MFI summit to mark decade of growth

The National Bank of Cambodia is hosting the National Summit on the Development of the Microfinance Sector in Cambodia next month, marking a decade since the government announced that 2006 was the “Year of Microfinance.” ...

May Kunmakara
http://www.khmertimeskh.com/news/21836/mfi-summit-to-mark-decade-of-growth/

Mammoth year in kingdom’s microfinance sector

Cambodia’s microfinance sector experienced another year of explosive growth, with both lending and deposits surging over 40 per cent in 2015, according to new data by an industry association. ...

Cam McGrath and Cheng Sokhorng
http://www.phnompenhpost.com/business/mammoth-year-kingdoms-microfinance-sector

IFC provides $50m to Amret micro-lender

The International Finance Corporation (IFC) will provide a $50 million financing package to Amret Co to help the Cambodian microfinance institution increase lending to smaller businesses, particularly those in the agriculture sector and rural areas, it said in a press release. ...

Post Staff
http://www.phnompenhpost.com/business/ifc-provides-50m-amret-micro-lender

Banking on human resources

Acleda Bank, Cambodia’s largest bank, is morphing its existing training centre into a full-fledged educational institution, after obtaining a licence last month. The new institute will look to provide bachelor’s and master’s degrees in business administration, with majors in finance and banking. The Post’s Sorn ...

Sorn Sarath
http://www.phnompenhpost.com/business/banking-human-resources

Microfinance growth slows in final quarter

Growth in the country’s expanding microfinance sector slowed slight­ly in the last quarter of 2015, but both loans and deposits finished the year about 45 percent high­er than at the end of 2014, ac­cording to figures from the Cam­bodia Microfinance Association (CMA). ...

Kang Sothear
https://www.cambodiadaily.com/news/microfinance-growth-slows-in-final-quarter-107138/

Thai financial major Krungsri buys out Cambodian micro-lender HKL

Bank of Ayudhya Pcl (Krungsri), Thailand’s fifth largest financial group and a subsidiary of Japan’s leading financial group Mitsubishi UFJ Financial Group, has acquired a 100-per-cent stake of Hattha Kaksekar Limited (HKL), one of the leading microfinance institutions in Cambodia, for an undisclosed amount. ...

Chalida Ekvitthayavechnukul
http://www.dealstreetasia.com/stories/krungsri-acquires-cambodian-micro-financial-group-hkl-28704/

Give farmers a break: PM

Prime Minister Hun Sen yesterday called on banks and microfinance institutions (MFIs) to suspend loan repayments by borrowers affected by this year’s drought, or either make the loans interest free or cut the rates. ...

May Kunmakara
http://www.khmertimeskh.com/news/18453/give-farmers-a-break--pm/

Prince MFI opens in an expanding market

Prince Microfinance Plc held its official opening yesterday, becoming the 49th registered microlender to operate in Cambodia’s rapidly expanding microfinance market.Hon Sorachana, CEO of Prince Microfinance Plc, said the new financial institution will focus on providing a range of credit options to Cambodians and foreigners, ...

Kun Kourchettana
http://www.phnompenhpost.com/business/prince-mfi-opens-expanding-market

MFI seeks licence to operate as a commercial bank

Sathapana Ltd, the third-largest microfinance institution (MFI) in Cambodia, has submitted a formal application to the central bank to merge with a local Japanese-owned bank and operate the consolidated entity as a commercial bank, a company executive said yesterday. ...

Sor Chandara
http://www.phnompenhpost.com/business/mfi-seeks-licence-operate-commercial-bank

OPIC plans more investment in Cambodian MFIs

A US government finance institution plans to inject more capital into Cambodia’s businesses, forecasting rapid growth in small business and microfinance institutions around the country. The development finance institution Overseas Private Investment Corporation (OPIC) is looking to invest in Cambodia’s small and medium enterprises (SMEs) ...

Sok Chan
http://www.khmertimeskh.com/news/17866/opic-plans-more-investment-in-cambodian-mfis/

Major surge in micro lending, association says

Lending by microfinance institutions (MFIs) rose about 50 percent at an annualized rate during the first nine months of the year, according to the Cambodia Microfinance Association, which said the surge was sparked by economic stability and an increase in demand from clients wanting to ...

Sok Chan
http://www.khmertimeskh.com/news/17497/major-surge-in-micro-lending--association-says/

Islamic Microfinance could save farmers from high interest rates

As businesses and banks prepare for the 11th World Islamic Economic Forum in Malaysia on November 3, some Islamic microfinance businesses are considering bringing interest-free loans to Cambodia. ...

Jonathan Cox
http://www.khmertimeskh.com/news/15591/islamic-microfinance-could-save-farmers-from-high-interest-rates/

Commercial bank lending, deposits rising

Cambodia’s commercial banks lent $11.9 billion to customers in the first half of this year, a 33 percent increase from the amount lent during the same time last year, according to a National Bank of Cambodia (NBC) report released Tuesday. ...

Un Raksmey and Igor Kossov
http://www.khmertimeskh.com/news/14087/commercial-bank-lending--deposits-rising/

Credit bureau brings rural lenders into the fold

Five rural credit operators signed an agreement to join the Credit Bureau Cambodia on Thursday as the watchdog and the National Bank of Cambodia ramp up efforts to better monitor the country’s expansive, but largely informal, rural lending industry. ...

Kang Sothear and Tsz-kwan Ho
https://www.cambodiadaily.com/business/credit-bureau-brings-rural-lenders-into-the-fold-90227/

Microfinance loans up 47 percent in first 6 months

Cambodia’s microfinance sector is continuing to grow at a rapid pace, with loan disbursements in the first six months of this year increasing almost 50 percent on last year, according to an industry association. ...

Kang Sothear and Tsz-kwan Ho
https://www.cambodiadaily.com/business/microfinance-loans-up-47-percent-in-first-6-months-90039/

Warning for illegal MFIs

The governor of the National Bank of Cambodia hit out at unlicensed microfinance institutions or lenders, who he said were the reason why interest rates in the sector were high, despite interest rates falling among registered lenders. ...

May Kunmakara
http://www.phnompenhpost.com/business/warning-illegal-mfis

Thai banks offer joint loan to provider of microfinance in Cambodia

Three Thai banks – Siam Commercial Bank (SCB), TMB Bank (TMB) and Kiatnakin Bank (KKB) – together with Netherlands-based ING Bank have offered a syndicated loan of US$65 million (Bt2.2 billion) to PRASAC Microfinance Institution, the biggest microfinance provider in Cambodia. ...

Sucheera Pinijparakarn
http://www.nationmultimedia.com/business/Thai-banks-offer-joint-loan-to-provider-of-microfi-30263464.html

Stalled interbank market clogging up liquidity

At least $1 billion in surplus liquidity is sitting idle in Cambodia’s banking system and could be unlocked if the central bank implemented a more effective interbank lending mechanism, experts say. ...

Cam McGrath
http://www.khmertimeskh.com/news/12776/stalled-interbank-market-clogging-up-liquidity/

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