Banks offer millions to millers

23 November 2011
The Phnom Penh Post
Agriculture and fishing / Banking and financial services / Crop products and commodities / Economy and commerce / Rice
Agriculture & Agri-business / ANZ Royal Bank / Canadia Bank / capital / loans / paddy exports / rice industry / Rice Millers / rice milling / Thaneakea Srov (Kampuchea)

Two Cambodian banks have set aside US$200 million for loans to bolster the Kingdom’s struggling rice-milling industry, officials said yesterday. The move comes as the Cambodian government has called on the private sector to boost loans to rice millers during the harvest season as a way to curb paddy exports to neighbouring countries. ANZ Royal Bank and Canadia Bank said yesterday they would prioritise lending to rice millers given the government presently lacks the funds necessary to subsidise the still-developing sector…

http://www.phnompenhpost.com/index.php/2011112352914/Business/banks-offer-millions-to-millers.html