Outstanding loans rose 10.5 pct to $57.8 billion in first half
PHNOM PENH: Cambodia's outstanding loans rose by 10.5 percent year-on-year to US$57.8 billion by June 2023, according to a report by the National Bank of Cambodia (NBC). This growth was…
Cambodia launches standard loan contract to enhance transparency, effectiveness, and consumer protection
PHNOM PENH: The Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA) have launched the Industry-wide Standard Loan Contract and Standard Text of the Contractual Terms for use…
ACLEDA Bank Plc. officially launches cross-border payment via QR code in Laos
PHNOM PENH: ACLEDA Bank Plc., “The bank you can trust, the bank for the people” hereby announces that it officially launches Cross-Border Payment via QR Code in Laos, Phase 1:…
KB PRASAC Bank Plc. Officially launched, following the Merger between PRASAC MFI and Kookmin Bank Cambodia
PHNOM PENH: KB PRASAC Bank Plc. on 07 August 2023 is officially announced and launched following the merger between PRASAC Microfinance Institution Plc. (“PRASAC MFI”) and Kookmin Bank Cambodia Plc.…
Canadia Bank’s 69th branch offers full range of banking services
PHNOM PENH: Canadia Bank has opened its 69th branch in Por Sen Chey, Phnom Penh. The new branch is located on Russian Boulevard in front of Phnom Penh International Airport.…
Cambodian economy in H1 remains healthy
PHNOM PENH: Cambodia continued to achieve positive economic growth in the first six months of this year, said the National Bank of Cambodia (NBC)’s report released at a recapitulative meeting…
Outstanding female banker appointed to top spot at NBC
PHNO PENH: Chea Serey, the Deputy Governor of the National Bank of Cambodia (NBC), has been appointed as the new Governor of the NBC. The appointment was made in a…
The Signing Ceremony of Memorandum of Understanding between IDI, IDC and Prince Bank
PHNOM PENH: On July 10, 2023, the Innovation & Development Investors Association “IDI” and ID Capital Plc. “IDC” represented by Dr. Hor Sereyvath, IDI and IDC’s Chairman of the Board…
NBC’s cross-border payment expanding to boost trade and investment
PHNOM PENH: The National Bank of Cambodia (NBC) is planning to expand its cross-border payment system to five more countries: Vietnam, Laos, Myanmar, China, and India. This is part of…
Cambodia, Thailand launch cross-border QR payment phase II
PHNOM PENH: Cambodia and Thailand launched the second phase of cross-border QR payment, which will boost the national currency settlement and cross-border cashless payment. H.E. Dr. Chea Chanto, Governor of…
ARDB to host regional financial institution association annual meeting
PHNOM PENH: State-run Agricultural and Rural Development Bank (ARDB) will host the 47th ADFIAP (Association of Development Financing Institutions in Asia and the Pacific) Annual Meeting from May 16-18, 2024,…