NBC warned counterfeit money exchange
In order to maintain the interest of tourists and general public in Cambodia to avoid the exploitation of exchange rates among of the money exchange shops, and all currency conversation business, National Bank of Cambodia (BNC) announced that money exchange shops must show license.
Chea Chanto, NBC’s governor, also has warned tourists and the public to [...]
MFIs loan increased 5.46 percent Q3
Cambodian Microfinance Association (CMA) released its figures that during the third quarter of this year, Cambodia’s microfinance institutions (MFIs), which included 21 MFIs and small loans from ACLEDA Bank, increased 5.46 percent to 448.1 million, following a 2.7 percent drop in outstanding loans in the second quarter.
According to CMA’s data, non-performing loans (NPLs) declined 1.9 [...]
Foreign Exchange reserves climbed 21 percent
Giving speech at the 30th anniversary ceremony for the National Bank of Cambodia (NBC), which was reestablished after the topple of Khmer Rouge regime, the Prime Minister Hun said that despite Cambodia suffered from the global financial crisis, Cambodia’s foreign exchange reserves is up to US$2.522 billion by the end of August of this year.
“Today, [...]
Mobile phone firm cooperated with commercial bank
Smart Mobile has cooperation with Cambodia’s leading commercial bank ACLEDA to offer credit top-ups at ATMs. The phone operator signed a deal with the bank in February.
Mobile service provider Smart Mobile (093/010) entered within the Cambodian telecoms market with a world-class team of telecommunications experts offering experience from across Cambodia and across the globe.
From today [...]
Cambodia’s banking sector gains in public confidence
In the last decade, Cambodia’s banking sector has been growing sharply because the operation of commercial banks in Cambodia has gotten the public confidence. People got started to deposit their money at bank rather than keep it at home. The public confidence in the banking sector and financial system is reflected through the increase in [...]
Maybank opened its 5th branch in Phnom Penh
Despite the time of the global financial crisis, Malayan banking Bhd (Maybank) still opened its fifth branch located at Olympic stadium in Phnom Penh city, it is expected that the new branch will help boost loan and deposit growth by 38 percent and 15 percent respectively by the end of June next year.
Maybank Olympic branch [...]
MoneyGram money transfer service in Cambodia
At the present, the banking sector in Cambodia is growing and also is playing an important role in contributing to economic development through the mobilization and allocation of previously unproductive financial resources to fulfill financial needs of the manufacturing and service sector.
The slowdown of global economy affected the World’s capital and financial market, and stock [...]