Phnom Penh: According to the announcement on the registered capital minimum of Banking and Financial Institutions of the National Bank, which decided on March 22, 2016, said that private banks must increase its reserves to at least $ 75 million to sign the list operated to to Cambodia and decisions that Tunisian National Bank for 2 years to private banks to increase capital until 2018.
The ordered private banks to increase reserves to $ 75 million is to reset the minimum registered capital for banks and finance. Moreover, this decision is intended to strengthen the capital base of banks and financial institutions to become stronger.
In the decision of the National Bank, said: 'banks established under the branches of foreign banks, investment banks, ranked by international independent agency classification must have a minimum registered capital is equal to two hundred million.'
The banks formed under a local company or a subsidiary foreign banks must have a minimum registered capital equivalent to three hundred million. While the specialized bank established under a local company must have a minimum registered capital equivalent to sixty million.
However, for deposit taking microfinance institution must have a minimum registered capital equal to one hundred and twenty million.
