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Finance

Kim Hongju

Woori Cambodia ready for the transition to a commercial bank

Woori Bank (Cambodia) Plc has launched after receiving full approval from the regulator and converting from WB Finance. The bank has stated a strong emphasis on staff training, implementing corporate products, and improving infrastructure.
National Bank of Cambodia.

New provisions for restructured loans in 2022

The National Bank of Cambodia will continue allowing financial institutions to restructure loans until June 30 this year - but will now classify them as non-performing after multiple restructures.  
CBC to improve responsible lending

CBC launches new combined financial credit check

Credit Bureau Cambodia (CBC) has launched a new product to assist both borrowers and lenders gain a better picture of consumers' financial health - combining two commonly requested metrics into one. 
CBC to improve responsible lending

CBC to improve responsible lending by expanding coverage of its reporting institutions

Credit Bureau Cambodia (CBC) has announced commitment of $1 million in support of the National Financial Inclusion Strategy to promote and strengthen financial inclusion over the next five years in Cambodia.
Grant Thornton Cambodia

Grant Thornton Cambodia continues to ‘Go Beyond’ after celebrating 10 years of operation

Grant Thornton Cambodia - one of Cambodia’s leading professional audit, outsourcing, tax, advisory and assurance services and - has celebrated 10 years of operation launching its new global strategic strategy ‘Go Beyond’.
Cambodia microfinance association

Cambodia microfinance association welcomes ban on new deposit-taking institutions

Cambodia Microfinance Association (CMA) have stated the six licensed deposit-taking microfinance institutions operating in Cambodia are enough to properly service the market.

Growing demand for piped water increases PPWSA to $11.6M in H1 net profit

The municipal water utility - Phnom Penh Water Supply Authority (CSX:PWSA) - has announced a 6.82% increase in first-half revenue to $39.48 million. Net profit amounted to $11.6 million a 12.16% rise compared to the same six-month period last year.

PRASAC rebounds as profits rise 82% after concerns of a ‘technical default’ last year

PRASAC Microfinance Institution Plc - the largest microfinance provider in Cambodia – has posted $68.47 million in half-yearly net profit equivalent to 82.55% compared to the same period last year. The rebound occurred after concerns over a $800 million “technical default” last year.
Acleda Bank

ACLEDA Bank continues to post record gains earning $81M in half-yearly net profit

ACLEDA Bank Plc, the only bank trading equities on the Cambodia Securities Exchange (CSX) posted a record first half-yearly profit of $81 million, an increase of 22% compared to the same six-month period last year. The bank stated the increase was mainly due to an increase in net interest income of 11% more than last quarter, according to the company’s interim financial report.

SBI Royal approved as a ‘market marker’ for engineering firm DBD Engineering Plc after...

Brokerage house SBI Royal Securities has received in-principal approval from Cambodia Securities Exchange (CSX) to be the Liquidity Provider (LP) for the common stocks for the mechanical, electrical, and plumbing engineering firm DBD Engineering Plc after its IPO next month.