Customer credit at banks in Cambodia reached $37.3 billion in 2020, a 14.8 percent increase. More than 30 percent of this was allocated to the construction and property sectors, according to a recent National Bank of Cambodia (NBC) report.
Chief Bank clients can now repay their loan through Wing’s financial ecosystem.
as of Jan 3, CMA members have provided loan restructuring worth $1.382 billion.
The microfinance sector’s nonperforming loan (NPL) ratio decreased to 2.27 percent.
NBC to allow financial institutions to continue loan restructuring until mid-2021.
PM calls on banks and MFIs to delay repayment of debts of people affected by floods.
More than 260,000 applicants received approval to restructure their loans.
NBC: Microfinance industry should not be held accountable for unregulated microloans.
The SME Bank of Cambodia has approved loans to an estimated 532 customers.
Gov’t has signed concessional loan agreements worth $479 million in 2020 first half.
A new agreement for Phillip Bank’s customers to make their loan payments easier.
The banking sector saw loan restructuring of $2.16 billion covering 44,500 accounts.
MFIs have approved more than $1.223 billion for loan restructuring.
ADB’s Cambodia director to work with MSMEs to gain access to recent $250 M loan.
A MoU to allow WB Finance’s customers to pay loan conveniently via Ly Hour’s agents.
SME Bank senior official: Around $22 M are approved in loans ]for 175 clients.
Financial service providers have been seeing the number of loan restructuring requests slow down.
PM encourages any action to confiscate collateral of debtors who refuse to repay loans.
ARDB has received more than 288 loan applications so far amounting to $31 million.
Microfinance institutions approve loan restructures for over 180,000 customers.
Sar Kheng slams Rainsy for instigating people to start a civil disobedience campaign.
Central Bank reiterates the need to solving consumers’ issues with a soft approach.
Total outstanding loans in the first quarter of the year reached about $28.4 billion, up to 26%: CBC.
ARDB calls for SMEs to expand their agriculture-based processing productions.
Microfinance institutions (MFIs) have taken some actions to restructure their loans for affected customers.
Russians are borrowing more and more to support their businesses and lifestyle.
Germany disburses $33 million in loans and $2 million in grants to Cambodia.
Court begins the trial of a man who allegedly cheated a Japanese businessman.
Preah Sihanouk military police arrest six Chinese for allegedly confining ten people.
State-owned Rural Development Bank starts disbursing loans to local rice millers.