Peer-to-peer (P2P) lending marketplace Rai Capital (Cambodia) Co Ltd on November 26 announced its official launch in the Kingdom.
The Credit Guarantee Corporation of Cambodia (CGCC) is on track to be launched in the first half of next year, Banking Association of Cambodia (ABC) president In Channy told The Post on November 26.
The insurance sector in Cambodia earned $201.7 million in premiums in the first nine months of this year, climbing 8.2 per cent from the $186.3 million logged in the same time last year, the Insurance Association of Cambodia (IAC) reported.
Customers of Bakong’s bank partners can now transfer funds with ease through Wing’s nationwide financial system.
The Ministry of Economy and Finance on November 20 issued Prakas No 962 SHV BrK on Tax Debt Management.
National Bank of Cambodia (NBC) assistant governor Chea Serey on Monday reiterated her statement that the recently-launched Bakong, an interbank blockchain-based payment system, is not a central bank digital currency (CBDC) and is wholly fiat-backed.
The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) on Thursday soft-launched banking operations, it said in a press release.
On the basis that non-performing loans stood around 2.3 per cent as of August 31, 2020, credit risk in the microfinance sector remains relatively low, said National Bank of Cambodia assistant governor and director-general Chea Serey.
Phnom Penh Commercial Bank (PPCBank) – the Cambodian subsidiary of JB Financial Group’s flagship lender – signed a deal with a Thailand-based financial technology firm to provide electronic loan repayment services to customers, the South Korean banking group said on Wednesday.
The government has decided to postpone the implementation of the capital gains tax from January 1, 2021 to January 1, 2022, the Ministry of Economy and Finance’s General Department of Taxation (GDT) said on Thursday.