News

Chea Serey promoted to central bank governor

Chea Serey has been formally appointed as governor of the National Bank of Cambodia (NBC) on the heels of her promotion from central banking director-general to deputy governor in March. ...

May Kunmakara
https://www.phnompenhpost.com/business/chea-serey-promoted-central-bank-governor

Banks, MFIs raise interest rates following Fed move

Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...

Kang Sothear
https://www.khmertimeskh.com/501128445/banks-mfis-raise-interest-rates-following-fed-move/

MFI credit risk relatively low, NBC’s Serey says

On the basis that non-performing loans stood around 2.3 percent as of August 31, 2020, credit risk in the microfinance sector remains relatively low, said National Bank of Cambodia assistant governor and director-general Chea Serey. ...

Sangeetha Amarthalingam
https://www.phnompenhpost.com/business/mfi-credit-risk-relatively-low-nbcs-serey-says

Banks, MDIs urged to provide loans

The National Bank of Cambodia (NBC) has encouraged banks and money-deposit taking institution (MDIs) to continue disbursing loans and possibly suspend interest for businesses impacted by the Covid-19 outbreak, especially in the tourism industry. ...

May Kunmakara
https://www.phnompenhpost.com/business/banks-mdis-urged-provide-loans

MFI loans, deposits grow in first nine months of this year

Outstanding loans and deposits in Cambodia’s crowded microfinance institution (MFI) sector have seen a sharp rise in the first three quarters of this year. ...

May Kunmakara
https://www.phnompenhpost.com/business/mfi-loans-deposits-grow-first-nine-months-year

PM orders arrest of lying politicians

Prime Minister Hun Sen has ordered authorities to arrest any politicians pledging to clear the debts of voters with micro-finance institutions (MFIs) and banks if their party wins the elections. ...

Taing Vida
http://www.khmertimeskh.com/news/35279/pm-orders-arrest-of-lying-politicians/

Sathapana borrows $15m for micro loans

Cambodian microfinance institution (MFI) Sathapana Limited will receive $15 million in loans to provide additional support to small- and medium-size enterprises (SMEs), which make up the vast majority of the country’s businesses. The loan comes courtesy of German Investment and Development Company DEG, a subsidiary of ...

http://www.phnompenhpost.com/business/sathapana-borrows-15m-micro-loans

Banks give students some tips

The first Banking Careers Forum, organised on Friday by CamEd Business School with the support of leading banks and Micro Finance Institutions (MFIs), attracted hundreds of students –  the majority of them studying accounting and banking – to participate and find job opportunities in the ...

http://www.phnompenhpost.com/2013010760648/Business/banks-give-students-some-tips.html

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