Currently viewing the tag: "Banking sector"
car loan in Cambodia

The easiest way of grabbing low rate car loans from Cambodian commercial banks

By On May 6, 2011 · 3 Comments

Whether you’re a resident of Cambodia or anywhere else in the world, with the present global financial hangover, everyone is looking for ways to save money in every little way possible. If you’re a prospective vehicle buyer in Cambodia, you must be looking for the commercial banks that specialize in offering loans at [...]

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Civil servant pension managed by Canadia bank

By On July 10, 2010 · Leave a Comment

Canadia Bank signed agreement with the National Social Security Fund for Civil Servants (NSSFCS) yesterday in Phnom Penh in order to manage a pension and social security fund to Cambodian civil servants.

Initially, offering fund is for civil servants in Phnom Penh and it will be available through the banks a [...]

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Banks launch sell down of $421m Mobitel loan

By On March 27, 2010 · Leave a Comment

ANZ and Standard Bank launched the sell down of a US$421 million 18-month bridging loan this week, to back the Royal Group’s acquisition of Millicom’s majority stake in Mobitel.

The loan covers the Royal Group’s November purchase of Luxembourg-based Millicom International Cellular SA’s network operations in the Kingdom for $346 million. [...]

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Pay electricity bills through bank’s ATMs

By On August 27, 2009 · 4 Comments

Cambodia’s leading commercial bank, ACLEDA, has signed a memorandum of understanding with State-own electricity provider, Electricity du Cambodge (EdC), on August 17 at Raffles Hotel Le Royal in a purpose to provide the bank’s costumers in Phnom Penh and Kandal province to pay their electricity bills through Automatic Teller Machines (ATMs).

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Acleda bank rating upheld by Global credit risk agency

By On June 29, 2009 · 2 Comments

On Friday, 19 June, 2009, Moody, US-based global credit risk agency, confirmed in its statement that it has kept up the bank’s previous ratings mainly due to the role of Acleda’s shareholders, have has long-term focus and have demonstrated their support to the bank by providing equity and debt financing since its inception.

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Budgetary transaction handled by bank

By On June 25, 2009 · 3 Comments

In a bid of the Cambodia government to enhance national financial accountability and strengthen effective management in public institutions, Ministry of Finance on Monday signed a memorandum of understanding with commercial bank, Acleda, to handle government’s budgetary and revenue transaction, including the payment of government salaries in Kandal and Banteay Meanchey provinces.

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Banker loan to small business

By On June 16, 2009 · 3 Comments

Cambodia Commercial banks are playing an important role in providing loans for Cambodia’s small and medium enterprises to drive the economic growth, but small enterprises lack the formal financial support to expand their business, it is because the banking and financing sector do not access the remote rural areas. According to studies, there [...]

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