NBC brings in $500K at lat­est liq­uid­ity auc­tion

The Phnom Penh Post - - BUSINESS -

THE Na­tional Bank of Cam­bo­dia yes­ter­day held its 14th liq­uid­i­typro­vid­ing col­lat­er­alised op­er­a­tion, mak­ing 20 bil­lion riel ($4.5 mil­lion) avail­able to fi­nan­cial in­sti­tu­tions in an auc­tion in which re­pur­chase agree­ments, or re­pos, were signed for 2 bil­lion riel ($500,000). Only one fi­nan­cial in­sti­tu­tion made a suc­cess­ful bid dur­ing the auc­tion, re­ceiv­ing funds at an in­ter­est rate of 3 per­cent, the cen­tral bank said in a re­lease.

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