News

Anti-money laundering plan

With the deadline for a second review by a global task force of the government’s efforts to combat money laundering and terrorism financing fast approaching, the Kingdom’s central bank yesterday conducted a workshop with banks, financial institutions and state agencies to flesh out a strategy ...

Sok Chan
http://www.khmertimeskh.com/news/28845/anti-money-laundering-plan/

Review finds economy resilient to challenges

The National Bank of Cambodia released its annual report yesterday, citing strong growth in 2015 despite challenging economic circumstances caused by a Chinese economic slowdown, increased regional competitiveness and the appreciation of the US dollar. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/review-finds-economy-resilient-challenges

National bank ups cash reserve requirements

The National Bank of Cambodia (NBC) has doubled the minimum capital requirements for commercial banks and significantly raised the requirements for microfinance institutions in a move experts say will protect and consolidate the country’s banking sector.   ...

Kang Sothear and Tej Parikh
https://www.cambodiadaily.com/news/national-bank-ups-cash-reserve-requirements-110398/

Unofficial lenders flock to the NBC seeking to be registered

More than 100 unofficial lenders have flooded into the National Bank of Cambodia seeking formal registration after the authorities announced a crackdown earlier this month on unrecognised operators. In a joint declaration from the Ministry of Economy and Finance and the NBC on February 2, officials ...

Chan Muyhong
http://www.phnompenhpost.com/unofficial-lenders-flock-nbc-seeking-be-registered

Unofficial lenders flock to the NBC seeking to be registered

More than 100 unofficial lenders have flooded into the National Bank of Cambodia seeking formal registration after the authorities announced a crackdown earlier this month on unrecognised operators. In a joint declaration from the Ministry of Economy and Finance and the NBC on February 2, officials ...

Chan Muyhong
http://www.phnompenhpost.com/unofficial-lenders-flock-nbc-seeking-be-registered

Cambodia launches code of banking practices

The National Bank of Cambodia ( NBC), which is the regulator of the banking and finance industry, promulgated the Code of Banking Practices on Monday with an aim of further building confidence of the public in the industry, officials said. The sector had received a ...

Shanghai Daily News Staff
http://shanghaidaily.com/article/article_xinhua.aspx?id=268881

Cambodian PM, businessmen head to Nanning for 11th ASEAN-China Expo

Cambodian Prime Minister Hun Sen, accompanied by businesspeople and senior officials, flew to Nanning City of southwest China’s Guangxi province on Monday to attend the 11th ASEAN-China Expo. Senior officials accompanying the prime minister included Commerce Minister Sun Chanthol, Governor of the National Bank of Cambodia Chea ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2014-09/15/c_133643051.htm

Cambodian banks see 9.3 pct lending growth in 1st half of 2014: central bank

Cambodia’s banking sector has reported a 9.3-percent increase in lending in the first six months of the year, according to the figures from the National Bank of Cambodia (NBC) on Sunday. The figures showed that the kingdom’s 35 commercial banks had lent a total of 8.09 ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140803/cambodian-banks-see-93-pct-lending-growth-1st-half-2014-cent

Cambodia's micro-lenders see 44 pct lending growth last year

Cambodia’s 38 microfinance institutions reported a 44 percent increase in loan disbursements in 2013, according to a report of the National Bank of Cambodia (NBC), the regulator of banking and finance institutions in the country. The microfinance institutions had lent a total 1.17 billion U.S. dollars ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=199165

National Bank Governor’s Daughter Named New Director-General

Chea Serey, the daughter of National Bank Governor Chea Chanto, has been promoted to director-general of the central bank, she confirmed this week. Ms. Serey will replace Nguon Sokha, who said that she left the National Bank about a month ago after being appointed as a ...

Colin Meyn
http://www.cambodiadaily.com/business/national-bank-governors-daughter-named-new-director-general-48069/

Lending at Cambodia's banks increases 17 pct in 9 months

Cambodia’s banking sector has seen 17 percent rise in lending in the first nine months of the year, the central bank’s figures showed Thursday. The kingdom’s 34 commercial banks had provided a total loan of 6.89 billion U.S. dollars to customers by the end of September ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/21/c_132907523.htm

Cambodia's inflation stands at 2.9 pct in first half of 2013: central bank

Cambodia’s inflation rate has accelerated to 2.9 percent in the first six months of the year, up from 1.8 percent over the same period last year, according to a report of the National Bank of Cambodia (NBC) on Wednesday. “The rate, below 3 percent, is low ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-08/28/c_132670860.htm

Cambodia very lucrative for investors

Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTk3NDYwNTAyZjc

Bank of China to raise business operations in Cambodia: deputy-governor

The Bank of China is going to expand its business operations in Cambodia after it was launched here two years ago and seen rapid business growth, Zhu Shuming, visiting deputy governor of Bank of China, said Friday. Speaking at a meeting with Chea Chanto, governor of ...

http://english.peopledaily.com.cn/90778/8214949.html

S. Korea’s financial body inks deal to assist Cambodia in banking supervision

South Korea’s Financial Services Commission (FSC) and the National Bank of Cambodia (NBC) on Friday signed a Memorandum of Understanding (MoU) on the provision of technical support for Cambodia’s banking and financial supervision, according to a press release after the signing ceremony. “The MoU will ...

http://www.nzweek.com/business/s-koreas-financial-body-inks-deal-to-assist-cambodia-in-banking-supervision-48413/

Cambodia's inflation rate fell to 3 per cent in 2012

Cambodia’s inflation rate fell to an annual three per cent last year, down from 4.9 per cent a year earlier, according to data from the National Bank of Cambodia released in late January. Chea Chanto, the bank’s governor, told an annual meeting in late January that ...

http://www.phnompenhpost.com/2013020761219/Business/cambodia-s-inflation-rate-fell-to-3-per-cent-in-2012.html

Cambodia's inflation stands at 3 pct last year: central bank governor

Cambodia’s inflation rate decelerated to 3 percent last year, down from 4.9 percent in a year earlier, Governor of the National Bank of Cambodia (NBC) Chea Chanto said Saturday. “This is a remarkable drop and the 3-percent rate last year is low and controllable,” he said ...

http://news.xinhuanet.com/english/business/2013-01/19/c_132113989.htm

Loans, deposits mirroring growth

Loans and deposits at Cambodia’s 32 commercial banks rose by more than 30 per cent and 20 per cent, respectively, year-on-year in the first half of 2012, which the central bank governor and economists said reflected the growth in economic activities even as export growth ...

http://www.phnompenhpost.com/index.php/2012072457572/Business/loans-deposits-mirroring-growth.html

Cambodia, Vietnam to fight financial crimes

The National Bank of Cambodia this week signed a Memorandum of Under-standing with the State Bank of Vietnam that would allow for the exchange of information to fight money laundering and terrorism financing. The MoU, signed by NBC Governor Chea Chanto and SBV Governor Nguyen Van ...

http://www.phnompenhpost.com/index.php/2012033055326/Business/cambodia-vietnam-to-fight-financial-crimes.html

Cambodia Decides to Keep Reserve Rate at 12 Per Cent

The National Bank of Cambodia (NBC) decided not to raise the reserve requirement rate for commercial banks from the current 12 per cent to 16 per cent although the country’s inflation has gradually increased, Nguon Sokha, NBC’s director general, said yesterday. “After the meeting of ...

http://indochinastock.vn/ChannelID/979/Tin-tuc/111734-cambodia-to-keep-reserve-rate-at-12-amid-rising-inflation.aspx

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