NBC governor thanks IMF for development support
The International Monetary Fund (IMF) and Cambodia have met virtually to discuss and evaluate the Kingdom’s macro-economic situation during the ongoing COVID-19 pandemic.
National Bank of Cambodia – NBC
NBC forum promotes access to finance for women entrepreneurs
An event promoting access to finance for women entrepreneurs in the COVID-19 era took place in Phnom Penh last week.
NBC launches new payment and transfer system
National Bank of Cambodia (NBC) officially launched its national retail payment system “Retail Pay” yesterday to support and provide fast payment facilities for trade
NBC annual report details nation’s 2020 financial picture
The Kingdom’s international gold and dollar reserves have reached $21.3 billion, sufficient to guarantee the next 10 months of goods and services imports. This amount is in excess of the three-month minimum requirement for developing countries according to the annual report from the National Bank of Cambodia (NBC). The NBC stated the level of international […]
‘Rielisation’ and dollars provide Kingdom with an economic ‘moat’
As Cambodia works towards its goal of de-dollarising the economy, its dual-currency system is bolstering the population’s purchasing power while other emerging economies struggle to keep pace with the rising greenback. A Bloomberg report from earlier this week said most developing nations’ currencies have experienced a slump over the past two weeks while the US […]
NBC governor, named 2021 central banker of the year for the Asia-Pacific region
Under the governance of Chea Chanto, the National Bank of Cambodia (NBC) has successfully navigated a stormy 2020.
CMA says member institutions have restructured $1.38 billion of loans
The Cambodia Microfinance Association (CMA) has announced that as of Jan 3, CMA members have provided loan restructuring worth $1.382 billion. The total number of
NBC: Demand in Riel in Kampong Thom reached 440billion riel
The demand for Khmer riel (KHR) from the branch of the National Bank of Cambodia in Kampong Thom province was 440 billion riel (approximately $107 million) in the first nine
Cambodia’s banks report 20.7% lending growth in H1
Loan demands from the banks in Cambodia rose by 20.7% to 26.7 billion U.S. dollars during the first half of 2020, said a central bank’s biannual report on Thursday.
Banks spreading their wings
Wing (Cambodia) Ltd Specialised Bank and Canadia Bank Plc inked a partnership to drive financial inclusion and provide every Cambodian easy access to cash.
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