On May 3rd, 2022 Cambodia Asia Bank and SME Bank of Cambodia signed a memorandum of understanding on SMEs Co-financing Program Phase II to provide loans to SMEs at Sofitel Phnom Penh Phokeethra. The event was attended by Mr. Mitra Dwaipayan, Chief Operations Officer of Cambodia Asia Bank, Mr. Lim Aun, Chief Executive Officer of SME Bank of Cambodia, and honorable guests from Credit Guarantee Corporation of Cambodia, Bankograph Pte. Ltd. from Singapore and Phillip Life Assurance.
During that occasion, Mr. Mitra Dwaipayan said “the Cooperation between Cambodia Asia Bank and SME Bank of Cambodia has provided the financial solution to help SMEs in Cambodia. Cambodia Asia Bank is ready to assist our customers to get loans under this scheme with flexible terms and low-interest rates. We strongly believe that this agreement will help SMEs and Cambodia's economy to grow sustainably.”
Mr. Niraj Gupta, Head of Digital Banking of Cambodia Asia Bank mentioned that “We are optimistic about this co-financing scheme. We have come up with communication strategies especially through social media and presses to reach the target customers specifically our businessowners that are trying to recover to their normal operations and looking for skilled employees to turn their businesses around through technology. We expect to have more customers getting to know the benefits of this co-financing scheme and be able to apply for a loan through Cambodia Asia Bank to support their cash flow needs to pass the post covid-19 recovery periods.”
Mr. Lim Aun, Chief Executive Officer of SME Bank said “SME Bank is proud to be in partnership with such a well-respected and reputable financial institution which operating in Cambodia for more than 30 years. This cooperation is very important to allow all SMEs in Cambodia to access favorable loans with low-interest rates. I sincerely hope that CAB Bank and SME Bank will work together to further intensify our support and develop SME sectors in Cambodia to share the common agenda of prosperity across the Country.
”Please be noted that through the SME Co-financing Scheme Phase-II, customers could request loans through Cambodia Asia Bank to support and expand their business with larger loan amount, low-interest rates, and flexible loan repayment tenure. For more info: 023 980 000.