PHNOM PENH, Jan 27 (Reuters) – Cambodia’s central bank said on Tuesday it would cut bank reserve requirements next month to 12 percent from 16 percent to try to stimulate more lending in the face of easing inflation and economic growth.
The bank was also lifting its restrictions on real estate lending as the sector had [...]
Cambodia cuts bank reserve requirements
Cambodia to strengthen disclosure rules for banks
PHNOM PENH, Jan. 5 (Xinhua) — The National Bank of Cambodia (NBC) will carry out more reforms to strengthen the disclosure rules for banks for the sake of financial safety, national media said on Monday.
“The next areas of reform will encompass enhancing corporate governance and disclosure rules for banks,” said NBC governor Chea Chanto in [...]
Cambodian commercial banks told to triple capital
PHNOM PENH, Sept. 23 (Xinhua) – The National Bank of Cambodia (NBC) has tripled the minimum capital requirement for commercial banks in the Kingdom in an effort to tighten and strengthen the banking sector, national media reported Tuesday.
According to a copy of an NBC directive, commercial banks in Cambodia are now requiring to have a [...]
New 20,000 note to be officially circulated
National Bank of Cambodia (NBC) officially circulated new 20,000 banknote on Monday to congratulate the King’s birthday during 13-15 May, by bearing the portrait of The King Norodom Sohamoni.
Speaking at the pagoda inauguration on May 09 in Kandal province, he said that the circulation of new notes does not mean that the old 20,000 banknote [...]