In the purpose of filling the shortage of demand and supply of financial services in rural areas, to contribute to reducing poverty of the Cambodian People, the Agricultural and Rural Development Bank (ARDB) Was established in 1998 by sub-decree No. 01 អន.ក្រ.បក dated 21 January 1998 and was repealed by sub-decree No. 199 អន.ក្រ.បក dated 11 June 2014 on the ARDB .
The ARDB was established by the Royal Government of Cambodia. ARDB is an autonomous public enterprise authorized to process all banking operations and loan services to support the micro finance industry.
ARDB is under technical and financial guardian of the Ministry of Economy and Finance and is under the supervision of the National Bank of Cambodia.
What does ARDB do?
The ARDB’s main objective is to service and refinance loans to licensed financial institutions, commercial banks, specialized banks, micro-finance institutions, associations, development communities, and small and medium enterprises (SMEs) that take part in rural development in Cambodia.
Loan : Short term, Medium term, Long term and Overdraft
Services : Saving Accounts, Fixed Deposits, Checking Accounts, Remittances, Inter-bank transactions.
Who are ARDB’s partners?
The ARDB’s activities are aimed at implementing micro-finance projects and strengthening training services for rural credit. For this purpose, it works in cooperation with national and international financial institutions, and associations in Cambodia and overseas.
- National Bank of Cambodia (NBC)
- Association of Banks in Cambodia (ABC)
- Hattha Kaksekar
- the Agence Française de Développement (AFD),
- the Asian Development Bank (ADB)
- the International Fund for Agricultural Development (IFAD),
- Non Government Organizations (NGOs)
- Association of Development Financing Institutions in Asia and Pacific (ADFIAP)
- the Asia-Pacific Rural and Agricultural Credit Association (APRACA)
- Bank for Agriculture and Agricultural Co-operatives (BAAC) of Thailand.
What are the interest rates?
Interest rates are adjusted according to market trends. For funds coming from donations or funds received from international financial institutions, interest rates are set according to the terms and conditions of the agreement between the donors or lenders and the ARDB or Royal Government of Cambodia.
ARDB also cooperates with MFIs to reduce the interest rates.
Trust ARDB for its:
- Funds Security
- Quick and High Quality Services
- Competitive Interest Rates