News

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. ...

The deputy governor of the National Bank of Cambodia has called for the world’s countries to do more to help developing nations mitigate the effects of climate change. On sidelines of this year’s Boao Forum, CGTN had an interview with the deputy governor, Madam Chea ...

Cambodian and Chinese central bank officials have discussed the promotion of local currency settlement for cross-border trade between the two countries, said a statement released by the National Bank of Cambodia (NBC) on Saturday. ...

Bakong payment system infrastructure has increased remarkably and has contributed to the use of financial technology and innovations, the National Bank of Cambodia said on Monday. ...

The Credit Bureau of Cambodia (CBC) is celebrating a decade of providing the invaluable service of credit reporting in Cambodia, creating a financial system when giving out loans. ...

The Ministry of Economy and Finance and the National Bank of Cambodia (NBC) have reached a memorandum of understanding on electronic Know Your Customer (e-KYC) cooperation, aiming to enhance digital verification of customer documents in Cambodia. ...

Ms. Chea Serey, Director General of the National Bank of Cambodia, has highlighted  the importance of small and medium enterprises (SMEs) that have contributed significantly to supporting the national economic growth and helping the livelihood of people living in rural areas. ...

Cambodian students from grade 1 to 12 will begin studying basic financial skills starting in the 2019 academic year as the National Bank of Cambodia (NBC) is now finalising the curriculum. NBC director-general Chea Serey said Thursday that the new curriculum would help boost the ...

The National Bank of Cambodia (NBC) announced on Friday that it is seeking to cooperate with relevant stakeholders to crack down on illegal lenders. It also alerted the public about the dangers of taking cash loans from unfamiliar sources. ...

The Cambodian riel accounted for about 17 percent of total currency circulation last year, a number similar to previous years, but central bank officials said they remained optimistic that use of the local currency will grow in the future. ...

The Securities and Exchange Commission of Cambodia (SECC) yesterday warned the public against investing in cryptocurrencies such as Bitcoin, arguing that there is no regulation in place to manage the use of digital coins. ...

Prime Minister Hun Sen yesterday pledged to start a new bank with an initial capital of $100 million to provide financing for small and medium enterprises (SMEs), with industry players saying its success hinged on whether concessional or low interest rates could be provided to ...

Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal. In a statement released in January, Bank of Ayudhya announced its intention ...

South Korean financial giant Woori Bank, widely seen as the preferred bidder for a 50 per cent stake in Cambodian microlender Prasac, is out of the running as it was not presented to the central bank as an official bidder, local banking officials have said. ...

One of the Kingdom’s largest microfinance institutions (MFI), Prasac MFI, increased its paid up share capital by $29 million in a bid to increase public confidence and comply with the National Bank of Cambodia’s (NBC) requirements. ...

Financial literacy, for students to make effective and informed money management decisions, will now be in the general education curriculum due to joint efforts by the National Bank of Cambodia (NBC) and the Ministry of Education, Youth and Sport (MoEYS). ...

Foreign direct investment (FDI) to Cambodia over a 20-year period – from 1994 to 2014 – is estimated to have reached $19.2 billion and was heavily weighed by inflows of capital from China, according to the first-ever comprehensive survey on FDI, released yesterday. ...

The National Bank of Cambodia responded to rumours yesterday that local banks were no longer accepting US dollar banknotes with minor imperfections, such as small tears, creases or ink stamps, stating that the central bank had not changed its policies. ...

Woori Bank, South Korea’s second-largest bank in terms of assets, is vying to purchase a 50 per cent stake Cambodia’s largest microfinance institution, Prasac, the company’s CEO confirmed yesterday. ...

The National Bank of Cambodia (NBC) received a grant totaling $8 million from the South Korean government, through the Korea International Cooperation Agency (KOICA) to modernize its national retail payment system as the Kingdom gets ready to trade in the Asean Economic Community. ...

The South Korea-based Nong Hyup Bank plans to open a branch in the Kingdom and will focus on investments and loans in the agriculture sector, according to a senior official in the Ministry of Agriculture. ...

A government official lambasted the slow application rate for non-governmental organizations (NGOs) that operate as microfinance lenders, urging them to register with the National Bank of Cambodia (NBC). ...

Lending by microfinance institutions (MFIs) rose about 50 percent at an annualized rate during the first nine months of the year, according to the Cambodia Microfinance Association, which said the surge was sparked by economic stability and an increase in demand from clients wanting to ...

Cambodia’s casino industry has generated a revenue of approximately $2 billion per annum, the country’s central bank chief said here on Wednesday. ...