• Locations
  • Desks
  • Awards
  • Careers
  • Solutions
  • Teams
  • Insights
  • Our Firm
  • Locations
  • Desks
  • Awards
  • Careers
© Copyright DFDL 2023. All Rights Reserved.
  • Privacy Policy
  • Solutions
  • Locations
  • Teams
  • Insights
  • Our Firm
  • Search
  • Contact Us
  • Back
Legal and Tax Updates

Cambodia: NBC Ceases to Issue New Microfinance Deposit-Taking Institutions License

Jan 13 2022
Written by Nearirath Sreng

On 6 December 2021, the NBC issued a Notification No. B7-021-2083 on Cessation of Granting New Microfinance Deposit-Taking Institutions License. The NBC decided to cease granting of new license for microfinance deposit-taking institutions in order to further strengthen banks and financial institutions’ capacity, inspection, financial stability and contribution to national economic development.

However, the NBC would like to encourage all investors to invest in banks and financial institutions that are currently doing business and encourage the merger of existing banks and financial institutions for the purposes of improving the quality, efficiency and affordability of financial services for companies, enterprises and the public.

Should you require any legal support in the above matters, please contact our team at cambodia@dfdl.com.

The information provided here is for information purposes only and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.

Nearirath Sreng
Senior Consultant
Cambodia
Nearirath is Co-Head of Banking & Finance Practice at DFDL’s Phnom Penh office.
View Profile

Related Articles

Legal and Tax Updates
Sep 12 2023
Davy Kong

Cambodia: Adopts the 2023 Environmental and Natural Resources Code

Legal and Tax Updates
Sep 8 2023
Raksa Chan

Cambodia: 2024 Foreign Employee Quota Application Window Now Open

Legal and Tax Updates
Sep 1 2023
Clint O'Connell

Cambodia Tax Alert: Announcement on VAT Refund Deadline and Procedures

Legal and Tax Updates
Aug 23 2023
David Fruitman

Cambodia: Adopts Implementing Regulations for Obtaining Merger Clearance

We provide practical and creative legal solutions
and insights to complex business challenges.

Sign up for our Newsletter
  • Solutions
  • Teams
  • Insights
  • Locations
  • Desks
  • Networks
© Copyright DFDL 2023. All Rights Reserved.
  • Privacy Policy