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.