MFIs loan increased 5.46 percent Q3
Cambodian Microfinance Association (CMA) released its figures that during the third quarter of this year, Cambodia’s microfinance institutions (MFIs), which included 21 MFIs and small loans from ACLEDA Bank, increased 5.46 percent to 448.1 million, following a 2.7 percent drop in outstanding loans in the second quarter.
According to CMA’s data, non-performing loans (NPLs) declined 1.9 [...]
Mobile phone firm cooperated with commercial bank
Smart Mobile has cooperation with Cambodia’s leading commercial bank ACLEDA to offer credit top-ups at ATMs. The phone operator signed a deal with the bank in February.
Mobile service provider Smart Mobile (093/010) entered within the Cambodian telecoms market with a world-class team of telecommunications experts offering experience from across Cambodia and across the globe.
From today [...]
Central bank warned of the rise of bad loans
Given the global financial crisis affecting Cambodia’s economy such as garment industry, tourism sector, construction and real estate, but the Cambodia’s banking sector is still inevitably hit by the crisis. Therefore, it is a cause for increasing in non-performing loans because the commercial banks’ borrowers have hard time to pay back loans while their business [...]