National Bank of Cambodia

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). ...

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 ...

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. ...

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. ...

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. ...

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. ...

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 ...

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. ...

The Cambodian government has issued new guidelines on anti-money laundering (AML). ...

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. ...

Opening a bank account from the comfort of your home is possible today thanks to e-KYC services in Cambodia. ...

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. ...

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. ...

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

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. ...

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. ...

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. ...

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. ...

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. ...

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

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). ...

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.” ...

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. ...

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. ...