MicroFinance: $817 million of loans approved for restructure
Microfinance institutions approve loan restructures for over 180,000 customers.
Tag: microfinance
Central bank wants end to $1, $2 and $5 notes
NBC asks commercial banks to send it the smallest US dollar banknotes.
CCHR pens open letter for gov’t to increase MFI pandemic response
CCHR requests microfinance institutions to suspend all loan repayments.
South Korean bank gets a foothold in SEA
KB Kookmin Bank pays $603M for a 70% stake of Prasac Microfinance Institution.
Low interest loans applauded
Move seen as initiative to curb fiscal impact of COVID-19
CSX-listed microfinance institutions record a very strong yearly growth
Hattha Kaksekar and LOLC Cambodia announce strong performance growth last year.
A serious concern: Cambodians’ $8 billion microfinance debt
Cambodia needs to ease credit and provide help to indebted households: World Bank.
Microfinance commits to fulfilling tax obligations
CMA says it has taken steps to fulfil its tax obligations to the government.
LOLC Cambodia reports assets exceeding $1 billion last year
LOLC Cambodia reports assets of more than $1 billion as of December last year.
MFI players to boost financial inclusion in Kingdom
A financial project to help Cambodians access formal financial services via education.
Loan portfolio goes over $7bln, but is predicted to be lower this year
The microfinance sector will continue to stay healthy: Kea Borann.
LOLC says 2019 is ‘the year of digital services’
LOLC Cambodia increases its loan portfolio by 28 percent in 2019.
Access to loans improves people’s lives – RAC rebuts NGOs study findings
Access to banks’ loans improve people’s living standards: industry insiders say.
Cambodia’s microfinance a growth engine, not a debt trap
The recent controversial report entitled “Collateral Damage” published by LICADHO and Sahmakum Tean Tnaut has stirred public debate and created misunderstanding on the whole situation of the microfinance in Cambodia.
CMA dismisses report citing abuses in microfinance sector
The Cambodia Microfinance Association dismisses a report noting abuses.
Appeal Court reviews microfinance case
Appeal Court hears the case of an NGO vice president convicted in 2016 for cheating.
Microlender reports strong performance after bond issuance on CSX
Hattha Kaksekar reports income increase.
Loans, deposits up 10 percent in Q1
Outstanding loans expand by 9.3 percent compared to the last quarter of 2018, reaching over $6 billion.
CBC’s Commercial Credit Reporting System good to go
The Credit Bureau Cambodia (CBC) announced that it will launch the Commercial Credit Reporting System [CCRC] by the end of May.
SECC likely to greenlight LOLC’s bonds this month
LOLC to probably be granted permission to issue corporate bonds this month.
Can a Korean financial education model help Cambodia’s financial literacy?
The rise of lending institutions skyrocket.
LOLC to issue Cambodia’s second corporate bond
LOLC (Cambodia) Plc., a leading microfinance deposit-taking institution in the Kingdom, plans to raise $20 million by issuing corporate bonds on the Cambodia Securities Exchange (CSX).
Banks and MFIs growing at a healthy rate: Central Bank
The National Bank of Cambodia says the local banking and microfinance industry saw healthy growth in 2018, with total assets expanding by 19.4 percent year-on-year to reach about $40 billion.
Khemarak University and CMA team up to train microfinance professionals
A training session on microfinance is set.
A ‘turning point’ for the local bourse: ASA’s Neth Piseth discusses IPO
Acleda Bank’s shareholder, ASA Public Limited company (ASA Plc), is due to become the sixth firm in the Cambodia Securities Exchange (CSX). The company is planning an IPO that could raise $89.6 million for 25 percent of its stake.
Bankers agree: 2018 a great year for local financial sector
Despite uncertainty caused by the July general elections, 2018 was an excellent year in terms of business performance for a number of key players in the local financial sector.
HKL issues first-ever bond
Microfinance institution Hattha Kaksekar Limited becomes the first firm to list its corporate bonds on the CSX.
Chinese bank buys majority stake in AMK
The Shanghai Commercial & Savings Bank buys a majority stake in AMK microfinance.
Microfinance fraudsters jailed over breach of trust
Phnom Penh Court charges four senior officers with breach of trust.
Banks, insurance companies must list in stock exchange
Securities industry insiders urged the National Bank of Cambodia (NBC) and Securities and Exchange Commission of Cambodia (SECC) to push for more banks and microfinance institutions (MFIs) and insurance companies to list in the local stock exchange.
