News

SME fund fully subscribed

A $100 million small and medium enterprise co-financing scheme (SCFS) fund was fully subscribed by mid-October 2020, according to a senior executive of SME Bank of Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50803513/sme-fund-fully-subscribed/

SME Bank of Cambodia open for business

The Small and Medium Enterprise (SME) Bank of Cambodia will commence banking operations today. The bank has a mission to provide financing and commercial banking services in an effective and sustainable manner to support local small and medium enterprises with an objective to increase economic ...

Sok Chan
https://www.khmertimeskh.com/50780008/sme-bank-of-cambodia-open-for-business/

Millions of dollars of loans dished out

A senior official from the SME Bank of Cambodia said   it has approved around $22 million in loans under the SME Co-Financing Scheme for 175 clients as of Tuesday. ...

Sok Chan
https://www.khmertimeskh.com/50750368/millions-of-dollars-of-loans-dished-out/

$2.3 million approved by SME Bank

The SME Co-Financing Scheme (SCFS) has received 13 applications with a total loan approval value of $2.338 million as of June 11, a senior executive officer of the SME Bank of Cambodia told Khmer Times. ...

Sok Chan
http://khmertimeskh.com/50734391/2-3-million-approved-by-sme-bank/

ARDB farm loans now total $31M

Farm loan applications to the state-owned Agricultural and Rural Development Bank (ARDB) reached $31 million on Friday. ARDB director-general Kao Thach said applications for government loans have been growing rapidly since the government officially launched a $50 million fund in March. ...

Thou Vireak
https://www.phnompenhpost.com/business/ardb-farm-loans-now-total-31m

SME competition set for July

The private sector plans to launch the first small and medium-sized enterprise (SME) competition in Cambodia to promote the SME sector and seek financial loan support for business expansion. ...

Thou Vireak
https://www.phnompenhpost.com/business/sme-competition-set-july

SME Bank expected to help boost local production

The State-run SME (Small and Medium Enterprise) Bank is expected to help lift local productions, supplying domestic demands, officials and key insiders said. ...

Khmer Times Staff
https://www.khmertimeskh.com/50721318/sme-bank-expected-to-help-boost-local-production/

SME Bank ‘must relax its criteria for loans’

THE President of the Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) Te Taingpor has requested the SME Bank of Cambodia and participating financial institutions to extend the payment period of the SME Co-Financing Scheme from four to six years and take ...

Sok Chan
https://www.khmertimeskh.com/50720985/sme-bank-must-relax-its-criteria-for-loans/

Agriprocessors urged to take out loans and expand work

The state-run Agricultural and Rural Development Bank (ARDB) has called for small and medium enterprises (SMEs) to expand their agriculture-based processing productions and apply for low-interest rate emergency loans. ...

Chea Vannak
https://www.khmertimeskh.com/50720250/agriprocessors-urged-to-take-out-loans-and-expand-work/

No loans from $100 million financing scheme

The government’s new $100 million Small and Medium Enterprise Co-Financing Scheme has yet to approve any applications, receiving only some ínquiries pending approval, according to a bank representative. ...

Sok Chan
https://www.khmertimeskh.com/50719826/no-loans-from-100-million-financing-scheme/

SMEs urged to register with the new specialised bank

The president of the Federation of Association of Small and Medium Enterprises of Cambodia (Fasmec) is urging small and medium-sized enterprises (SMEs) to register with the association to get benefits from the newly formed SMEs Bank of Cambodia. ...

Sorn Sarath
https://www.khmertimeskh.com/50717402/smes-urged-to-register-with-the-new-specialised-bank/

New SME bank welcomed but potential users may await the end of pandemic

Small and medium enterprises (SMEs) are expected to apply for a loan from the newly formed SME Bank of Cambodia to expand their production lines but first, they want to see the end of COVID-19, according to the vice-president of Cambodia Chamber of Commerce. ...

Khmer Times Staff
https://www.khmertimeskh.com/50710318/new-sme-bank-welcomed-but-potential-users-may-await-the-end-of-pandemic/

SME Bank officially launched

Small and Medium Enterprise Bank of Cambodia (SME Bank), the Kingdom’s newest bank with initial capital of $100 million to provide financing for small and medium-sized enterprises (SMEs), was officially launched on Saturday. ...

Thou Vireak
https://www.phnompenhpost.com/business/sme-bank-officially-launched

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