News
Banking shows steady growth
Cambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. According to the National Bank of Cambodia’s (NBC) annual supervisory ...
MFIs predict lower earnings
With the interest rate cap of 18 percent in full force for all new and restructured microfinance loans after the National Bank of Cambodia issued a populist measure to curb high interest rates, microfinance institutions are starting to give predictions for lower profits this year ...
Cambodia’s microfinance shakeup: in whose interest?
On the river island of Koh Srolav in southern Cambodia, everything changed for the 300 or so families inhabiting the small fishing village about ten years ago, when the sand dredging barges arrived. Operating in the dark of night, they have plundered the Tatai river with ...
MFIs seek regulator’s support
The apex body for the nation’s microfinance industry announced yesterday that the central bank had tentatively agreed to a number of measures it had requested to ease the burden on microfinance lenders following last week’s unilateral decision to cap annual interest rates at 18 percent ...
Banking top hiring sector, says Everjobs
For the second consecutive year the banking sector has been the top hiring industry in Cambodia spurred by increased demand for employees by a wave of new banks and microfinance institutions, according to an annual report released on February 2 by online career portal Everjobs Cambodia. ...
Lenders come out of the dark
More than a year into a government-backed campaign to clamp down on unlicensed lenders, nearly 130 small lenders operating under the radar have come into the fold, officials said on September 8. The Ministry of Economy and Finance and the National Bank of Cambodia launched a ...