News

Largest MFI Prasac gets loan boost for coffers

Cambodia’s largest microfinance institution, (MFI) Prasac, has received a $60.5 million loan to strengthen its capacity in offering broader financial services in the country. On Friday, Prasac signed the agreement for the syndicate loan – provided by more than one lender – with the Netherlands Development ...

http://www.phnompenhpost.com/2013070166577/Business/largest-mfi-prasac-gets-loan-boost-for-coffers.html

MFI survey claims debtor success

A survey by Cambodian microfinancers showed debtors were better off in several respects than those who didn’t borrow from the institutions, MFI officials claimed. Responding to recent concerns over the role of microfinance institutions in creating poverty and loss of property in the Kingdom, the Cambodia ...

http://www.phnompenhpost.com

Moody’s Downgrades Acleda, Cites Risk

Ratings agency Moody’s changed its outlook on Acleda Bank’s financial strength yesterday to “negative” from “stable” and downgraded its rating of the bank’s local currency deposits to Ba2 from Ba1. The rating downgrade was applied due to changes in shareholders at the bank over the ...

Major bank downgrade

Moody’s Investors Service announced yesterday  it had downgraded the credit rating of ACLEDA Bank, citing the departure of two of  the bank’s major investors in as many years. The loss of a second big sharehol-der in the first half of this year had led to ...

http://www.phnompenhpost.com/index.php/2011090251414/Business/major-bank-downgrade.html

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