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Cambodia > Finance

Wing and Shinhan Bank announce partnership

28/11/2018 21:28 | 0 comments

Wing (Cambodia) Limited Specialised Bank and South Korean-based Shinhan Bank announced a partnership to channel international money transfers for Cambodian workers in South Korea, a press release issued on Tuesday said.

Cambodia > Finance

Etiqa set to insure Cambodians

26/11/2018 21:14 | 0 comments

The insurance arm of Maybank’s Etiqa Group expects to expand its operations in Cambodia next year as the firm’s executives discuss preparations with Cambodian insurance regulators and await approval.

Cambodia > Finance

Revenue collection Cambodia collects over $1.87B in tax

16/11/2018 10:16 | 0 comments

The General Department of Taxation (GDT) collected more than $1.87 billion in revenue during the first 10 months of the year, an increase of almost 19 per cent compared to the same period last year, the department’s report said.

Cambodia > Finance

Hattha Kaksekar Ltd bonds all purchased by institutions

15/11/2018 09:37 | 0 comments

The first Cambodian corporate bonds to be issued by microfinance firm Hattha Kaksekar Ltd (HKL) have been completely purchased by institutional investors when subscription ended on Tuesday.

Cambodia > Finance

RDB seeks gov’t loans amid rice harvesting

14/11/2018 09:02 | 0 comments

State-owned Rural Development Bank (RDB) plans to request another $50 million from the government for the rice industry, as it has already lent $49 million to the sector, says RDB CEO Kao Thach.

Cambodia > Finance

Bank loan portfolios set to be at least 10% in local currency

13/11/2018 07:28 | 0 comments

Cambodian commercial banks are showing a stronger preference to provide riel loans to microfinance institutions (MFI) as they rush to increase the share of local currency in their loan portfolio to at least 10 per cent by the end of next year.

Cambodia > Finance

PPCBank diversifies loan portfolio to SMEs

12/11/2018 14:02 | 0 comments

PPCBank (Phnom Penh Commercial Bank) has seen noticeable business expansion in the two years since it was purchased by a joint venture between South Korea’s JB Financial Group Co Ltd and Apro Service Group Co Ltd. The bank is also diversifying its loan portfolio from corporate clients to medium and small loans.

Cambodia > Finance

NBC aims to strengthen confidence in the riel

07/11/2018 08:22 | 0 comments

The National Bank of Cambodia (NBC) announced on Tuesday that it will continue to strengthen confidence in the riel by stabilising the currency exchange rate and boosting public awareness on the economic benefits of using the local currency.

Cambodia > Finance

ABA reduces saving rate to 0.25 per cent

02/11/2018 11:01 | 0 comments

Advanced Bank of Asia Ltd (ABA Bank), a member of the National Bank of Canada Group, will halve the interest on savings or current plus’ accounts from 0.50 per cent to 0.25 per cent annually with effect from November 5.

Cambodia > Finance

‘Yuan helps cross border trade’, NBC clarifies

31/10/2018 08:53 | 0 comments

The Cambodian central bank has provided additional details on the use of Chinese currency-backed settlements for cross-border commerce.

 
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