Logo of Phnom Penh Post newspaper Phnom Penh Post - Firm bids on 8B riel in NBC’s repo auction

Firm bids on 8B riel in NBC’s repo auction

The National Bank of Cambodia building on Norodom Boulevard, Phnom Penh.
The National Bank of Cambodia building on Norodom Boulevard, Phnom Penh. Pha Lina

Firm bids on 8B riel in NBC’s repo auction

The National Bank of Cambodia (NBC) yesterday held its 11th liquidity-providing collateralised operation (LPCO), making 40 billion riel ($9.89 million) available to financial institutions in an auction in which repurchase agreements, or repos, were signed for 8 billion riel ($2 million).

Only one financial institution successfully bid in the auction, receiving the funds at an interest rate of 3 percent, NBC said in an announcement.

MOST VIEWED

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • Shipwreck found off coast of Koh Kong

    Royal Cambodian Navy researchers are working to identify a decades-old shipwreck found earlier this month off the coast of Koh Kong province. Divers found the 70-metre-long wreck on April 4 about a mile from Koh Chhlam island, according to Navy officials. Deputy Navy Commander Tea Sokha,