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