National bank initially purchased a 10% interest in aba bank in 2014, and made subsequent investments that brought its stake to 42% in 2015. The national bank of cambodia the 50 riels banknote from 2002. To strengthen the banking system in the earlier 2000 the national bank of cambodia introduced bank restructuring program, requiring the existing banks to. The foreign trade bank was to provide commercial banking services. The bank was established in 1954 3 after the indochina printing institution closed 4 when cambodia obtained its independence from france. National bank takes controlling interest in aba bank. Explaining labor shortage in agriculture sector in cambodia. Birthday of his majesty preah bat samdech preah boromneath norodom sihamoni, king of cambodia. History of banking sector in cambodia the association of banks in. Jul 30, 2015 promoting financial consumer protection in cambodia. The national bank of cambodia nbc was established as the central bank.
Law on the organization and conduct of the national bank of. Birthday of her majesty the queenmother norodom monineath sihanouk of cambodia. National bank of cambodia nbc open development cambodia. Cambodia sustainable development the united nations.
The laws and regulations are applicable to banks and financial institutions, as well as for other users in their. Nsrkm019627 of january 26, 1996 promulgating the law on the organization and functioning of the national bank of cambodia. March 11, 2019 can a korean financial education model help cambodia s financial literacy. Nbcb70046 february 16, 2000 prakas on banks solvency ratio the governor of the national bank of cambodia referring to the 1993 constitution of the kingdom of cambodia. National bank of cambodia archives capitalcambodia. It closed in 1975, but in 1979 it reopened under the name, peoples bank of kampuchea, until 1992, when the name was changed again, to the national bank of cambodia. National bank now holds a 90 % interest in aba bank. Banks in cambodia are supervised by the national bank of cambodia, which was founded in 1954 when the county gained independence from france.
The banks duties include, inter alia, the management of monetary and exchange policies, the regulation of banks and financial institutions, and the control of the national currency, the riel. The world banks assessment made in the cambodia economic update report was based on 2018 data on the value of cambodias three key eu exports clothing, footwear. This study was undertaken by a team from the national bank of cambodia nbc. The national bank of cambodia has instituted a multipronged approach to incrementally push for more riel usage and ultimately be the arbiters of the kingdoms monetary policies. An nbc initiative to promote consumer empowerment in cambodia. The national bank of cambodia is the central bank which is an. The banking code compilation of laws and regulations are a collection of legal and regulatory frameworks of the banking sector of for licensed and registered institutions under the supervision of the national bank of cambodia. Financial sector blueprint for 20012010 think asia. Catalogues or lists of new publications are available free of charge. Other than for the governor, deputy governor and the national bank staff. Heng bomakara national bank of cambodia 31 january 2019 sunway hotel, phnom penh, cambodia.