Prasac moves towards becoming a bank

Prasac, a leading micro-finance institution in Cambodia, had increased its registered capital from US$3.8 million to $20 million in preparation for its transformation into a commercial bank by 2014, the institution said yesterday. … “The registration requirement of $37.5 million is a very small amount to become a bank. “We don’t have any problem increasing our capital, as we have strong shareholders.”…

http://www.phnompenhpost.com/index.php/2012071057311/Business/prasac-moves-towards-becoming-a-bank.html