News

PM Defends Interest Rates

Prime Minister Hun Sen yesterday lashed out at the opposition party’s concerns over the interest rates charged by commercial banks to farmers. SRP lawmaker Yim Sovann said commercial banks in Cambodia charge customers very high interest rates, and said it is much higher than in other ...

http://www.phnompenhpost.com/2013051665645/Business/pm-defends-interest-rates.html

Acleda seeks bidders for ATM drive

Cambodia’s largest commercial bank, Acleda, plans to install 30 automatic teller machines (ATMs) this year as the bank expects about a million new depositors during the coming year. Acleda president and chief executive In Channy told the Post yesterday additional ATMs would be installed in Phnom ...

http://www.phnompenhpost.com/2013030461728/Business/acleda-seeks-bidders-for-atm-drive.html

Malay Hong Leong Bank plans Cambodian branch

Malaysia-based Hong Leong Bank, a subsidiary of Hong Leong Financial Group Berhad, is planning to open a branch in Cambodia sometime this year, which would make it the fourth Malaysian bank and the 33rd commercial bank in Cambodia’s crowded banking industry. Ngoun Sokha, director general of the ...

http://www.phnompenhpost.com/2013021561389/Business/malay-hong-leong-bank-plans-cambodian-branch.html

Tough times for telecom bosses in 2012

The year 2012 has seen a number of changes of personnel within different companies in Cambodia, particularly in the telecommunications sector, but also in the insurance and banking industry. According to In Channy, ACLEDA Bank’s CEO and vice chairman of the International Business Chamber Cambodia, the ...

http://www.phnompenhpost.com/2013010160558/Business/tough-times-for-telecom-bosses-in-12.html

Special report: Banking

With the recent announcement that two Taiwanese banks plan to open branches in Cambodia, the number of commercial banks in the country will swell to 34 and may even go higher as foreign businesses seriously consider Cambodia an alternative to more costly countries such as ...

http://www.etmcambodia.com/viewarticles.php?articlesid=253#

Credit in Banking Sector Surpasses $4B in 2011

Loan disbursals in Cambodia’s banking sector increased by 33 percent to more than $4 billion last year, as credit to the housing market and agricultural sector saw the largest amount of growth, the National Bank of Cambodia (NBC) said in its annual report, released yesterday. While ...

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