Phnom Penh (FN), Dec. 20 – Cambodian Prime Minister Hun Manet encouraged all banks to examine the possibility of broadening their services for citizens and increase loans for small and medium enterprises (SMEs) to alleviate financial pressures and stabilise Cambodia's economic activity.

The premier spoke on Wednesday (Dec. 20) during an official inauguration of Wing Bank headquarters.

“All banks should examine the possibility of broadening their services to improve the financial inclusiveness in Cambodia to contribute to reducing poverty, reducing economic inequality, and promoting sustainable economic growth,” the premier underscored.

Samdech Thipadei continued, “I would like to encourage Wing Bank and other local banks to consider providing more loans to small and medium enterprises (SMEs) to alleviate financial pressures and stabilise Cambodia's economic activity.”

On the occasion, Samdech Thipadei also encouraged all banks to expand loan and increase the loan portfolio to the agricultural sector. In particular, the coordination mechanism and financing program aimed at boosting production, marketing and maintaining the balance of prices of key agricultural products at a reasonable level.
=FRESH NEWS