Ministries and other national bodies
National Bank of Cambodia
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/
NBC Governor says Cambodia has seen big increase in local currency usage in past 2 decades
Cambodia has seen a big jump in the use of local currency Riel over the past two decades, National Bank of Cambodia (NBC)’s Governor Chea Serey said here on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501390501/nbc-governor-says-cambodia-has-seen-big-increase-in-local-currency-usage-in-past-2-decades/
Cambodia unveils new Fintech Policy to drive innovation and inclusion
The Cambodian government recently unveiled the Cambodia Financial Technology Development Policy 2023-2028, a comprehensive strategy aimed at promoting financial innovation, ensuring financial stability, and enhancing financial inclusion in the country. ...
Khmer Times Staff
https://www.khmertimeskh.com/501387042/cambodia-unveils-new-fintech-policy-to-drive-innovation-and-inclusion/
Role of MFIs in economic and social development crucial
Microfinance as a sector has been key in helping bring about economic and social development in Cambodia stressed Sok Voeun, chairman of Cambodia Microfinance Association last Friday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501383482/role-of-mfis-in-economic-and-social-development-crucial/
NBC policies in line with Pentagonal Strategy
The first plenary session of the new Council of Ministers under the leadership of Prime Minister Hun Manet has approved the Pentagonal Strategy-Phase 1 on August 24, 2023, to unleash a host of economic activities to be implemented to transform Cambodia into a high-income economy ...
Khmer Times Staff
https://www.khmertimeskh.com/501377575/nbc-policies-in-line-with-pentagonal-strategy/
NBC policies help steady Cambodian economy
The role played by the National Bank of Cambodia (NBC) to maintain and control financial condition through various regulatory measures has helped the country to keep inflation under check and economic growth steady despite the global headwinds. ...
Manoj Mathew
https://www.khmertimeskh.com/501377596/nbc-policies-help-steady-cambodian-economy/
NBC is determined to strengthen the resilience and supervision of the financial sector in Cambodia
The newly appointed governor of the National Bank of Cambodia (NBC), H.E Dr. Chea Serey, gave an in-depth interview to Khmer Times on the Bank’s as well as her priorities in her role as the Governor. ...
Khmer Times Staff
https://www.khmertimeskh.com/501377581/nbc-is-determined-to-strengthen-the-resilience-and-supervision-of-the-financial-sector-in-cambodia/
AFD boosts MFIs, NBC reports
National Bank of Cambodia (NBC) governor Chea Serey has lauded the French government for its pivotal role in the expansion of the Kingdom’s financial industry, particularly its robust growth in the microfinance sector. ...
May Kunmakara
https://www.phnompenhpost.com/business/afd-boosts-mfis-nbc-reports
Soramitsu, the little-known blockchain firm behind Southeast Asia’s digital payment systems
Soramitsu, a Japanese company riding the wave of blockchain-based products supporting digital payments, has landed several deals with central banks. ...
Khmer Times Staff
https://www.khmertimeskh.com/501363859/soramitsu-the-little-known-blockchain-firm-behind-southeast-asias-digital-payment-systems/
NBC Governor joins Vaduz Roundtable Forum on “Financial System 2023”
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. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362734/nbc-governor-joins-vaduz-roundtable-forum-on-financial-system-2023/
Financial stability linked to monetary policy, says Chea Serey
The financial stability of a country is linked to its monetary policy, said Chea Serey, Governor of the National Bank of Cambodia, yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501362332/financial-stability-linked-to-monetary-policy-says-chea-serey/
