Ministries and other national bodies

National Bank of Cambodia

H2 inflation to fall below 5%: NBC boss

Average year-on-year inflation for the second half (H2) of 2022 will fall below five per cent, on the back of improvements in economic activity, as gross domestic product (GDP) grows around five per cent over the period, National Bank of Cambodia (NBC) governor Chea Chanto ...

May Kunmakara
https://www.phnompenhpost.com/business/h2-inflation-fall-below-5-nbc-boss

Inflation predicted to fall below five percent

Inflation remains under control and is predicted to drop below five percent as banking and financial institutes continue to aid post-pandemic economic recovery, says the National Bank of Cambodia. ...

Prak Chan Thul
https://kiripost.com/stories/inflation-predicted-to-fall-below-five-percent

Cambodia’s SMEs battle string of challenges

The Director General of the National Bank of Cambodia, Chea Serey, said on Thursday that Cambodian SMEs face a number of challenges that range from a lack of human resources and market capitalization, to access to credit. ...

Mao Sreypich
https://kiripost.com/stories/cambodias-smes-battle-string-of-challenges

Finance Ministry, NBC enhance digital verification of customer documents

The Ministry of Economy and Finance and the National Bank of Cambodia (NBC) have reached a memorandum of understanding on electronic Know Your Customer (e-KYC) cooperation, aiming to enhance digital verification of customer documents in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501106776/finance-ministry-nbc-enhance-digital-verification-of-customer-documents/

Ministry Of Women’s Affairs, NBC and Visa celebrate completion of partnership on Promoting Financial Literacy for women and women entrepreneurs

The Ministry of Women’s Affairs (MoWA), the National Bank of Cambodia (NBC), and Visa, have completed their year-long program “Promoting Financial Literacy for Women and Women Entrepreneurs”, helping to improve financial literacy and economically empower nearly 10,000 women, entrepreneurs and students across Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501039029/ministry-of-womens-affairs-nbc-and-visa-celebrate-completion-of-partnership-on-promoting-financial-literacy-for-women-and-women-entrepreneurs/

Paris Peace Agreement commemorated with 30k note

The government will put a 30,000 riel banknote into circulation to celebrate the 30th anniversary of the Paris Peace Agreement. ...

Yin Soeum
https://www.khmertimeskh.com/50954269/paris-peace-agreement-commemorated-with-30k-note/

NBC extends loan restructures to end of year

The National Bank of Cambodia (NBC) released a series of measures on Monday to extend relief to customers suffering financially from the effects of COVID-19.   ...

Brian Badzmierowski
https://www.khmertimeskh.com/50861450/nbc-extends-loan-restructures-to-end-of-year/

NBC: Fintech fuels 2020 boom in Kingdom's payment systems

Payment systems in Cambodia have seen remarkable strides in line with the evolution of financial technology (fintech) and significantly contribute to the development of the national economy, as digital transactions witness a Covid-19 boom, the National Bank of Cambodia (NBC) said in the 2020 annual ...

Thou Vireak
https://www.phnompenhpost.com/business/nbc-fintech-fuels-2020-boom-kingdoms-payment-systems

The National Bank of Cambodia discourages usage of bank notes to curb COVID-19 spread

The National Bank of Cambodia today issued an announcement encouraging all members of the public to use electronic payment services to participate in the prevention and control of the spread of COVID- 19. ...

Khmer Times Staff
https://www.khmertimeskh.com/50842182/the-national-bank-of-cambodia-discourages-usage-of-bank-notes-to-curb-covid-19-spread/

COVID won’t hold us back, ASEAN meeting agrees

Speaking at the virtually held ASEAN Finance and Central Bank Deputies’ Meeting (AFCDM), Neav Chanthana, deputy governor of the National Bank of Cambodia (NBC), said that members are committed to pushing economic growth in the region despite the Coronavirus pandemic. ...

Sok Chan
https://www.khmertimeskh.com/50832326/covid-wont-hold-us-back-asean-meeting-agrees/

Financial leniency urged for buyers of boreys, condos

The government on March 22 issued a plea to developers of borey gated-communities and condominiums in Cambodia to ease some of the financial pressure facing customers to pay monthly installments until the end of March 2022, in light of the Covid-19 pandemic. ...

Hin Pisei
https://www.phnompenhpost.com/business/financial-leniency-urged-buyers-boreys-condos

‘Allied action required for digital shift’

Cambodia continues to face a multitude of challenges as digital payments and solutions graduate from a niche business to a key segment in the Kingdom’s development strategy, according to National Bank of Cambodia (NBC) assistant governor Chea Serey on March 17. ...

May Kunmakara
https://www.phnompenhpost.com/business/allied-action-required-digital-shift

NBC’s director-general: Promoting financial inclusion

During an interview with CoinDesk’s online web show, “Money Re-imagined”, the Director-General and Assistant Governor of the National Bank of Cambodia (NBC) Chea Serey explained how the central bank is working towards financial inclusion by encouraging the opening of formal savings accounts. ...

Sok Chan
https://www.khmertimeskh.com/50825873/nbcs-director-general-promoting-financial-inclusion/

NBC, IFC to boost SME financial access

The National Bank of Cambodia (NBC) and the International Finance Corporation (IFC) will join forces on the “Cambodia Supply Chain Finance Market Development” project and expand financial access for the Kingdom’s small and medium-sized enterprises (SME). ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-ifc-boost-sme-financial-access

NBC launches new payment and transfer system

National Bank of Cambodia (NBC) officially launched its national retail payment system  “Retail Pay” yesterday to support and provide fast payment facilities for trade settlement and fund transfers in the Kingdom. ...

Sok Chan
https://www.khmertimeskh.com/50807469/nbc-launches-new-payment-and-transfer-system/

Payments balance up Kingdom sees a 1.7 percent surplus in 2020

The Kingdom’s balance of payments (BOP) saw a 1.7 percent surplus compared with its gross domestic product (GDP) in 2020 with growth supported by the in-flow of foreign direct investments and exports, according to a report from the National Bank of Cambodia (NBC). ...

Sok Chan
https://www.khmertimeskh.com/50807074/payments-balance-up-kingdom-sees-a-1-7-percent-surplus-in-2020/

NBC governor wins award

National Bank of Cambodia (NBC) governor Chea Chanto won Central Banker of the Year, Asia-Pacific award from premier financial magazine The Banker for his leadership in successfully navigating through a stormy 2020 during the Covid-19 crisis. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-governor-wins-award

NBC outlines 2021 risks for personal debt growth

The National Bank of Cambodia (NBC) said declines in personal income and savings in 2020 pose the primary risk for a potential increase in personal debt in the Kingdom in 2021, according to its Macroeconomic and Banking Sector Update 2020 report. ...

Sok Chan
https://www.khmertimeskh.com/50799995/nbc-outlines-2021-risks-for-personal-debt-growth/

NBC: 4% economic growth in 2021

The National Bank of Cambodia (NBC) on December 31 forecast that the Kingdom’s economic growth will return to four percent growth this year if Covid-19 vaccines can successfully curtail the spread in the first half. The central bank’s forecast published in its Macroeconomic and Banking ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-4-economic-growth-2021

NBC conference discusses growth models for economic development

The seventh annual NBC Macroeconomic Conference 2020 commenced yesterday under the theme of  “Discussion of  Cambodia’s Economic Development Models”.  It is being held virtually and will conclude on the morning of Dec 29. ...

Sok Chan
https://www.khmertimeskh.com/50798180/nbc-conference-discusses-growth-models-for-economic-development/

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