Project aims to strengthen safe finance in communities
The National Bank of Cambodia (NBC) and Cambodia Microfinance Association (CMA) have rolled out a pilot campaign to promote financial literature, consumer empowerment and protection in Cambodian communities. ...
MFIs seek boosting financial literacy at communal level
A project to strengthen financial literacy at the local level has been launched to promote knowledge related to finance, rights, and client protection as well as to increase clients’ access to formal financial services within communities. ...
NBC, Bank of China discuss cross-border payment
National Bank of Cambodia (NBC) and Bank of China on Wednesday discussed means to expand the cross-border payment between the two countries as well as develop transactions in other member states of the Association of Southeast Asian Nations (ASEAN), said a release. ...
Cambodia, Vietnam strengthen banking cooperation
The National Bank of Cambodia (NBC) and the State Bank of Vietnam (SBV) have agreed to strengthen bilateral cooperation through exchange of experience on economy and banking system. ...
Khmer Times Staff
NBC organises macroeconomic conference to boost Cambodia’s economic development
The National Bank of Cambodia (NBC), in collaboration with the United Nations Development Programme (Cambodia) organised on Thursday the 9th NBC Annual Macroeconomic Conference, giving floor for discussion for the development of Cambodian economy. ...
Khmer Times Staff
Key lenders agree to ease loan terms for flood victims
Members of Cambodia’s apex bodies of the banking and microfinance industries have agreed to ease restrictions on loan repayments, reduce interest rates, as well as restructure loans for customers deemed to be significantly affected by the heavy rains and floods that have swept the Kingdom ...
NBC asks financial institutions to be flexible with flood affected borrowers
The National Bank of Cambodia has asked financial institutions to implement flexible measures for borrowers who have been affected by flood, in a bid to ease the burden on financial flow and contribute to restoring families’ economic standards. ...
Inflation nears 8 percent, riel depreciates, trade deficit narrows in June
Cambodia’s inflation has risen to 7.85 percent in June 2022 compared on a year-on-year basis to 7.17 percent the previous month, which was the highest in the last decade, while the value of Riel has fallen 0.07 percent to 4,091 riel per US dollar and ...
CBC keeps credit data of over 7M customers
Independent financial information provider Credit Bureau (Cambodia) Co Ltd (CBC) now maintains the credit data of more than seven million customers in its core system, 10 years after its establishment, according to its chairwoman Chea Serey. ...
E-payments to save MSMEs on costs: NBC
Digitising payments could bring substantial cost savings for micro-, small-, and medium-sized enterprises (MSME), not only by simplifying cash management processes but also reducing potential opportunities for misappropriation or corruption, according to the central bank chief. ...
$300M maiden sovereign-bond issue set to begin on Sept 7: NBC
The National Bank of Cambodia (NBC) announced that it will float the 100 billion riel ($25 million) first tranche of its 1.2195 trillion riel maiden sovereign-bond issue on September 7, which financial experts point out will allow the government to diversify funding sources for national ...
Rising Riel in circulation earns demand in public
The prudential monetary policies and Riel promotion have built price stability of Riel, which earned public trust over the circulation of the national currency, said a senior official at the National Bank of Cambodia. ...
NBC to take legal action against illegal lenders
The National Bank of Cambodia (NBC) along with other competent authorities are considering taking legal action against firms or individuals operating businesses that go against the banking laws and financial institutions of the Kingdom, NBC announced yesterday. ...
Phnom Penh to host Global SME Finance Forum
Global leaders in the finance sector are slated to gather in the Cambodian capital in September when Phnom Penh hosts the SME Finance Forum. ...
NBC sees Cambodia’s GDP growth at 5.3% in 2022
Global growth recovery and rapid resumption in economic activity will give impetus to Cambodia’s economic growth this year, according to the National Bank of Cambodia (NBC). ...
‘Best New Banknote’ award for 15,000 riel bill delivered to NBC chief
The National Bank of Cambodia (NBC) has finally been delivered the 2019 “Best New Banknote” award received for its 15,000 riel banknote by representatives from the printing company Landqart AG after a long wait due to pandemic-induced border restrictions. ...
Three finance sector bodies roll out new conduct code
Three finance industry associations have jointly developed a new code of conduct aimed at ensuring transparency, building trust and strengthening customer protection in the Kingdom’s banking and finance sector. ...
NBC heralds eco-friendly investment fund
The National Bank of Cambodia (NBC), the central bank, welcomed the Bank for International Settlements’ (BIS) February 25 launch of the Asian Green Bond Fund, an open-ended fund for central bank investments in high-quality bonds issued by sovereign states, international financial institutions and corporations. ...
Bakong system blazes digital-money trail
Cambodia, along with China and South Korea, has among the 10 most mature retail central bank digital currencies (CBDC). ...
Cambodia’s banking industry sees three percent GDP growth last year despite pandemic, $38.5 billion in deposits
Cambodia’s banking industry had seen robust growth in loans and deposits in 2021 despite the impact of the COVID-19 pandemic, according to a report of the National Bank of Cambodia (NBC) on Saturday. ...
Khmer Times Staff