Omar Amara News Today

And good morning to you, everyone. Welcome to cnn this morning. It is saturday, september 30th. The last day of the month. Im amara walker. October is almost here. Im omar jimenez in for victor blackwell. Amara, good to be with you, so close but so far away. I feel close to you. Same to you. Great to see you, omar. Were watching a lot of news this morning. In fact, here we are again. Just hours away from a Government Shutdown. Lawmakers still cant agree on a deal to fund the government past midn...

The Kingdom’s banking and financial institutions posted very solid business performance overall last year despite regional and global uncertainty and inflationary pressures tied to Covid-19 and the Ukraine crisis.

The Kingdom’s financial institutions have on the whole posted very solid business performance in the second quarter of the year, ended June 30, thanks to the strong recovery seen since the government adopted a “living with Covid” stance in November 2021, allowing socio-economic activity to resume in earnest.

The Securities and Exchange Regulator of Cambodia (SERC) has authorised ACLEDA Bank Plc to collect application fees via e-payment methods for investor identification numbers (IIN) with the Cambodia Securities Exchange (CSX), in a bid to increase the convenience of investing in the local bourse.

The Kingdom’s stock exchange boss on December 5 provided a statement welcoming ACLEDA Bank Plc’s plans to issue a “green bond” to finance its green, eco-friendly business pursuits.

Local public-listed ACLEDA Bank Plc plans to launch the KHQR universal quick response (QR) code system in Vietnam and Laos, and go live by end-2022 and the first quarter of 2023, respectively, in a move to facilitate cross-border payments as well as promote trade and investment, according to a senior executive.

Over the past few years, digital financial services have seen greater adoption in Cambodia, a trend that was accelerated by the COVID-19 pandemic and the social distancing measures put in place to limit the spread of the virus.

The volume of online loan applications through Acleda Bank Plc has increased significantly over the past two years, tallying up to about 400,000 since 2020, according to its president and CEO.

Standard & Poor’s (S&P) Global Ratings on November 23 evaluated the Stand-Alone Credit Profile (SACP) of locally-owned publicly-listed Acleda Bank Plc at “BB” and Credit Ratings at “B+/Stable/B”.