WHILE most banks remain reluctant to provide real estate loans to customers amid the global financial downturn, a new microfinance institution set to launch June 8 says it will channel lending to house purchases and construction. “For the first time, home financing will be available to middle- and lower-income Cambodians,” Talmage Payne, CEO of newcomer [...]
Posts Tagged ‘loans’
New MFI to issue property loans
June 1st, 2009 
Cambodia Economy 
Posted in Real estate 
Tags: Commercial banks, Financial crisis, Financial loans, loans, microfinance, Property market, Real estate 
3 Comments »ACLEDA posts rise in loans, deposits in Laos
April 8th, 2009 Cambodia Economy ACLEDA Bank has posted healthy first-quarter figures for its operations in Laos, a bank representative said Tuesday, with the Cambodian-owned bank recording large increases in both deposits and loans, defying the financial crisis. Yin Virak, ACLEDA vice president and head of the bank’s International Department, said the bank’s loans had more than doubled from US$1.2 [...]
Posted in Banking System, Loan Tags: Acleda, banking system, Cambodian banks, Commercial banks, lender, loans No Comments »Central bank to loan US$ 100 million to commercial banks
April 1st, 2009 Cambodia Economy After break-out of the global financial crisis, the national bank of Cambodia (NBC) has set up an approximately US$ 100 million loan for commercial banks to make sure that they will have cash on hand if needed. The central bank is ready to be careful with this issue, keeping a close eye on the banking [...]
