Headlines

Cambodia > Finance

SME Bank and ARDB disburse $63M in loans

07/31/2020 08:08

State-owned financial institutions Small and Medium Enterprise Bank of Cambodia (SME Bank) and Agricultural and Rural Development Bank of Cambodia (ARDB) have disbursed $63.44 million in loans to small and medium-sized enterprises (SMEs) as of Tuesday.

Cambodia > Finance

Small US banknotes ‘still valid’

07/31/2020 08:04

National Bank of Cambodia (NBC) director-general Chea Serey on Thursday stressed that small-denomination US banknotes will remain valid and legal tender in the Cambodian market.

Cambodia > Finance

Vattanac Bank rolls out mobile application

07/30/2020 08:13

Vattanac Bank launched a mobile banking app on Wednesday to provide fast and secure customer service and respond to the rise in digital development in Cambodia, it announced.

Cambodia > Finance

NBC head underscores value of women’s access to finance

07/29/2020 08:06

Unlocking greater access to formal finance for Cambodian women will play a strategic role in the process of the Kingdom’s economic development, National Bank of Cambodia (NBC) director-general Chea Serey said on Monday.

Cambodia > Finance

Banks unite with tech firm to ease transfers

07/28/2020 07:41

ACLEDA Bank Plc and Kess Innovation Plc are partnering to launch a fund transfer and cardless cash service to streamline digital payments.

Cambodia > Finance

Gov’t CGC scheme to boost business loans

07/24/2020 07:22

The government plans to establish a Credit Guarantee in Cambodia (CGC) scheme to serve as a risk-sharing tool for financial institutions to disburse more loans to businesses impacted by Covid-19.

Cambodia > Finance

Customs nets $1.3B in first half

07/17/2020 07:46

The General Department of Customs and Excise’s revenue collection plummeted 16.2 per cent to $1.272 billion in the first half of this year from $1.517 billion compared to the corresponding period last year.

Cambodia > Finance

Acleda, CDB ink $130M credit facility pact

07/13/2020 08:22

ACLEDA Bank Plc, Cambodia’s largest locally-owned commercial bank, has signed a $130 million long-term facility agreement with Chinese state-owned China Development Bank Corp (CDB), the world’s largest development bank by assets, it said in a press release on Friday.

Cambodia > Finance

Gov’t collects $1.68B in tax revenue

07/13/2020 08:16

The General Department of Taxation (GDT) collected $1.68407 billion in tax revenue in the first half of this year, up $181.68 million or 12 per cent compared to the same period last year, it said in a press release.

Cambodia > Finance

Kingdom’s financial sector healthy

06/26/2020 07:54

Cambodia's financial sector remains on a sustainable growth path despite the Covid-19 pandemic squeezing crucial industries, National Bank of Cambodia (NBC) governor Chea Chanto said.

 

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