News
Working capital loans form 54% of small business needs
Cambodians running small businesses are continuing to find the need for working capital as their most pressing need, as per data. As high as 54 percent of 1.89 million loans issued were for working capital, as per the first quarter report of the Small Business ...
Rachel David
https://www.khmertimeskh.com/501482273/working-capital-loans-form-54-of-small-business-needs/
CBC’s CEO talks digitalization, alternative data and financial health checks
Cambodia cemented itself as a regional leader in the finance sector when the nation signed a deal with Singapore in March to exchange consumer credit information. This marked the region’s first cross-border initiative between two countries’ credit bureaus. ...
Marissa Carruthers
https://kiripost.com/stories/cambodia-cbcs-ceo-talks-digitalization-alternative-data-and-financial-health-checks
Access to finance, rise of the riel and inflation, with CBC
Since its establishment in 2012, Credit Bureau Cambodia (CBC) has helped drive the nation’s economic growth while providing a transparent and responsible lending landscape. This in turn has helped increase investment and access to finance nationwide. ...
Marissa Carruthers
https://kiripost.com/stories/credit-bureau-cambodia-ceo-on-access-to-finance-rise-of-riel-inflation
42% of loans taken in capital; women outnumber men in provinces
As much as 42 percent of the loans disbursed by banks and commercial banks in Cambodia has been taken by residents living in its capital Phnom Penh while women borrowers outnumber men in most of the provinces. ...
Manoj Mathew
https://www.khmertimeskh.com/501266501/42-of-loans-taken-in-capital-women-outnumber-men-in-provinces/
Consumer credit applications up 5 percent in third quarter
The personal loan market improved significantly in the third quarter of 2022, according to the Consumer Credit Index of the Credit Bureau Cambodia (CBC). In the third quarter, the number of consumer credit applications increased marginally from the second quarter, according to the latest report. ...
Sok Sithika
https://www.khmertimeskh.com/501178749/consumer-credit-applications-up-5-percent-in-third-quarter/
Credit Bureau marks 10 years of service
The Credit Bureau of Cambodia (CBC) is celebrating a decade of providing the invaluable service of credit reporting in Cambodia, creating a financial system when giving out loans. ...
Prak Chan Thul
https://kiripost.com/stories/credit-bureau-marks-10-years-of-service
Consumer credit performance improving
Consumer credit performance is showing consistent improvement as both loan balances and the number of loan accounts issued are undergoing sustained positive growth, according to a report from the Credit Bureau Cambodia (CBC). ...
Sok Chan
https://www.khmertimeskh.com/50809008/consumer-credit-performance-improving/
CBC wins consumer credit reporting award
Independent financial information provider Credit Bureau (Cambodia) Co Ltd (CBC) scooped an award for “Excellence in Consumer Credit Reporting”, CBC said in a January 5 press release. UK-based “reputed international business magazine” Global Business Outlook (GBO) honoured the locally-owned CBC for its “exceptional performance” in Cambodia’s ...
May Kunmakara
https://www.phnompenhpost.com/business/cbc-wins-consumer-credit-reporting-award
CBC develops wide-ranging financial app
The Credit Bureau of Cambodia (CBC) has made available a new digital application that for the first time allows Cambodian citizens to check their credit score, view credit reports and receive credit monitoring alerts. ...
Harrison White
https://www.khmertimeskh.com/50787813/cbc-develops-wide-ranging-financial-app/
Loans in Kingdom soaring
Credit Bureau Cambodia (CBC) has reported that the total outstanding loans in the first quarter of the year reached about $28.4 billion, up to 26 percent compared with the same period last year. ...
Sok Chan
https://www.khmertimeskh.com/50722002/loans-in-kingdom-soaring/
Cambodia’s total mortgages near $3.5B
Mortgage loans in Cambodia continue to surge this year, according to Credit Bureau Cambodia (CBC). The credit body’s consumer report showed that outstanding mortgages hit $3.42 billion at the end of June. CBC’s data showed that loans have increased by 30 percent from the same ...
Hor Kimsay
https://www.khmertimeskh.com/50635423/cambodias-total-mortgages-near-3-5b/
CBC says growth of credit charging ahead
Credit Bureau Cambodia (CBC) yesterday released its report for the fourth quarter of 2017, which showed significant growth in applications for credit, particularly in the credit card and mortgage sectors. ...
Brendan O’Byrne
http://www.phnompenhpost.com/business/cbc-says-growth-credit-charging-ahead
Credit growth starts to cool off
New data released by Cambodia’s independent credit reporting agency indicate a significant slowdown in the rate of lending during the second quarter of the year, a sign that banking industry experts claim is due to a tightening of lending criteria and less demand from the ...
Kali Kotoski
http://www.phnompenhpost.com/business/credit-growth-starts-cool
New US partner to boost credit reporting
Cambodia’s credit bureau is looking to leverage the resources and experience of US-based Equifax, one of the three biggest American credit report agencies, to expand its credit analysis capabilities and introduce new products to the local market, its chief executive officer said yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/new-us-partner-boost-credit-reporting
A clearer picture for lenders
The double-digit growth of consumer lending in Cambodia has created a need for a comprehensive and centralised database of individual credit histories. The Post’s Cam McGrath sat down with Pascal Ly, CEO of the Credit Bureau Cambodia (CBC), to discuss the role of the Kingdom’s ...
Cam McGrath
http://www.phnompenhpost.com/business/clearer-picture-lenders
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/
The Credit Bureau Cambodia at the five-month mark
Almost five months after the launch of the Credit Bureau Cambodia (CBC), experts agree that it has given financial institutions valuable new access to information about creditworthiness of potential borrowers, improving efficiency and loan quality. At the same time, there are still a few rough ...
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