Business
Cambodia's Central Bank Revokes Licenses of Three Banks, Orders Liquidation
The National Bank of Cambodia has revoked the licenses of three banks: CCYU Commercial Bank Plc, HENG FENG (CAMBODIA) BANK Plc, and XHX (CAMBODIA) BANK Plc, ordering their liquidation. This action is based on current laws and regulations, aiming to protect depositors and ensure debt obligations are met.
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- National Bank of Cambodia Revokes Licenses, Orders Liquidation of Three Banks
The National Bank of Cambodia has announced the revocation of licenses and ordered the liquidation of three banks: CCB Commercial Bank Plc, Heng Heang (Cambodia) Plc, and HHC (Cambodia) Plc. This decision, based on existing laws and regulations, aims to protect depositors and maintain financial system stability.