NBC warns against unlicensed deposit schemes

30 March 2018
The Phnom Penh Post
Banking and financial services / Micro-finance
National Bank of Cambodia (NBC)

The National Bank of Cambodia issued a letter on Wednesday clarifying that only seven microfinance institutions (MFIs) are licensed to accept deposits from the public. The notification came after the central bank noticed several “rural credit operators” – institutions smaller than a typical MFI that are often licensed to issue loans but not accept deposits – were advertising deposit services without permission from the bank. …

 Hor Kimsay
https://www.phnompenhpost.com/business/nbc-warns-against-unlicensed-deposit-schemes

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