12M Term deposit account @ Prasac

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12M Term deposit account @ Prasac

Postby Angkor Wad » Sat May 19, 2018 4:21 pm

Hi there,

What are your experiences with depositing funds at Prasac (MFI) if any? Straightforward or bureaucratic? (Especially at maturity)
I just noticed that they're offering 8% on their 12M term deposit account.
I'm fully aware that a higher interest rate comes with a higher risk and that there's not such a thing as government deposit guarantee in the Kingdom.
https://www.prasac.com.kh/services/deposits/term-deposit-account

Who are Prasac's biggest creditors and debtors?
Are they mainly focussing on the Cambodian market only?
Any rumors doing the rounds?
EDIT: Not unimportant. Any idea about the institution's non-performing loan rate?
Angkor Wad
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Posts: 5
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Re: 12M Term deposit account @ Prasac

Postby Kachang » Sun May 20, 2018 10:56 am

Angkor Wad wrote:Hi there,

What are your experiences with depositing funds at Prasac (MFI) if any? Straightforward or bureaucratic? (Especially at maturity)
I just noticed that they're offering 8% on their 12M term deposit account.
I'm fully aware that a higher interest rate comes with a higher risk and that there's not such a thing as government deposit guarantee in the Kingdom.
https://www.prasac.com.kh/services/deposits/term-deposit-account

Who are Prasac's biggest creditors and debtors?
Are they mainly focussing on the Cambodian market only?
Any rumors doing the rounds?
EDIT: Not unimportant. Any idea about the institution's non-performing loan rate?


I would wait until after the elections before starting a one year deposit.
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Kachang
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Re: 12M Term deposit account @ Prasac

Postby Angkor Wad » Sun May 20, 2018 3:47 pm

Kachang wrote:
Angkor Wad wrote:Hi there,

What are your experiences with depositing funds at Prasac (MFI) if any? Straightforward or bureaucratic? (Especially at maturity)
I just noticed that they're offering 8% on their 12M term deposit account.
I'm fully aware that a higher interest rate comes with a higher risk and that there's not such a thing as government deposit guarantee in the Kingdom.
https://www.prasac.com.kh/services/deposits/term-deposit-account

Who are Prasac's biggest creditors and debtors?
Are they mainly focussing on the Cambodian market only?
Any rumors doing the rounds?
EDIT: Not unimportant. Any idea about the institution's non-performing loan rate?


I would wait until after the elections before starting a one year deposit.


Makes sense but I don't believe that the upcoming national elections will have a big socio-economic impact.

IMO the big changes started with the 2013 national elections resulting in a ruling party tightening its relations with China at ever-increasing speed.
The 2017 local elections only catalyzed the reaction; it's spectacular how many things have changed just over the past year.
Who will stand up and speak out with fear for his own life?
Angkor Wad
440 newbie - handle with care
 
Posts: 5
Joined: Wed May 16, 2018 3:52 pm


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