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…
NBC among seven ASEAN central banks working on digital currencies: BIS
PHNOM PENH: The Bank for International Settlements (BIS) says the National Bank of Cambodia is among seven Southeast Asian central banks involved in central bank digital currency (CBDC) development. In…
Banking industry’s outstanding loan portfolio reaches $56 billion
PHNOM PENH: The outstanding loans in Cambodia’s banking industry reached nearly US$56 billion by June this year, while banks’ deposits rose to more than US$44 billion, according to a report…
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…
NBC: Cambodia forecasts growth At 5.5 percent in 2023
PHNOM PENH: The National Bank of Cambodia (NBC) has forecast the country’s economic growth at 5.5 percent in 2023, with an expected yearly inflation rate of 2 percent. Still, external…