News

No plans for Islamic banking services yet

27 February 2013
The Phnom Penh Post
Banking and financial services / Economy and commerce
alcohol / Cambodia’s milled rice / capital / central bank / commercial banking / director-general / Financial Sector Development Strategy / forecast / Gambling / interest on loans / investments / Islamic banking services / Islamic Council for Development of Cambodia / Islamic deposits / Islamic principles / local banks / main export market / Middle East / Ministry of Commerce / Muslims / National Bank of Cambodia / NBC / Nguon Sokha / Pork / Qatar Airway’s Doha-Phnom Penh flights / regulatory framework / secretary-general / separate subsidiary / Sles Nazy / strategy

WHILE investments from the Middle East into Cambodia are expected to increase over the next few years, the central bank here currently has no plans to launch Islamic banking services. Recent events like Qatar Airway’s Doha-Phnom Penh flights, which launched earlier this month, have been expected ...

http://www.phnompenhpost.com/2013022761645/Business/no-plans-for-islamic-banking-services-yet.html

Banks Look to Offer Services Using Renminbi

25 July 2012
The Cambodia Daily
Banking and financial services / Economy and commerce
ANZ Royal Bank / Banks / Businesses / Cambodia / China's currency / Chinese aid / Chinese companies / Chinese investment / Companies / conversion fees / Grant Knuckey / launches / local banks / local firms / payments / renminbi / Trade / transactions

Banks here are trying to take advantage of a growth in Chinese investment by launching services that will allow payments from local banks to be made in China’s currency, the renminbi. Grant Knuckey, CEO of ANZ Royal Bank, said that because of a growing number of ...

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News

No plans for Islamic banking services yet

Banks Look to Offer Services Using Renminbi

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