The number of loan restructuring applications has seen a steep drop over the last three months in an encouraging sign of Covid-19’s loosening grip on the Kingdom, the Cambodia Microfinance Association (CMA) said.
The National Bank of Cambodia (NBC) late in March issued a directive to all banks and financial institutions – including microfinance institutions (MFIs) – to restructure credit for loans in four priority sectors.
The move was a bid to maintain financial stability, support economic activity and ease the burden of debtors facing declining revenues during Covid-19.
