Economy and commerce
Banking and financial services
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)
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
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.
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)
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
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
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
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
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
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
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)
