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, protect clients from over-interest rates from MFIs and promote the use of credit more effectively. The measure was set to come into effect on 01 April 2017.
National Bank of Cambodia
