NBC warns against shady deposit schemes
/ March 30, 2018
The National Bank of Cambodia (NBC) issued a letter on Wednesday, clarifying that only seven microfinance institutions are licensed to accept deposits from the public. The notification came after the central bank noticed several rural credit operators—institutions smaller than a typical microfinance institution that are licensed to issue loans but not accept deposits—were advertising deposit services without permission from the central bank. The seven microfinance institutions licensed to accept deposits are VisionFund, Prasac, Hatta Kaksekar Limitted, AMK, Kredit, Amret, and LOLC. (Source: Phnom Penh Post)
