News

‘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.   ...

Ry Sochan
https://www.phnompenhpost.com/national/best-new-banknote-award-15000-riel-bill-delivered-nbc-chief

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. ...

May Kunmakara
https://www.phnompenhpost.com/business/three-finance-sector-bodies-roll-out-new-conduct-code

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. ...

https://www.phnompenhpost.com/business/nbc-heralds-eco-friendly-investment-fund

National Bank of Cambodia launches 10 policies to support Cambodia’s economic growth in 2022

The National Bank of Cambodia will introduce 10 main policies to support the sustainable economic growth and recovery in 2022. The 10-point policy will fully support the growth of the national economy, which continues to be threatened by the COVID-19 pandemic and its mutations. ...

Khmer Times Staff
https://www.khmertimeskh.com/501007788/national-bank-of-cambodia-launches-10-policies-to-support-cambodias-economic-growth-in-2022/

New non-SEZ projects fall 24.11%

Despite a modest improvement in the Covid-19 situation in Cambodia, the number of new projects outside of special economic zones (SEZ) approved by the Council for the Development of Cambodia (CDC) saw a sharp decline in January-November 2021 compared to the same period a year ...

Hin Pisei
https://www.phnompenhpost.com/business/new-non-sez-projects-fall-2411

NBC Director General Chea Serey says SMEs play an important role in supporting economic growth and improving people’s livelihoods

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. ...

Khmer Times Staff
https://www.khmertimeskh.com/50993730/nbc-director-general-chea-serey-says-smes-play-an-important-role-in-supporting-economic-growth-and-improving-peoples-livelihoods/

Banking and financial institutions disbursed $44.9 billion in loans, an increase of 23 percent

The National Bank of Cambodia (NBC) said that at the end of the third quarter of 2021, banking and financial institutions provided loans totaling 185.1 trillion riels or about $44.9 billion to agriculture, construction, manufacturing, services, wholesale and retail trade and household units. This accounted ...

Khmer Times Staff
https://www.khmertimeskh.com/50992206/banking-and-financial-institutions-disbursed-44-9-billion-in-loans-an-increase-of-23-percent/

Central bank calls on IMF to support ASEAN’s recovery

The governor of the National Bank of Cambodia has called on the International Monetary Fund (IMF) to continue supporting ASEAN economies, especially as they recover from the Coronavirus pandemic. ...

Michael Firn
https://www.khmertimeskh.com/50953619/central-bank-calls-on-imf-to-support-aseans-recovery/

IMF lauds Kingdom’s early-Covid moves

International Monetary Fund (IMF) resident representative for Cambodia Yasuhisa Ojima is optimistic that Cambodia’s economy will see a quick recovery that reflects the “proactive measures” taken by the government to blunt the socio-economic impacts of Covid-19. ...

May Kunmakara
https://www.phnompenhpost.com/business/imf-lauds-kingdoms-early-covid-moves

National Bank of Cambodia announces $50 million auction tomorrow

The National Bank of Cambodia has issued a notice to banks, microfinance institutions and exchange traders to participate in the auction of US $50,000,000 for October 12, 2021. ...

Khmer Times Staff
https://www.khmertimeskh.com/50949491/national-bank-of-cambodia-announces-50-million-auction-tomorrow/

NBC introduces overnight lending facility

The National Bank of Cambodia (NBC) has introduced a marginal lending facility (MLF) to address the short-term liquidity needs of banking and financial institutions in emergency situation to carry out their business operations. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-introduces-overnight-lending-facility

Bakong-powered transactions soar

Digital payments are becoming crucial to the management of daily expenses, especially during Covid-19 when social distancing is the norm, according to National Bank of Cambodia (NBC) director-general Chea Serey. ...

May Kunmakara
https://www.phnompenhpost.com/business/bakong-powered-transactions-soar

Cambodia explores cross-border transactions of CBDC-like Bakong, now used by 200,00 people

The National Bank of Cambodia (NBC) continues progressing with its central bank digital currency- (CBDC)-like initiative known as Bakong, disclosing several project milestones. ...

Khmer Times Staff
https://www.khmertimeskh.com/50911542/cambodia-explores-cross-border-transactions-of-cbdc-like-bakong-now-used-by-20000-people/

NBC and NSSF joining hands in investment management

The National Bank of Cambodia (NBC) and the National Social Security Fund (NSSF) have entered into a partnership on social security planning, investment management and human resource development. ...

May Kunmakara
https://phnompenhpost.com/business/nbc-and-nssf-joining-hands-investment-management

Cambodia launches macroeconomic surveillance database system testing

The National Bank of Cambodia (NBC) and ADB’s Economic Research and Regional Cooperation Department have launched the Macroeconomic Surveillance Database System (MSDS) testing to secure timely report of macroeconomic and financial status. ...

Khmer Times Staff
https://www.khmertimeskh.com/50902661/cambodia-launches-macroeconomic-surveillance-database-system-testing/

NBC: Financial institutions in H1 restructure $5.5 billion in loans

The Kingdom’s banking and financial institutions have restructured 22.2 trillion riel ($5.5 billion) in loans for 367,239 borrowers in the first half of this year, to ease the burden on the public as the ongoing coronavirus outbreak dampens economic activity, according to the National Bank ...

Thou Vireak
https://phnompenhpost.com/business/nbc-financial-institutions-h1-restructure-55-billion-loans

Global economic rebound to lift Cambodia’s export and investment

The National Bank of Cambodia (NBC)’s Governor Chea Chanto has said that the global economic recovery will support Cambodia’s export and investment sectors, reinforcing its position as a pillar of support for relevant sectors, to boost the national economy into positive growth and sow the ...

Khmer Times Staff
https://www.khmertimeskh.com/50901911/global-economic-rebound-to-lift-cambodias-export-and-investment/

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