Bank trims rate to coax millers

27 September 2016
The Phnom Penh Post
Banking and financial services / Rice
loans / paddy rice / Rural Development Bank (RDB)

The state-owned bank entrusted with extending $27 million in emergency loans to millers to purchase rice paddy has marginally lowered the interest rate on these conditional loans in an effort to shorten some of the strings attached. The Rural Development Bank (RDB) announced late on Sunday that it would lower the annual interest rate on loans to rice millers to 7 percent, from 8 percent. …

 Hor Kimsay
http://www.phnompenhpost.com/business/bank-trims-rate-coax-millers

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