News – SME Bank of Cambodia Plc.

16Dec

SME Bank and BanhJi Fin-tech Signed Memorandum of Understanding to Cooperatively Promote and Develop SMEs in Cambodia

Link: https://smebankcambodia.com.kh/2021/12/16/strongsme-bank-and-banhji-fin-tech/[endlink] Phnom Penh, 16th December, 2021 – To continue to actively contribute to the economic recovery during the Covid-19 epidemic and, in particular, to support the sustainable and workable ecosystems for entrepreneurs, start-ups, and SMEs in Cambodia, SME Bank of Cambodia has partnered with BanhJi Fin-tech to mutually commit to promote and develop SMEs and to amplify the impacts within Cambodian business community. Under this cooperation, SME Bank and BanhJi Fin-tech are committed in the purpose of improving financial inclusion, SME Bank and BanhJi shall work together to develop new digital products and/or financial products and/or processes for existing and new clients that in line with SME Bank’s strategic directions. This includes (but not limited to) the development of digital financing platform and program for the SME Bank’s targeted business sectors. Mr. Lim Aun, Chief Executive Officer of SME Bank, stated that “SME Bank has been providing attractive financial services including low interest rate and favorable terms that facilitates SME customers in accessing loans. In the future, SME Bank plans to develop a wider distribution network for potential customers and to facilitate the Bank’s financial transactions. The Bank will invest more in opening new branches and strengthening the technology infrastructure, as well as to partner with other institutions in order to better serve SME customers in Cambodia.” Mr Chankiriroth SIM, Founder and Chief Executive Officer of BanhJi said, “We are thrilled to partner with SME Bank. Powering MSMEs’ financial inclusion is our mission and this work is steeped in collaboration between financial institutions and […]

03Dec

Total Budget of SME Co-financing Scheme II Increased to USD 140 million

Link: https://smebankcambodia.com.kh/2021/12/03/increased-to-usd-140-million/[endlink] Due to excessive credit demand from Small and Medium Enterprises (SMEs) and to align with economic recovery plan initiated by Royal Government of Cambodia, SME Bank of Cambodia alongside Participated Financial Institution (PFIs) have decided to provision an additional budget of USD 40 million for SME Co-financing Scheme II (SCFS II), which adds up to USD 140 million. It should be noted that the Royal Government of Cambodia, through the SME Bank has launched the SCFS II since August 16, 2021 in collaboration with 28 Participated Financial Institutions (PFIs) to support SMEs in Cambodia. As of 30th November, we have been offering financial support to 790 SMEs accounting for USD 99.8 million in loan amount, almost reaching 100% of our initial reserved fund of USD 100 million. Therefore, SMEs are encouraged to approach any PFIs for loan application under SCFS II, if needed. For more information, please reach out to us at: Office address: No 30, St. Pasteur (51) corner St. Prey Nokor (126), Sangkat Phsar Thmei Ti Muoy, Khan Doun Penh, Phnom Penh, Cambodia. Hotline: 096 811 1118 Email: info@smebankcambodia.com.kh Website: www.smebankcambodia.com.kh Online request: https://forms.office.com/r/sABjYrVXe7

30Sep

SME Bank and Khmer Enterprise Signed Memorandum of Understanding to Cooperatively Promote and Develop SMEs in Cambodia

Link: https://smebankcambodia.com.kh/2021/09/30/sme-bank-and-khmer-enterprise-signed-memorandum-of-understanding-to-cooperatively-promote-and-develop-smes-in-cambodia-2//[endlink] Phnom Penh, 27th September, 2021 – To continue to actively contribute to the economic recovery during the Covid-19 epidemic and, in particular, to support the sustainable and workable ecosystems for entrepreneurs, start-ups, and SMEs in Cambodia, SME Bank of Cambodia has partnered with Khmer Enterprise to mutually commit to promote and develop SMEs and to amplify the impacts within Cambodian business community. Under this cooperation, SME Bank of Cambodia and Khmer Enterprise are committed to jointly support SMEs through (1) Participation in any events that are organized for promoting and developing SMEs or entrepreneurship in Cambodia. (2) SME Bank will provide clean loan (without collateral) up to USD50,000 to SMEs of grade A & B which Khmer Enterprise refers to SME Bank of Cambodia. Collateral is required if the loan amount requested is larger than USD50,000. SME Bank has authority to approve/reject based on the qualifications of applicants. (3) SME Bank of Cambodia and Khmer Enterprise will work on promoting and enhancing access to finance for SMEs in Cambodia. (4) SME Bank of Cambodia and Khmer Enterprise will conduct co-branding activities to disseminate information on access to finance for SMEs in Cambodia. Mr. Lim Aun, Chief Executive Officer of SME Bank of Cambodia, stated that “SME Bank of Cambodia has been providing attractive financial services including low interest rate and favourable terms that facilitates SME customers in accessing loans. In the future, SME Bank of Cambodia plans to develop a wider distribution network for potential customers and to facilitate the Bank’s financial transactions. […]

30Sep

SME Bank and FASMEC Signed MOU to Cooperatively Promote and Develop SMEs in Cambodia

Link:https://smebankcambodia.com.kh/2021/09/30/sme-bank-and-fasmec-signed-mou-to-cooperatively-promote-and-develop-smes-in-cambodia//[endlink] Phnom Penh, 23rd September, 2021 – To continue to actively contribute to the economic recovery during the Covid-19 epidemic and, in particular, to support the sustainable and workable ecosystems for SMEs in Cambodia, SME Bank of Cambodia has partnered with Federation of Associations for SMEs of Cambodia (FASMEC) to mutually commit to promote and develop SMEs and to amplify the impacts within Cambodian business community. Under this cooperation, SME Bank of Cambodia and FASMEC are committed to jointly support SMEs through (1) SME Bank of Cambodia will provide loans to SMEs that are members of FASMEC for the purposes of expanding or developing new businesses (2) SME Bank of Cambodia will participate in activities, trainings, workshops and gatherings organized for SMEs by FASMEC. Mr. Lim Aun, Chief Executive Officer of SME Bank of Cambodia, stated that “SME Bank of Cambodia has been providing attractive financial services including low interest rate and favourable terms that facilitates SME customers in accessing loans. In the future, SME Bank of Cambodia plans to develop a wider distribution network for potential customers and to facilitate the Bank’s financial transactions. The Bank will invest more in opening new branches and strengthening the technology infrastructure, as well as to partner with other institutions in order to better serve SME customers in Cambodia.” Mr. Lim Aun further added that “For instance, SME Bank of Cambodia has today signed a Memorandum of Understanding with FASMEC to mutually commit to promote entrepreneurship, especially through providing financial support to entrepreneurs, as well as SMEs that […]