Big foreign capital increase for banking sector in 2017
- CEOCambodiaNews
- Expatriate
- Posts: 62322
- Joined: Sun Oct 12, 2014 5:13 am
- Reputation: 4033
- Location: CEO Newsroom in Phnom Penh, Cambodia
- Contact:
Big foreign capital increase for banking sector in 2017
Kingdom’s banks see rising foreign influx
Cambodia’s banking sector saw an almost 32 percent increase in foreign capital inflow in 2017, a result of new foreign banks and stricter capital requirements set by the National Bank of Cambodia, according to the central bank’s annual report.
The nonbanking sector saw a more modest 0.8 percent increase in foreign capital inflow last year, with the real estate and garment sectors experiencing a slight decrease compared to 2016. “Inflows of foreign capital into the Kingdom’s banking sector increased 31.8 percent, thanks to the establishment of the two new banks: [France’s] BRED Bank and [Japan’s] Mizuho Bank,” the report said.
It also noted that the national bank’s March decision to raise the minimum capital requirements for commercial and subsidiaries of foreign banks operating in Cambodia to $75 million contributed to the growth. According to the report, most of the foreign capital inflow came from Asian countries such as China, Vietnam, South Korea, Malaysia, and Singapore.
http://www.phnompenhpost.com/business/k ... ign-influx
Cambodia’s banking sector saw an almost 32 percent increase in foreign capital inflow in 2017, a result of new foreign banks and stricter capital requirements set by the National Bank of Cambodia, according to the central bank’s annual report.
The nonbanking sector saw a more modest 0.8 percent increase in foreign capital inflow last year, with the real estate and garment sectors experiencing a slight decrease compared to 2016. “Inflows of foreign capital into the Kingdom’s banking sector increased 31.8 percent, thanks to the establishment of the two new banks: [France’s] BRED Bank and [Japan’s] Mizuho Bank,” the report said.
It also noted that the national bank’s March decision to raise the minimum capital requirements for commercial and subsidiaries of foreign banks operating in Cambodia to $75 million contributed to the growth. According to the report, most of the foreign capital inflow came from Asian countries such as China, Vietnam, South Korea, Malaysia, and Singapore.
http://www.phnompenhpost.com/business/k ... ign-influx
Join the Cambodia Expats Online Telegram Channel: https://t.me/CambodiaExpatsOnline
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
Facebook
Twitter
YouTube
Instagram
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
YouTube
-
- Similar Topics
- Replies
- Views
- Last post
-
- 2 Replies
- 4394 Views
-
Last post by Kammekor
-
- 2 Replies
- 1138 Views
-
Last post by Freightdog
-
- 15 Replies
- 2573 Views
-
Last post by jaynewcastle
-
- 9 Replies
- 2243 Views
-
Last post by RorschachRev
-
- 0 Replies
- 1638 Views
-
Last post by CEOCambodiaNews
-
- 0 Replies
- 848 Views
-
Last post by yong
Who is online
Users browsing this forum: No registered users and 119 guests