Access to banks’ loans improve people’s living standards: industry insiders say.
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.
The Cambodia Microfinance Association dismisses a report noting abuses.
Appeal Court hears the case of an NGO vice president convicted in 2016 for cheating.
Hattha Kaksekar reports income increase.
Outstanding loans expand by 9.3 percent compared to the last quarter of 2018, reaching over $6 billion.
The Credit Bureau Cambodia (CBC) announced that it will launch the Commercial Credit Reporting System [CCRC] by the end of May.
LOLC to probably be granted permission to issue corporate bonds this month.
The rise of lending institutions skyrocket.
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).
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.
A training session on microfinance is set.
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.
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.
Microfinance institution Hattha Kaksekar Limited becomes the first firm to list its corporate bonds on the CSX.
The Shanghai Commercial & Savings Bank buys a majority stake in AMK microfinance.
Phnom Penh Court charges four senior officers with breach of trust.
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.
Financial institutions may employ armed guards at their premises.
National Bank rejects 2 license applications and revokes 24 of microfinance institutions.
NH Nonghyup, a South Korean bank, is granted permission to take over SAMIC.
Loan providers are asked to ease the burden on farmers affected by recent floods.
Hattha Kaksekar Limited, one of the largest microfinance institutions in the country, will issue the first corporate bond.
Sri Lanka announces it was waiving debts for 200,000 women unable to repay microfinance loans and cap lending rates.
National Bank disburses over$58.5 million, in liquidity-providing collateralised operation.
A high-ranking CPP official has instructed his subordinates to help people retrieve their Cambodian identity cards fileds
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 Microfinance Institution, a provider of accessible financial services, opens its newly constructed and state-of-the-art head office.
Representatives of financial and business agencies gather at bancassurance workshop.
Seoul Woori commercial Bank take over microfinance VisionFund Cambodia.