Access to loans improves people’s lives – RAC rebuts NGOs study findings
Access to banks’ loans improve people’s living standards: industry insiders say.
Tag: microfinance
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.
Banks and MFIs can employ armed police: Ministry
Financial institutions may employ armed guards at their premises.
Fresh round of MFI license cancellations by NBC
National Bank rejects 2 license applications and revokes 24 of microfinance institutions.
Korean bank acquires local microfinance firm
NH Nonghyup, a South Korean bank, is granted permission to take over SAMIC.
Central Bank asks lenders to help flood-stricken farmers
Loan providers are asked to ease the burden on farmers affected by recent floods.
HKL to issue Cambodia’s first bond
Hattha Kaksekar Limited, one of the largest microfinance institutions in the country, will issue the first corporate bond.
Sri Lanka: women debtors get waiver
Sri Lanka announces it was waiving debts for 200,000 women unable to repay microfinance loans and cap lending rates.
NBC injects 238 bln riel into local banks through LPCO
National Bank disburses over$58.5 million, in liquidity-providing collateralised operation.
Help retrieve voters’ ID cards: CPP
A high-ranking CPP official has instructed his subordinates to help people retrieve their Cambodian identity cards fileds
Central bank takes action against wayward lending firms
The National Bank of Cambodia is working with the General Commissariat of National Police to stop the operations of unofficial lending operators that engage in unethical practices.
Amret Opens New State-Of-The-Art Head Office Microfinance Company HQ
Amret Microfinance Institution, a provider of accessible financial services, opens its newly constructed and state-of-the-art head office.
Insurance experts convene to discuss bancassurance
Representatives of financial and business agencies gather at bancassurance workshop.
Korean takeover points to thriving MFI sector
Seoul Woori commercial Bank take over microfinance VisionFund Cambodia.
