News

New tourism-recovery loans slowing: SME Bank

A total of $53.46 million in loans have been disbursed to 346 tourism-linked businesses through state-owned Small and Medium Enterprise Bank of Cambodia Plc’s (SME Bank) $150 million Tourism Recovery Co-Financing Scheme (TRCS) as of April 30, since the loans began to be offered in ...

May Kunmakara
https://www.phnompenhpost.com/business/new-tourism-recovery-loans-slowing-sme-bank

SME Bank’s loans help more than 2,000 businesses

The state-owned Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank) has disbursed more than $200 million in loans to at least 2,500 SMEs to help them expand businesses. ...

Khmer Times Staff
https://www.khmertimeskh.com/501234112/sme-banks-loans-help-more-than-2000-businesses/

SME Bank loans top $410M, help over 3K businesses

The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has disbursed some $418 million in loans to at least 3,185 small- and medium-sized enterprises (SME) since its foundation, as of October 31, to keep them from going under during the height of ...

May Kunmakara
https://www.phnompenhpost.com/business/sme-bank-loans-top-410m-help-over-3k-businesses

SME Co-Financing Scheme II nearly runs out of budget

Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has released nearly $234 million to 1,981 small and medium enterprises (SMEs) in various sectors across the country through SME Co-Financing Scheme II (SCFS II) from mid-August last year to July this year, according to ...

Kang Sothear
https://www.khmertimeskh.com/501132349/sme-co-financing-scheme-ii-nearly-runs-out-of-budget/

Gov’t allocates $100M to prop up SMEs

The Ministry of Economy and Finance on February 14 allocated $100 million to two state-owned banks to provide additional support to small- and medium-sized enterprises (SME), and the agriculture and agro-industry sectors.   ...

Nov Sivutha
https://www.phnompenhpost.com/business/govt-allocates-100m-prop-smes

SME Bank mulls unsecured loans for SMEs

The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) plans to waive collateral requirements for new loans to qualifying local small- and medium-sized enterprises (SME) soon, to reduce the barriers and obstacles that limit their access to the necessary cash to fund ...

Hom Phanet
https://www.phnompenhpost.com/business/sme-bank-mulls-unsecured-loans-smes

ADB okays $40M loan for finance

The Asian Development Bank (ADB), in an effort to support the government, has approved a $40 million policy-based loan to expand access to credit among micro-, small-, and medium-sized enterprises (MSME) and implement reforms to boost financial stability and upgrade financial sector infrastructure amid the ...

May Kunmakara
https://www.phnompenhpost.com/business/adb-okays-40m-loan-finance

SME fund fully subscribed

A $100 million small and medium enterprise co-financing scheme (SCFS) fund was fully subscribed by mid-October 2020, according to a senior executive of SME Bank of Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50803513/sme-fund-fully-subscribed/

SME Bank of Cambodia open for business

The Small and Medium Enterprise (SME) Bank of Cambodia will commence banking operations today. The bank has a mission to provide financing and commercial banking services in an effective and sustainable manner to support local small and medium enterprises with an objective to increase economic ...

Sok Chan
https://www.khmertimeskh.com/50780008/sme-bank-of-cambodia-open-for-business/

Millions of dollars of loans dished out

A senior official from the SME Bank of Cambodia said   it has approved around $22 million in loans under the SME Co-Financing Scheme for 175 clients as of Tuesday. ...

Sok Chan
https://www.khmertimeskh.com/50750368/millions-of-dollars-of-loans-dished-out/

$2.3 million approved by SME Bank

The SME Co-Financing Scheme (SCFS) has received 13 applications with a total loan approval value of $2.338 million as of June 11, a senior executive officer of the SME Bank of Cambodia told Khmer Times. ...

Sok Chan
http://khmertimeskh.com/50734391/2-3-million-approved-by-sme-bank/

ARDB farm loans now total $31M

Farm loan applications to the state-owned Agricultural and Rural Development Bank (ARDB) reached $31 million on Friday. ARDB director-general Kao Thach said applications for government loans have been growing rapidly since the government officially launched a $50 million fund in March. ...

Thou Vireak
https://www.phnompenhpost.com/business/ardb-farm-loans-now-total-31m

SME competition set for July

The private sector plans to launch the first small and medium-sized enterprise (SME) competition in Cambodia to promote the SME sector and seek financial loan support for business expansion. ...

Thou Vireak
https://www.phnompenhpost.com/business/sme-competition-set-july

SME Bank expected to help boost local production

The State-run SME (Small and Medium Enterprise) Bank is expected to help lift local productions, supplying domestic demands, officials and key insiders said. ...

Khmer Times Staff
https://www.khmertimeskh.com/50721318/sme-bank-expected-to-help-boost-local-production/

SME Bank ‘must relax its criteria for loans’

THE President of the Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) Te Taingpor has requested the SME Bank of Cambodia and participating financial institutions to extend the payment period of the SME Co-Financing Scheme from four to six years and take ...

Sok Chan
https://www.khmertimeskh.com/50720985/sme-bank-must-relax-its-criteria-for-loans/

Agriprocessors urged to take out loans and expand work

The state-run Agricultural and Rural Development Bank (ARDB) has called for small and medium enterprises (SMEs) to expand their agriculture-based processing productions and apply for low-interest rate emergency loans. ...

Chea Vannak
https://www.khmertimeskh.com/50720250/agriprocessors-urged-to-take-out-loans-and-expand-work/

No loans from $100 million financing scheme

The government’s new $100 million Small and Medium Enterprise Co-Financing Scheme has yet to approve any applications, receiving only some ínquiries pending approval, according to a bank representative. ...

Sok Chan
https://www.khmertimeskh.com/50719826/no-loans-from-100-million-financing-scheme/

SMEs urged to register with the new specialised bank

The president of the Federation of Association of Small and Medium Enterprises of Cambodia (Fasmec) is urging small and medium-sized enterprises (SMEs) to register with the association to get benefits from the newly formed SMEs Bank of Cambodia. ...

Sorn Sarath
https://www.khmertimeskh.com/50717402/smes-urged-to-register-with-the-new-specialised-bank/

New SME bank welcomed but potential users may await the end of pandemic

Small and medium enterprises (SMEs) are expected to apply for a loan from the newly formed SME Bank of Cambodia to expand their production lines but first, they want to see the end of COVID-19, according to the vice-president of Cambodia Chamber of Commerce. ...

Khmer Times Staff
https://www.khmertimeskh.com/50710318/new-sme-bank-welcomed-but-potential-users-may-await-the-end-of-pandemic/

SME Bank officially launched

Small and Medium Enterprise Bank of Cambodia (SME Bank), the Kingdom’s newest bank with initial capital of $100 million to provide financing for small and medium-sized enterprises (SMEs), was officially launched on Saturday. ...

Thou Vireak
https://www.phnompenhpost.com/business/sme-bank-officially-launched

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