Cambodian Banking and Microfinance Associations Implement New Rules to Enhance Consumer Protection

Source: Cambodia Investment Review

The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have jointly introduced new regulations aimed at bolstering responsible business practices within Cambodia’s banking and financial sectors. These measures are designed to ensure a robust, sustainable, and highly responsible financial environment, providing enhanced consumer protections and maintaining the stability of the sector.

According to a joint announcement by the two associations, the newly adopted rules are intended to address several critical areas of concern, particularly regarding the use of certain types of land as collateral for loans, the handling of personal identification documents, and the provision of credit to vulnerable households.