of 14.5 percent, according to the National Bank of Cambodia’s (NBC) 2023 annual report. ... ...

Mao Sreypich
https://kiripost.com/stories/investment-in-financial-sector-falls-287

NBC injected $139 million to stabilise riel in 2023

The National Bank of Cambodia (NBC) sold $139.1 million through auction last year to stabilise the riel exchange rate and to rebound the economy, according to the central bank’s report released on Monday. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501431035/nbc-injected-139-million-to-stabilise-riel-in-2023/

Cambodia’s economy expected to grow 6.4 pct in 2024

The Cambodian economy is projected to grow by 6.4 percent in 2024, up from 5.5 percent in 2023, mainly driven by tourism and manufacturing sector, National Bank of Cambodia (NBC)’s Governor Chea Serey said on Friday. ... ...

Xinhua
https://www.khmertimeskh.com/501430154/cambodias-economy-expected-to-grow-6-4-pct-in-2024/

Cambodia’s banking and financial industry healthy, says NBC

The banking and financial industry has remained strong despite uncertainties on global economic growth causing the bankruptcies of banks in some countries. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501429237/cambodias-banking-and-financial-industry-healthy-says-nbc/

MFI outstanding loans stood at $5.13 billion in 2023 Q3

Total outstanding loans in the microfinance sector stood at $5.13 billion during the end of the third quarter of the last year, according to the latest data published by the Cambodia Microfinance Association (CMA). ... ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501422993/mfi-outstanding-loans-stood-at-5-13-billion-in-2023-q3/

Inclusive Digital Enhancement to Develop Family Economy and Women Business

The Ministry of Women’s Affairs has convened a workshop on “Understanding Inclusive Financial and Digital Enhancement” under a project of “Expansion of Opportunities for Rural Women in the Financial and Digital Sector.” ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501412418/inclusive-digital-enhancement-to-develop-family-economy-and-women-business/

NBC promote green finance

The National Bank of Cambodia (NBC) and the UN Economic and Social Commission for Asia and the Pacific (UNESCAP) have entered into a memorandum of understanding (MoU) to promote sustainable finance in Cambodia. ... ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-promote-green-finance

Cambodia planning $100M in bond issue

The government plans to issue a $100 million sovereign bond in 2024. The move aims to raise additional funds through the capital market to support public investment projects, while also repaying the principal and interest of previous issuances. ... ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-planning-100m-in-bond-issue

Ministry of Economy to raise $6.8M through sovereign bond issuance

The Ministry of Economy and Finance plans to raise approximately 28 billion riel ($6.8 million) through the issuance of sovereign bonds via the National Bank of Cambodia’s (NBC) online trading platform (NBCP), aiming to garner additional funds from the capital market for public investments. ... ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdom-to-issue-bonds-worth-28b-for-progress

BOC Phnom Penh Branch authorized as RMB clearing bank

China’s central bank announced on Monday that it has authorized the Bank of China (BOC) Phnom Penh Branch to be the clearing bank for renminbi (RMB) business in Cambodia. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501406842/boc-phnom-penh-branch-authorized-as-rmb-clearing-bank/

NBC committed to promoting sustainable financing, says Serey

The National Bank of Cambodia (NBC) is committed to promoting sustainable financing, which has been categorised as one of the key priorities within the first phase of the Pentagonal Strategy, its Governor Dr Chea Serey said on Friday. ... ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501404710/nbc-committed-to-promoting-sustainable-financing-says-serey/

‘Fintech playing key role in financial inclusion efforts’

The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ... ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501399932/fintech-playing-key-role-in-financial-inclusion-efforts/

Cambodia, China reach cooperation on financial innovation and payment system

Cambodia and China have entered into cooperation on financial innovation and clearing and settlement arrangements, to facilitate efficient and secure cross-border payment transactions between the two countries. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501396725/cambodia-china-reach-cooperation-on-financial-innovation-and-payment-system/

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