Ministries and other national bodies
National Bank of Cambodia
NBC chief urges SMEs to adopt digital tools
Chea Serey, Governor of the National Bank of Cambodia (NBC), on Thursday urged the owners of small and medium enterprises (SMEs) to adopt digital tools to expand their financial and market access. ...
Nhean Chamrong
https://www.khmertimeskh.com/501589326/nbc-chief-urges-smes-to-adopt-digital-tools/
NBC seeks riel accounts for all businesses
The National Bank of Cambodia (NBC) and the Ministry of Commerce (MoC) on Tuesday asked all banking and financial institutions (FIs) to cooperate in opening bank accounts in KHR for all businesses registered in Cambodia. ...
Sum Manet
https://www.khmertimeskh.com/501586430/nbc-seeks-riel-accounts-for-all-businesses/
NBC alerts of potential financial losses against illegal loans
The National Bank of Cambodia (NBC) Tuesday warned the public against the availing illegal loan services, emphasizing the potential financial losses and significant risks. ...
Chea Vanyuth
https://www.khmertimeskh.com/501571532/nbc-alerts-of-potential-financial-losses-against-illegal-loans/
Serey says NBC dedicated to fostering fintech adoption
Chea Serey, Governor of the National Bank of Cambodia (NBC), yesterday called on the private sector to foster financial and technology (fintech) adoption, innovation and fair competition as the national bank is working to create a system that allows consumers to make payments with just ...
Nhean Chamrong
https://www.khmertimeskh.com/501561896/serey-says-nbc-dedicated-to-fostering-fintech-adoption/
NBC to launch Bakong for foreign tourists
Tourists visiting Cambodia will soon be able to conduct transactions using the Bakong payment system, according to Chea Serey, Governor of the National Bank of Cambodia (NBC), recently. ...
Chea Vanyuth
https://www.khmertimeskh.com/501526826/nbc-to-launch-bakong-for-foreign-tourists/
Cambodia and Indonesia agree to strengthen cooperation in developing the banking sector of the two countries
Dr. Chea Serey, Governor of the National Bank of Cambodia, received a courtesy call from Santo Darmosumarto, Ambassador Extraordinary and Plenipotentiary of the Republic of Indonesia to Cambodia, on June 26, 2024, at the National Bank of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501514105/cambodia-and-indonesia-agree-to-strengthen-cooperation-in-developing-the-banking-sector-of-the-two-countries/
Kingdom driving green financing via effective policy
Cambodia is driving green financing through effective changes in policy, said National Bank of Cambodia (NBC) Governor Chea Serey, while in Brussels, Belgium. ...
Rachel David
https://www.khmertimeskh.com/501499473/kingdom-driving-green-financing-via-effective-policy/
NBC, ministry join hands for women’s financial upliftment
The National Bank of Cambodia (NBC) signed a key agreement with the Ministry of Women’s Affairs on Monday in Phnom Penh for the upliftment of women in financial matters. ...
Jigmee Palden Pazo
https://www.khmertimeskh.com/501496418/nbc-ministry-join-hands-for-womens-financial-upliftment/
Bank lending to households posts weak growth, says NBC
With bank credit growth reaching its lowest in two decades in Cambodia, households’ mortgage loans posted weak growth in 2023, said the Annual Financial Stability Review Report 2023 of the National Bank of Cambodia (NBC). ...
Rachel David
https://www.khmertimeskh.com/501492423/bank-lending-to-households-posts-weak-growth-says-nbc/
FDI inflows into manufacturing remain high
Foreign direct investment (FDI) inflows into the manufacturing sector remained high, after investment into construction and real estate, as per the Annual Financial Stability Review Report 2023 of the National Bank of Cambodia (NBC). ...
Rachel David
https://www.khmertimeskh.com/501491715/fdi-inflows-into-manufacturing-remain-high/
The National Bank of Cambodia reviews measures of housing prices
The Asian Development Bank forecast last month that Cambodia would have one of the lowest inflation rates in Southeast Asia this year if global fuel prices remain stable. ...
New strategy to boost Cambodia’s financial sector, says Serey
The new financial development strategy for the next five years aims to help the financial sector bag greater achievements as it supports inclusive economic development, contributing to reducing poverty nationwide, said Chea Serey, Governor of the National Bank of Cambodia (NBC). ...
Nhean Chamrong
https://www.khmertimeskh.com/501489146/new-strategy-to-boost-cambodias-financial-sector-says-serey/
Ministry of Women’s Affairs and National Bank of Cambodia receive the Global Summit of Women 2024 Roundtable Ministerial Award
The Ministry of Women’s Affairs and the National Bank of Cambodia have received the Global Summit of Women 2024 Roundtable Ministerial Award on “projects that have a positive impact on women and girls” through the use of the payment system “Bakong” from the World Women’s ...
Khmer Times Staff
https://www.khmertimeskh.com/501487559/ministry-of-womens-affairs-and-national-bank-of-cambodia-receive-the-global-summit-of-women-2024-roundtable-ministerial-award/
Fintech helped us reduce costs, NBC Governor tells Dubai Fintech Summit
Adoption of digital payments has helped in reducing remittance costs, said Chea Serey, Governor, National Bank of Cambodia at a panel discussion on ‘Sustainable Capital: Environmentally Consolidated Finance’ on Monday at the Dubai Fintech Summit in UAE. ...
Khmer Times Staff
https://www.khmertimeskh.com/501485201/fintech-helped-us-reduce-costs-nbc-governor-tells-dubai-fintech-summit/
Kingdom, Georgia agree to go extra mile on de-dollarisation
A memorandum of understanding (MoU) was signed on Friday between Chea Serey, Governor of the National Bank of Cambodia (NBC) and Natia Turnava, Acting Governor of the National Bank of Georgia (NBG) to strengthen financial cooperation for reducing dollarisation. ...
Nhean Chamrong
https://www.khmertimeskh.com/501483298/kingdom-georgia-agree-to-go-extra-mile-on-de-dollarisation/
NBC, ERIA join hands to develop strategy for green digital finance
The National Bank of Cambodia (NBC) and the Economic Research Institution for ASEAN and East Asia have recently entered cooperation to develop a strategy for green digital finance in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501479400/nbc-eria-join-hands-to-develop-strategy-for-green-digital-finance/
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/
Kingdom raises $58 million from government bond issuance in 2023
The Royal Government of Cambodia has raised $58.26 million in funds through government bond issuance in 2023. As per current regulations, the country can raise bonds for up to $200 million. The current bond issuance takes up 29 percent of the limit. ...
Chea Vanyuth
https://www.khmertimeskh.com/501457942/kingdom-raises-58-million-from-government-bond-issuance-in-2023/
Govt issues new guidelines for anti-money laundering
The Cambodian government has issued new guidelines on anti-money laundering (AML). ...
Rachel David
https://www.khmertimeskh.com/501450451/govt-issues-new-guidelines-for-anti-money-laundering/
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/
e-KYC, digital verification of documents taking off in Cambodia
Opening a bank account from the comfort of your home is possible today thanks to e-KYC services in Cambodia. ...
Rachel David
https://www.khmertimeskh.com/501447218/e-kyc-digital-verification-of-documents-taking-off-in-cambodia/
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/