Tuesday, September 23, 2008
Cambodian commercial banks told to triple capital
Posted on 6:31 AM by svdfbd
PHNOM PENH, Sept. 23 (Xinhua) -- The National Bank of Cambodia (NBC) has tripled the minimum capital requirement for commercial banks in the Kingdom in an effort to tighten and strengthen the banking sector, national media reported Tuesday. According to a copy of an NBC directive, commercial banks in Cambodia are now requiring to have a minimum capital of 150 billion riel (about 36.5 million
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