Ministries and other national bodies

National Bank of Cambodia

Kingdom’s financial sector healthy

Cambodia’s financial sector remains on a sustainable growth path despite the Covid-19 pandemic squeezing crucial industries, National Bank of Cambodia (NBC) governor Chea Chanto said. ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdoms-financial-sector-healthy

E-payments, key to promoting financial inclusion

Cambodia has seen recent and rapid growth in digital and electronic payment services, where the platform is regarded as a key to promote the Kingdom’s financial inclusion. ...

Sorn Sarath
https://www.khmertimeskh.com/50736465/e-payments-key-to-promoting-financial-inclusion/

NBC meet set to shape post-Covid economy

The National Bank of Cambodia (NBC) will host its seventh Annual Macroeconomic Conference under the theme “Discussion of Cambodia’s Economic Development Models” to gather input from academics, researchers, industry insiders and economists about how to structure the economy in a post-Covid-19 world. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-meet-set-shape-post-covid-economy

Local vendors shun small US currency

Reports of local vendors refusing to accept small US currency banknotes has continued over the weekend, despite repeated calls from both the Kingdom’s central bank and Prime Minister Hun Sen that all US currency banknotes will still be considered “legal tender”. ...

Harrison White
https://www.khmertimeskh.com/50728832/local-vendors-shun-small-us-currency/

Blockchain system will reduce dependence on the ‘greenback’

Cambodian’s will soon be able to make near-instant payments via a new blockchain payment platform being launched under a system called Distributed Ledger Technology (DLT) that will “ultimately undermine the popularity of the US dollar”, according to the Kingdom’s central bank director. ...

Harrison White
https://www.khmertimeskh.com/50723403/blockchain-system-will-reduce-dependence-on-the-greenback/

Leasing Industry registers 63 percent surge in 2019

The Central Bank has reported that the total value in the leasing industry was recorded at  1,169 billion KHR ($287million), an increase of about  63 percent in 2019 compared with the year before. ...

Sok Chan
https://www.khmertimeskh.com/50718028/leasing-industry-registers-63-percent-surge-in-2019/

Real estate boosted last year but likely to suffer this year

The inflow of foreign direct investment (FDI) into the real estate sector in Cambodia was estimated at more than $437.3 million in 2019, according to data from the just-issued National Bank of Cambodia’s (NBC) Annual Banking Supervision Report 2019. ...

Sok Chan
https://www.khmertimeskh.com/50718100/real-estate-boosted-last-year-but-likely-to-suffer-this-year/

New NBC guidelines on financial institutions

The National Bank of Cambodia (NBC) has requested financial institutions to reduce credit-related fees and lift fines until the end of December 2020, according to a letter it wrote. ...

Sok Chan
https://www.khmertimeskh.com/50717330/new-nbc-guidelines-on-financial-institutions/

Agriculture to be a key pillar for economy

NBC’s Director-General has said that agriculture could potentially contribute to Cambodia’s economic growth as the workforce in the sector continues to increase while productivity remains high. ...

Sok Chan
https://www.khmertimeskh.com/50715090/agriculture-to-be-a-key-pillar-for-economy/

Nation’s banks adopt NBC’s COVID-19 crisis measures

As COVID-19 continues to carve out a path of economic destruction in the Kingdom, several financial institutions are considering re-classifying their loan-repayment structures to help relieve customers in fiscal trouble, in line with recent guidelines released by the National Bank of Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50712853/nations-banks-adopt-nbcs-covid-19-crisis-measures/

Riel effort to help local currency

The governor of the National Bank of Cambodia, the nation’s central bank, Chea Chanto, has opened his heart about the future of the domestic currency and the dollar. ...

Khmer Times Staff
https://www.khmertimeskh.com/50709853/riel-effort-to-help-local-currency/

Strong capital, liquidity in financial services

The National Bank of Cambodia (NBC) has affirmed that commercial banking and finances have strong capital and liquidity although Novel Coronavirus outbreak is hitting the country’s economy. ...

Sok Chan
https://www.khmertimeskh.com/50708404/strong-capital-liquidity-in-financial-services/

Electronic settlements encouraged

The National Bank of Cambodia (NBC) is encouraging the use of electronic methods for settlements rather than using cash to prevent the possible spread of the COVID-19 pandemic. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50704646/electronic-settlements-encouraged/

Financial institutions give their support to NBC’s liquidity plan

The National Bank of Cambodia (NBC) on Wednesday announced the release of two more policies to increase liquidity in the local economy. ...

May Kunmakara
https://www.phnompenhpost.com/business/financial-institutions-give-their-support-nbcs-liquidity-plan

Banks support NBC proposal

The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have expressed support for suggestions the National Bank of Cambodia (NBC) has given to financial institutions to reduce the impact of Covid-19 on the local economy. ...

May Kunmakara
https://www.phnompenhpost.com/business/banks-support-nbc-proposal

Banks, MDIs urged to provide loans

The National Bank of Cambodia (NBC) has encouraged banks and money-deposit taking institution (MDIs) to continue disbursing loans and possibly suspend interest for businesses impacted by the Covid-19 outbreak, especially in the tourism industry. ...

May Kunmakara
https://www.phnompenhpost.com/business/banks-mdis-urged-provide-loans

NBC’s digital payments to go live in next few months

The National Bank of Cambodia (NBC) will launch a Blockchain-based, peer-to-peer payment and money transfer platform in the next few months, its director-general Chea Serey told The Post on Monday. Dubbed ‘Project Bakong’, the scheme already has the support of 11 banks, with many more ...

May Kunmakara
https://www.phnompenhpost.com/business/nbcs-digital-payments-go-live-next-few-months

Circulation of riel rises 33%

The share of riel in circulation in the Kingdom grew by about 33 per cent year-on-year by last year’s end as deposits in riel increased by 37 per cent, said the National Bank of Cambodia (NBC) 2019 Review and 2020 Outlook report. The report noted ...

Hin Pisei
https://www.phnompenhpost.com/business/circulation-riel-rises-33

FDI to Cambodia rockets 12% to $3.5 billion in 2019

Cambodia attracted more than $3.5 billion in foreign direct investment (FDI) last year, an increase of nearly 12 per cent over 2018, thanks in part to Chinese investors who accounted for half of the investments, a National Bank of Cambodia (NBC) report released last week ...

Hin Pisei
https://www.phnompenhpost.com/business/fdi-cambodia-rockets-12-35-billion-2019

Report: Banking system healthy

Political stability, growth in all economic sectors and a strong banking system were major drivers that reinforced public confidence in the Kingdom’s banking system last year, said the National Bank of Cambodia (NBC). According to its “Macroeconomic and Banking Progress 2019 Report and 2020 Outlook”, ...

May Kunmakara
https://www.phnompenhpost.com/business/report-banking-system-healthy

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