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A new National Bank of Cambodia (NBC) report has confirmed that seven lenders held the majority of the Cambodian financial system’s total assets as of end-2022, which pundits argue is a perfectly reasonable number that is large enough not to significantly undermine development of the market.
A total of $25.15 million in loans have been disbursed to 189 tourism-related enterprises under the $150 million Tourism Recovery Co-Financing Scheme (TRCS) as of September 30 – most of which are in the restaurant business – representing just over one-sixth of the scheme’s funds
The lending rules and procedures of the recently-launched $150 million Tourism Recovery Co-Financing Scheme (TRCS) were officially established on July 1, in a move to boost recovery in the Covid-hammered industry, according to a tourism ministry letter issued on the same day.
The local Sathapana Bank Plc has received $10 million from OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, allowing the bank to expand its loan portfolio to small- and medium-sized enterprises (SME), and especially female entrepreneurs.