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 extended loan to cathay around $79M

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.

Consumer credit applications fall 34% in the second quarter: CBC

Consumer credit applications have fallen by 34% in the second quarter of this year as loans 30 days past their due date hit 2.57% an increase of 18% quarter-on-quarter, according to the Credit Bureau Cambodia (CBC) Q2 Consumer Credit Index Report.

Condo developer JS Land Plc approved in-principle for the CSX Growth Board

Cambodia Securities Exchange (CSX) has formally announced an in-principal approval for the condominium developer JS Land Plc on the exchange's Growth Board. The approval is the second for the board launched in 2015, designed to assist SMEs raise capital.

Data security and KYC norms remain ‘important questions’ for future digital currency: NBC

National Bank of Cambodia’s Director-General Chea Serey has spoken with US finance news network CNBC about her signature ‘Bakong’ initiative saying how the project is assisting Cambodia’s unbanked and that security concerns remain an important question for Central Bank Digital Currency's (CBDC).

FinTech continues to develop as three million Wing Money users can now e-request their...

All Wing Money App users can now electronically request their credit reports from Credit Bureau Cambodia (CBC) to check their credit history necessary for loan requests at any financial institution. Previously, applicants would need to travel to CBC’s physical office and request the report.

COVID debt relief measures keep bad bank loans at 2.4% as outstanding loans hit...

The National Bank of Cambodia (NBC) has reported a Non-Performing Loan (NPL) ratio of 2.4% as of June this year. In addition, the central bank noted outstanding loans rose by 19% year-on-year to $33.9 billion and customers’ deposits increased by 20.8 percent to 32.7 billion over the same period.

Consultancy firm Redbridge Cambodia to assist regulator draft ‘best practice’ IT guidelines to ensure...

Financial consultancy firm Redbridge Cambodia has entered into a partnership with the Securities and Exchange Commission of Cambodia (SERC) to assist with implementing a more professional and more secure IT framework.