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ABA s Igor Zimarev on bridging gap with unbanked population
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NBC asks banks, MFIs to delay dividend payouts
Sun, 21 February 2021
The National Bank of Cambodia (NBC) called for all banks and microfinance institutions (MFI) to postpone dividend payouts to shareholders for 2020 in a move to safeguard the growth, stability and certainty of the sector against economic disruptions caused by the Covid-19 pandemic.
In an announcement addressed to the heads of Cambodia’s financial institutions and seen by The Post on February 19, the NBC suggested that they “suspend dividend payouts from profit after audit and prepare an appropriate ‘exit strategy’ for when the various [relief] measures come to an end”.