News

The Bidding for Supplying Information Technology Equipment to SME Bank

Link: https://smebankcambodia.com.kh/2022/06/22/itbiddingen/[endlink] SME Bank would like to inform the companies / enterprises which properly registered in the Kingdom of Cambodia that SME Bank will open a public bidding to supply Information Technology Equipment to the bank. Therefore, all companies / enterprises are interested in the bidding, please contact directly to the SME Bank at the address: OCIC Street, Sangkat Chroy Chongva, Khan Chroy Chongva, Phnom Penh, Cambodia, from June 20, 2022 to August 19, 2022 onwards every working hour (Contact phone number: 092 209084 or 089 997246).

SME Bank and Agribee Cambodia Plc. Signed Memorandum of Understanding to Cooperatively Support the Growth of Agribusinesses in Cambodia

Link: https://smebankcambodia.com.kh/2022/04/11/agribeemoueng/[endlink] On 11th April 2022, Mr. Lim Aun, Chief Executive Officer of SME Bank of Cambodia, and Mr. Mak Chamroeun, Chairman of the Board of Directors of Agribee Cambodia Plc. signed a Memorandum of Understanding to support the growth of agribusinesses. This strong collaboration will enable all Agribee’s members to access favorable financing from SME Bank of Cambodia to advance their business operations expansion and development.

The Bidding for Providing Security and Sanitation Services to SME Bank

Link: https://smebankcambodia.com.kh/2022/03/30/securitybiddingeng/[endlink] SME Bank would like to inform the companies / enterprises which properly registered in the Kingdom of Cambodia that SME Bank will open a public bidding to provide security and sanitation services to the bank. Therefore, all companies / enterprises are interested in the bidding, please contact directly to the SME Bank at the address: Building 30, St. Pasteur (51) corner St. Prey Nokor (126), Sangkat Phsar Thmei Ti Muoy, Khan Doun Penh, Phnom Penh, from March 28, 2022 onwards every working hour (Contact phone number: 092 209084 or 089 997246.

The Bidding for the Supply of Fuel to SME Bank

Link: https://smebankcambodia.com.kh/2022/03/30/fuelbiddingeng/[endlink] SME Bank would like to inform the companies / enterprises which properly registered in the Kingdom of Cambodia that SME Bank will open a public bidding to supply fuel to the bank. Therefore, all companies / enterprises are interested in the bidding, please contact directly to the SME Bank at the address: Building 30, St. Pasteur (51) corner St. Prey Nokor (126), Sangkat Phsar Thmei Ti Muoy, Khan Doun Penh, Phnom Penh, from March 28, 2022 onwards every working hour (Contact phone number: 092 209084 or 089 997246.

The Total Budget of SME Co-financing Scheme II Increased to USD 240 million

Link: https://smebankcambodia.com.kh/2022/02/25/scfsii/[endlink] On February 14th, 2022, the Royal Government through the Ministry of Economy and Finance has officially provisioned the budget of USD 100 million to promote a strategic framework and programs to rehabilitate and promote economic growth in line with Covid-19, along the new normal trajectory, which aims to revitalize and strengthen the economy. At the same time, a budget of USD 50 million has been provided to the SME Bank of Cambodia in order to support SMEs, which is the important sector to support Cambodia’s economic growth and job creation. It also plays the important role in increasing the resilience of the national economy to the COVID-19 pandemic. Mr. Lim Aun, Chief Executive Officer of SME Bank of Cambodia said “the SME Bank has been implementing two SME Co-financing Scheme (SCFS I & II) already. The SCFS I has a total budget of USD 100 million (USD 50 million from SME Bank and other USD 50 million from PFIs), which was launched in April 2020 and completed in October 2020 and this budget was provided to 753 enterprises. In addition, the SCFS II has been launching in August 2021 with a total budget of USD 140 million (USD 70 million from SME Bank and other USD 70 million from PFIs). As of February 14th, 2022 the SCFS II has provided to 1,101 enterprises with a total budget of USD 136 million. Based on the excellent results from the implementation of SCFS II and the objective to continue to provide financial support to the […]

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 […]

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

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. […]

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 […]

SME C0-Financing Scheme Phase II Press Release

Link: https://smebankcambodia.com.kh/wp-content/uploads/2021/08/Press-Release-Eng-Version.pdf