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A microfinance customer in Cambodia holds a loan denominated in the local currency, the riel. Photononstop via AFP / Philippe Lissac

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Small is beautiful, and profitable, in Cambodia

by Peter Janssen March 17, 2017February 18, 2020

When the Kazakhstan investment bank Visor Capital bought Cambodia’s Advanced Bank Asia Limited (ABA Bank) in 2007 it was a one-branch operation owned by South Korean entrepreneurs in a cowboy economy. A decade later, ABA is Cambodia’s fifth largest commercial bank in terms of assets, boasting the country’s fastest growing loan portfolio through a network […]