Home Cambodia Finance

Central bank to hold second LPCO auction

Nov 17th at 09:11
17-11-2016 09:11:18+07:00

Central bank to hold second LPCO auction

The National Bank of Cambodia (NBC) announced yesterday that its second Liquidity-Providing Collateralised Operation (LPCO) will be held on November 22, with 40 billion riel ($9.89 million) to be made available to Cambodian financial institutions in need of liquidity.

The auction will be the same as the first LPCO held last month, which con-cluded with repurchase agreements, or repos, signed for some 12 billion riel ($3 million). The Central Bank introduced its LPCO scheme in October, and has said it will operate on a monthly basis during its first six months.

phnompenh post

MOST READ

NEWS SAME CATEGORY

A little insurance to hedge risk
FINANCE Nov 14th at 10:28

A little insurance to hedge risk

Prévoir, previously operating as Prévoir Kampuchea Micro-life Insurance Plc (PKMI), recently celebrated its fifth anniversary in the Kingdom. The Post’s Kali...

Income-tax threshold to rise
FINANCE Nov 10th at 08:39

Income-tax threshold to rise

Cambodian workers, especially those in the garment industry or employed by the government, can expect a little extra cash on hand next year as the National Assembly...

Third bank appointed to collect tax payments
FINANCE Nov 9th at 09:02

Third bank appointed to collect tax payments

Vatanac Bank has become the third financial institution authorised to facilitate payments owed to the General Department of Taxation (GDT) and General Department of...

Local MFI relaunched after South Korean buyout
FINANCE Nov 7th at 08:20

Local MFI relaunched after South Korean buyout

Cambodia's booming microfinance sector continues to attract international investors, with a South Korean financial institution the latest to buy out one of the...

IMF urges more efforts to cool rapid credit growth
FINANCE Nov 7th at 08:15

IMF urges more efforts to cool rapid credit growth

Rapid credit growth continues to pose a risk to financial stability in Cambodia, requiring more regulation to reduce the impact of a possible economic downturn and...

Gov’t to borrow over $1B this year: report
FINANCE Nov 7th at 08:10

Gov’t to borrow over $1B this year: report

The government expects to borrow nearly $1 billion from external creditors this year, primarily for infrastructure development, pushing the national debt over $6...

Bancassurance has room to grow
FINANCE Nov 3rd at 09:14

Bancassurance has room to grow

The bancassurance model, while still relatively undeveloped in Cambodia, has huge potential to drive the growth of the insurance sector, financial industry...

ANZ to remain in local market?
FINANCE Nov 1st at 09:30

ANZ to remain in local market?

The chief executive of ANZ Royal Bank has denied media reports that the Australian and New Zealand Bank Group (ANZ) is considering pulling the plug on its Cambodian...

Three forex giants hold sway
FINANCE Nov 1st at 09:27

Three forex giants hold sway

A recent study on the role of Cambodia’s moneychangers found that three private forex traders control two-thirds of the total demand for riel currency and exert...

Cambodia on alert for US taxpayers
FINANCE Oct 27th at 07:58

Cambodia on alert for US taxpayers

With the Internal Revenue Service (IRS), the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and...

Read More

MOST READ

Back To Top