SME Bank and ARDB disburse $63M in loans

State-owned financial institutions Small and Medium Enterprise Bank of Cambodia (SME Bank) and Agricultural and Rural Development Bank of Cambodia (ARDB) have disbursed $63.44 million in loans to small and medium-sized enterprises (SMEs) as of Tuesday.

SME Bank CEO Dexter Tan Beng Kong told a press conference held at the Council of Ministers on Thursday that microfinance institutions (MFIs) participating in the SME Co-Financing Scheme 2020 (SCFS) had received 175 loan applications for $21.44 million.

SME Bank has approved 168 of the applications for $19.75 million, he said.

In full: https://www.phnompenhpost.com/business/sme-bank-and-ardb-disburse-63m-loans

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