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In a recent address at an annual meeting, Chea Serey, the Governor of the National Bank of Cambodia (NBC), declared that Cambodia’s banking and financial industry remains robust and healthy, even in the face of global economic challenges. This assertion comes as a reassurance amidst growing concerns about the stability of financial institutions in some…
Bridge Bank, a prominent commercial bank offering comprehensive banking services, has joined forces with East Asia Management University (EAMU) to provide invaluable internship opportunities, knowledge sharing, and mentorship to aspiring students. This collaboration aims to empower students with practical experience and a deeper understanding of the financial industry. The official partnership was cemented through the…
The National Bank of Cambodia (NBC) has received accolades from a senior United Nations (UN) official for its unwavering commitment to implementing environmental, social, and governance (ESG) norms. During her official visit to Cambodia, Armida Salsiah Alisjahbana, the Under-Secretary-General of the United Nations and Executive Secretary of the Economic and Social Commission for Asia and…
Cathay United Bank, a Taipei-based bank, has been significantly expanding its presence in Cambodia over the past decade. Aligned with its parent group’s objectives, the bank has been actively promoting consumer banking in the Southeast Asian country, particularly through digital finance solutions, in order to enhance the overall customer experience. Since the launch of the…
In October 2020, the National Bank of Cambodia (NBC) made a groundbreaking decision to adopt blockchain technology as the foundation for its revolutionary Bakong system. Since then, Bakong has witnessed remarkable success, capturing nearly 60 percent of the country’s population with almost 10 million accounts. According to Muniswamy Kishore Kumar, Head of IT Department and…
Partnership aims to drive financing for climate-friendly projects and facilitate Cambodia’s transition to a green economy The National Bank of Cambodia (NBC) and the International Finance Corporation (IFC) have entered into a cooperation agreement to enhance the availability of funding for climate-friendly initiatives and support Cambodia’s shift toward a sustainable, green economy. This partnership, detailed…
In an effort to contribute to poverty reduction and sustainable national economic growth, Prime Minister Dr. Hun Manet has called upon all banking sectors in Cambodia to explore the possibility of offering comprehensive services. These remarks were made during the official inauguration ceremony of the Wing Tower, the central head office of Wing Bank, on…
Techo Startup Centre recently organized a two-day Digital Business Expo at the Sofitel Phnom Penh Phokeethra, focusing on the theme of Startup, Innovation, and Technology in the Context of the Digital Economy and Society. The event, held from November 22 to 23, received support from the Ministry of Economy and Finance and the Capacity Building…
In a move to enhance cross-border mobile payments in the region, the National Bank of Cambodia has signed a Memorandum of Understanding (MoU) with Ant International. This partnership aims to facilitate efficient and secure payments through QR codes using KHQR. The collaboration will connect Bakong’s network with Alipay+’s payment partners and global traders. Users and…
Cambodia’s budgetary central government (BCG) revenue has reached over $4.6 billion in the first nine months of 2023, representing nearly 73% of the year’s financial target. While this marks a slight decline compared to the previous year, the Ministry of Economy and Finance remains optimistic. During January to September, the government collected around $4.64 billion,…
In a meeting between Cambodia’s Minister of Labour and Vocational Training, Heng Sour, and the World Bank Country Director for Cambodia, Laos, and Myanmar, Ms. Mariam Sherman, both parties expressed their commitment to further fostering cooperation in promoting skills among the Cambodian labor force for better job opportunities. During the meeting, Minister Heng Sour emphasized…
Attention all job seekers looking to kickstart their career in the banking and finance industry! The highly anticipated Banking Jobs and Skills Summit 2023 is just around the corner, and it’s an event you don’t want to miss. Mark your calendars for September 29-30, and head over to the esteemed National University of Management (NUM)…
Chea Serey, Governor of the National Bank of Cambodia, emphasized the crucial connection between a country’s monetary policy and financial stability. Speaking at the 16th High-Level Seminar organized by the National Bank of Cambodia (NBC), South East Asian Central Banks (SEACEN) Research, and Bank for International Settlements (BIS) in Siem Reap province, Serey addressed senior…
