Licences of 26 Credit Agencies Terminated

National Bank of Cambodia (NBC) has announced to terminate the licences granted to two rural credit agencies and allow 24 others to cease their operations at their request.

Though not mentioned in the NBC's announcement issued on Wednesday, the reason behind the licence termination is believed to be the violation of terms of agreement.

While the credit service in Cambodia is flourishing, the Royal Government of Cambodia is working hard to ensure it is operating within the legal framework and place the customers at the centre of their work.

Source: Agency Kampuchea Press