Khmer News- Cambodian economy » cambodian banks

Opening saving account for your kids?

vutha — Wed, 02 Mar 2011 03:45:53 +0000

All of us may have different dreams and different wishes. However all parents have a common hope and that is to give the best to their children so that they can have a bright future. Education is undeniably the greatest vehicle to get to such as dream. Nevertheless, we’ve all known that education, [...]

Civil servant pension managed by Canadia bank

vutha — Sat, 10 Jul 2010 01:32:05 +0000

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 [...]

Banks launch sell down of $421m Mobitel loan

vutha — Sat, 27 Mar 2010 02:09:34 +0000

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. [...]

How to clear check of adsense with Cambodian banks

vutha — Tue, 23 Mar 2010 16:47:02 +0000

In fact that I do not know the process of clearing check of google adsense in Cambodian banks and I don’t know how much to pay for transaction fee to bank but this evening I chatted with Khmerbird who receive check from google and now he got cash [...]

Using PayPal unavailable in Cambodia

vutha — Wed, 03 Mar 2010 03:07:46 +0000

I always received comments and emails from blog readers and friends who asked me about the process of using Paypal in Cambodia. Why did they ask me? Because they find that I am using Paypay to get paid from advertisers. In fact that I use my sister’s Paypal account in USA because she [...]

Acleda bank rating upheld by Global credit risk agency

vutha — Mon, 29 Jun 2009 04:15:05 +0000

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

vutha — Thu, 25 Jun 2009 01:55:26 +0000

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.

Banker loan to small business

vutha — Tue, 16 Jun 2009 02:14:20 +0000

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 [...]

Commercial banks’ ATM network expanded

vutha — Thu, 11 Jun 2009 07:53:05 +0000

The global financial crisis did not affect strongly the local commercial banks in Cambodia because most of banks don’t depend on foreign source of finance, and loans from other foreign banks and also don’t buy stocks in the international market. At the mean time, Cambodia has not yet created stock exchange. As Cambodia’s [...]

SMEs need to gain access to finance

vutha — Wed, 10 Jun 2009 00:47:21 +0000

Due to the effect of the global economic slowdown, the large-scale investments in Cambodia are slowing down. It is hopeful that small and medium enterprises (SMEs) play an important role in improving economic development and creating sustainable employment and income, said Cham Prasidh, Ministry of Commerce, at the Tuesday’s meeting in Phnom Penh.

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Financial lease law draft approved

vutha — Mon, 01 Jun 2009 08:27:49 +0000

On Wednesday, May 27, 2009, the National Assembly passed unanimously the draft law on financial lease that is allow banks to issue leases for equipment, machinery and vehicles to business and enterprises in the wake of the global financial crisis. This law does not apply to land or real estate.

The Foreign Trade Bank of Cambodia (FTB) has equipped new high technology for its customers to use ATM (Automatic Tell Machine) which have innovative and advanced functionality to make them easier to withdraw money, which those find modern technology a little scary. The bank installed ATMs with the fingerprint recognition technology that customers do [...]