About Cambodia No.1 News Channel
Posted
by Cambodia News
on June 23, 2009
HISTORY
The Association was formed in 1994 and is recognised by
the Royal Government as the official organisation to represent the
country's private banking sector. Our purpose is to promote
constructive dialogue among member banks and to serve as an industry
voice to the public and the Government.
Membership is compulsory
under the Law on Banking and Financial Institutions. Our membership
consists of local and foreign owned commercial banks and branches,
specialised banks and one foreign bank representative office.
The
Association meets at least once a month, and more often if required by
urgent matters. In addition there are regular and ad hoc working
committees that focus on specific issues. The regular committees are:
· Private Sector Working Group - Banking & Finance and Insurance
· Educational Working Group
· Government Agencies Relationship Group
The
Association now is working on creation of a Bank Training Institute in
Cambodia (BTIC) with cooperation with Mekong Project Development
Facility (MPDF) and Asian Development Bank (ADB)
The Association has been an active member of the ASEAN Bankers Association and participates in all its meetings and functions.