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Cambodia’s top Microfinance manager plans to become a commercial bank

Microfinance institutions have seen rapid growth over the last few years, and continue to form an important and expanding part of Cambodia’s emerging economy. Prasac, Cambodia’s biggest MFI when measured by outstanding loans, has grown to the point where it now plans to become a licensed commercial bank, which the Post reported last week. Post reporter May Kunmakara sat down with Prasac president and CEO Sim Senacheert to discuss the state of the Kingdom’s MFI industry.

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Microfinance institutions have seen rapid growth over the last few years, and continue to form an important and expanding part of Cambodia’s emerging economy.

Prasac, Cambodia’s biggest MFI when measured by outstanding loans, has grown to the point where it now plans to become a licensed commercial bank, which the Post reported last week.

c769120307 09Post reporter May Kunmakara sat down with Prasac president and CEO Sim Senacheert to discuss the state of the Kingdom’s MFI industry.

 

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Bank of Thailand warns of risks of cyber theft when using cryptocurrencies

The future looks promising for cryptocurrencies in Thailand after Siam Commercial Bank Pcl – Thailand’s oldest private bank- invested 17.85 billion baht ($525 Mln) to buy 51% of Thailand’s leading digital asset exchange, Bitkub Online Co.

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The Bank of Thailand stated that the central bank does not support the use of digital currencies for making payments, due to their high price volatility and the risks of cyber-theft.

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The Thai banking system remained resilient in Q3 2021 says BoT

The Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to serve an important role in assisting borrowers and accommodating loan demand to support economic recovery amidst uncertain COVID-19 situation, said Bank of Thailand latest press release.

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The Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to serve an important role in assisting borrowers and accommodating loan demand to support economic recovery amidst uncertain COVID-19 situation, said Bank of Thailand latest press release.

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