Economy and commerce

Banking and financial services

Announcement: Normal operation of banking and microfinance services in the Kingdom of Cambodia

On 23 April 2021, the Association of Banks in Cambodia released an announcement on the normal operation of banking and microfinance services in the Kingdom of Cambodia. Some microfinances and banking agents in the lockdown areas are also in the operation of providing financial services ...

Association of Banks in Cambodia

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Announcement on the encouragement to use electronic services

On 20 April 2021, the National Bank of Cambodia released an announcement on the encouragement to use electronic services aims to take efforts to prevent the serious spreading of COVID-19 in the community through reducing the usage of banknotes. ...

National Bank of Cambodia

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Additional statement: An updated version of banking and financial institutions intervention measures for clients affected by COVID-19

On 12 April 2021, the Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA) issued an additional statement on the updated version of banking and financial institutions intervention measures to further support and favor clients who are affected by COVID-19. ...

Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA)

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Joint statement: Suspension on loan repayments and interest accrual to help Cambodian borrowers

On 06 April 2021, Cambodian Youth Network and civil society groups issued a joint statement requesting the Royal Government to directly introduce measures to all microfinance institutions (MFI) and banks to suspend all loan repayments and interest accrual for at least three months in order ...

Cambodian Youth Network

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Joint press statement: The Association of Banks in Cambodia (ABC), Cambodia Microfinance Association (CMA), Cambodian Association of Finance and Technology (CAFT)

On 08 December 2020, the Association of Banks in Cambodia (ABC), Cambodia Microfinance Association (CMA), and Cambodian Association of Finance and Technology (CAFT) issued a joint press statement stating their effort in fighting against the spread of Covid-19 in Cambodia with the Ministry of Health ...

Association of Banks in Cambodia (ABC), Cambodia Microfinance Association (CMA), and Cambodian Association of Finance and Technology (CAFT)

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Statement: Joint response to open letter on microfinance reports

On 16 July 2020, the Cambodian League for the Promotion and Defense of Human Rights (LICADHO), Sahmakum Teang Tnaut (STT), Cambodian Alliance of Trade Unions (CATU), and Center for Alliance of Labor and Human Rights (CENTRAL) issued a joint response declining request from the Cambodia ...

Cambodian League for the Promotion and Defense of Human Rights (LICADHO)

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Open letter to Cambodia League for Promotion and Defense of Human Rights, Cambodian Alliance of Trade Union, Center for Alliance of Labor and Human Rights and Sahmakum Teang Tnaut

On 15 July 2020, the Association of Banks in Cambodia and the Cambodia Microfinance issued an open letter to Cambodia League for Promotion and Defense of Human Rights, Cambodian Alliance of Trade Union, Center for Alliance of Labor and Human Rights and Sahmakum Teang Tnaut, ...

Association of Banks in Cambodia and the Cambodia Microfinance

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ACLEDA Bank: Statement to the public as well as to the​ Cambodian​ Alliance​ of​ Trade​ Union​ (CATU),​ Center​ for​ Alliance​ of​ Labor​ and​ Human​ Rights​ (CENTRAL),​ and​ Cambodian​ Leauge​ for​ the​ Promotion​ and​ Defense​ of​ Human​ Rights​ (LICADHO)

On 02 July 2020, the ACLEDA Bank Plc. issued a statement to the public as well as to the​ Cambodian​ Alliance​ of​ Trade​ Union​ (CATU),​ Center​ for​ Alliance​ of​ Labor​ and​ Human​ Rights​ (CENTRAL),​ and​ Cambodian​ Leauge​ for​ the​ Promotion​ and​ Defense​ of​ Human​ Rights​ ...

ACLEDA Bank Plc.

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Statement on “Collateral Damage: Land Loss and Abuses in Cambodia's Microfinance Sector”

On 07 August 2019, Cambodian League for the Promotion and Defense of Human Rights (LICADHO) and Sahmakum Teang Tnaut (STT) released an statement examine human rights abuses in Cambodia’s microfinance sector. According to their joint report, more than 2 million Cambodians currently have a loan with ...

Cambodian League for the Promotion and Defense of Human Rights (LICADHO)

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Press release on the prohibition of taking identity card, family record, and residence record as guarantee for provision of credit

On 17 July 2018, the National Bank of Cambodia issued a press release on the prohibition of taking identity card, family record, and residence record as guarantee for provision of credit, following the directive No. B7-016-210 Sor. Chor. Nor, dated 11th March 2016. However, the ...

National Bank of Cambodia

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Notification on the establishment of the customer protection working group and the establishment of a telephone system for the public

On 22 August 2017, the Cambodian Microfinance Association issued a statement confirming the establishment of the consumer protection working group, declaring five hotlines for the public who have questions or problems with the use of the association’s financial services. The five hotline numbers are: 069 77777 ...

Cambodian Microfinance Association

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Press release on the strengthening customer protection of the National Bank of Cambodia

On 18 August 2017, the National Bank of Cambodia issued a press release to strengthen customer protection as follows:Fines 400 million Riel (US $ 100,000) to microfinance institutions (MFIs) that do not comply with the laws and regulations, especially the Prakas on transparency in the ...

National Bank of Cambodia

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Notification to all local microfinance institutions

On 24 July 2017, the Cambodia Microfinance Association (CMA) issued an announcement to inform all microfinance institutions and the public that:Cambodian Microfinance Association promotes the implementation of their Code of Conduct.All MFIs cannot accept identification cards, family books or residential books as collateral for loans.All ...

Cambodian Microfinance Association

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Notification on the temporary suspension of the implementation of VAT on nontaxable supplies

On 06 July 2017, the General Department of Taxation has issued a notice to all financial institutions operating in the Kingdom of Cambodia to be aware that the implementation of a May 25 prakas that more clearly defines the government’s laws for nontaxable supplies concerning ...

General Department of Taxation

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Press release on the setting of interest rate cap

On 13 March 2017, the National Bank of Cambodia (NBC) issued a press release on the setting of interest rate cap of 18 percent per annum for microfinance institutions, deposit-taking MFIs and licensed rural credit institutions to help the poor, curb over-indebtedness and reduce poverty, ...

National Bank of Cambodia

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Joint statement between Ministry of Economy and Finance and National Bank of Cambodia

As a result of the meeting dated on 27 January 2015, the Ministry of Economy and Finance and the National Bank of Cambodia condemn some humanitarian non-governmental organizations and associations that are lending money to people without licenses and registration at the bank, and ordered ...

Ministry of Economy and Finance and National Bank of Cambodia

Cambodia's small firms to gain better access to bank financing

The Asian Development Bank (ADB) today signed a $75 million senior loan with Cambodia’s largest bank, ACLEDA Bank Plc, to address the rising financing requirements of micro-, small-, and medium-sized enterprises (MSMEs) in the country. ...

Asian Development Bank (ADB)

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