Prince Bank joins CGCC-led Business Recovery Guarantee Scheme to assist SMEs during Covid-19 pandemic phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
Canadia Bank Plc has become the first member of the Credit Guarantee Corporation of Cambodia’s (CGCC) Business Recovery Guarantee Scheme (BRGC), which aims to support business loans to enterprises of all sizes that are in need of funding for expansions or working capital.
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Financial sector taking more Covid relief steps
Mon, 24 May 2021
The financial sector retains a key role as the Kingdom and the world at large grapples with the spread of the novel coronavirus, disbursing critically-needed funds to keep businesses afloat.
While new daily infections continue to be detected in the Kingdom, the February 20 community transmission has been significantly reined in, as the government cautiously reopens the economy and expands vaccine rollouts to inoculate as much of the population as possible.
The government placed Phnom Penh and adjacent Takmao town in Kandal province under lockdown on April 15, in a move to break the chain of Covid-19 transmission from the latest outbreak. The lockdown was lifted three weeks later at the onset of May 6.