Phnom Penh Commercial Bank (PPCB), which is a commercial bank, has started its banking operations on 1st September 2008. PPCB is a fully licensed commercial bank and its scope of business is to include general commercial banking business, such as deposit taking, loan, L/C and guarantee issuance, FX, underwriting of securities, trading of gold, etc. [...]
Corporations or governments that make the decision to sell ownership in their company through an initial public offering generally engage the services of an investment bank to assist in structuring the transaction and to raise capital.
A financial instrument that will help to formalise interbank lending in Cambodia is set to launch “very soon”, the central bank has said. Interbank markets, where institutions borrow and lend to each other largely to either maintain required reserves or profit from an excess of them, are common in most developed economies.
The International Business Chamber of Cambodia has elected its executive committee for the 2011 and 2012, according to a press release. Prominent lawyer Bretton Sciaroni has been re-elected chairman
CAMBODIA Development Specialized Bank, a joint-venture between Cambodian and South Korean investors, has shut down after being unable to comply with a new minimum capital requirement, officials said.
ACLEDA Bank’s Unity mobile banking service has signed up more than 23,000 users since launching in July last year.
Estimates point to 20 percent industry growth Updated
SINGAPORE Banking Corporation Ltd is set to open a second branch in Siem Reap. Work on the new branch, located on the ground floor inside the busy Lucky Mall complex, has almost been completed. But Chea Nary, administration officer, said the opening date was uncertain “because it depends on the processing of the licence”. SBC [...]
CAMBODIA’S Small and Medium Industries Association warned that domestic rice millers require US$720 million in loans this harvest season, or they risk being out-competed by foreign merchants. “We cannot compete with buyers from Thailand and Vietnam to buy grain if local rice mills can’t receive more capital from the government or private banks,” said the [...]
THE National Bank of Cambodia is set to sign a memorandum of understanding regarding the Kingdom launch of the Industrial and Commercial Bank of China. In a meeting lasting over three-hours, which saw the government meet with delegations from the Industrial and Commercial Bank of China and China Oil and Foodstuff Corporation, officials said the [...]