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Bank Closures

| Publication date 22 December 2000 | 07:00 ICT

Bank Closures

Eleven banks have been ordered closed by the National Bank of Cambodia for failing

to comply with newly imposed minimum capital requirements. A new banking law enacted

in 1999 raised the minimum capital requirement for banks from $5 million to $11 million.

The closed banks are: Bangkok, Angkor, Chansavanvong, Cambodia Farmers, Cambodia

International, Rich Nation, Great International, Agricultural and Commercial, Global

Commercial, Pacific Commercial and Great International.

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