Home Cambodia Finance

NBC to make 40B riel available to bidders

Mar 16th at 21:30
16-03-2017 21:30:09+07:00

NBC to make 40B riel available to bidders

The National Bank of Cambodia will hold its sixth liquidity-providing collateralised operation (LPCO) on March 21 with 40 billion riel ($9.89 million) available to Cambodian financial institutions in need of liquidity, it said in a press release

The central bank introduced its LPCO mechanism in last October as a way of increasing local currency liquidity while moving towards the establishment of a benchmark interest rate.

phnompenh post

MOST READ

NEWS SAME CATEGORY

IFC to boost corporate governance
FINANCE Mar 16th at 21:28

IFC to boost corporate governance

The International Finance Corporation (IFC) launched a corporate governance initiative yesterday aimed at enhancing the efficiency of Cambodia’s private sector to...

ANZ Royal Bank opens branch for home loans
FINANCE Mar 16th at 21:27

ANZ Royal Bank opens branch for home loans

ANZ Royal Bank opened a dedicated home loan branch in the capital yesterday to serve customers looking to simplify the process of obtaining home loans, the company...

Tax treaty with Thailand mooted to boost trade
FINANCE Mar 14th at 09:20

Tax treaty with Thailand mooted to boost trade

Cambodian and Thai commerce officials met yesterday in Phnom Penh for the 6th Joint Trade Committee (JTC) meeting between the two countries, according to a...

Thai insurance broker to foray into Cambodia
FINANCE Mar 14th at 09:15

Thai insurance broker to foray into Cambodia

Thailand-based insurance broker TQM plans to expand its service into Cambodia next year as part of a regional expansion aimed at maintaining the company’s...

KDIC puts Tomato Bank on the chopping block
FINANCE Mar 14th at 09:00

KDIC puts Tomato Bank on the chopping block

Tomato Specialized Bank, the smallest bank in the Kingdom, is attempting to sell a majority stake in its operations in order to dilute the equity stake of its...

Sathapana Bank proceeds with logo change
FINANCE Mar 13th at 20:27

Sathapana Bank proceeds with logo change

Sathapana Bank has pre-emptively removed its signature golden lion logo from all 162 branches nationwide as the private bank aims to deflect government criticism...

BRED Bank aims to fill gaps
FINANCE Mar 13th at 20:23

BRED Bank aims to fill gaps

BRED Banque Populaire, a French cooperative lending institution, is the newest entry to Cambodia’s competitive banking sector and the first venture of a European...

Online tool to compare loans
FINANCE Mar 11th at 14:26

Online tool to compare loans

Spean Luy, the first dedicated website that allows users to compare the terms and interest rates of loan products from various Cambodian lenders, is looking to help...

MFI credit firm to push deeper into Cambodia
FINANCE Mar 6th at 10:06

MFI credit firm to push deeper into Cambodia

Micro-Credit Ratings International Ltd (M-CRIL), an Indian provider of rating and advisory services to the microfinance industry, has secured a $1.5 million equity...

BRED bank to carve out a niche in the market
FINANCE Mar 3rd at 07:58

BRED bank to carve out a niche in the market

Bred Banque Populaire – part of the second-largest banking group in France – officially launched operations in Cambodia yesterday after a ribbon-cutting ceremony at...

Read More

MOST READ

Back To Top