Investment fell from $4.42 billion in mid-2008 to $1.22 billion for the same period this year, the Council for the Development of Cambodia reported. Officials say the economic downward shares the blame with an overall decrease in a large number of high-dollar projects in 2008. “But through mid-2009, there have been no such kind of [...]
Posts Tagged ‘global financial crisis’
Micro-Lenders Drop Rates, Seek Borrowers
August 12th, 2009 
Cambodia Economy Cambodia’s microfinance institutions are competing with each other with various strategies to extend growth, following a decline in their number of borrowers in the wake of the economic downturn. The Prasac Microfinance Institution has implemented three strategies over the past two months in order to bring in more borrowers, said Sim Senacheert, general manager of [...]
Posted in Banking System 
Tags: credit, financing, global financial crisis, lending loan, microfinance institutions 
No Comments »ACLEDA profits plunge
July 22nd, 2009 Cambodia Economy AN increase in the volume of loans not repaid on time and greater lending caution led to a 54 percent drop in second-quarter profits at ACLEDA Bank, President and CEO In Channy said Monday. Unaudited quarterly financial statements released by the bank last week showed profit after income tax dropped 54 percent to US$1.34 million [...]
