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/depo ... it-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?
12M Term deposit account @ Prasac
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I would wait until after the elections before starting a one year deposit.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/depo ... it-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?
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- Posts: 16
- Joined: Wed May 16, 2018 3:52 pm
Makes sense but I don't believe that the upcoming national elections will have a big socio-economic impact.Kachang wrote:I would wait until after the elections before starting a one year deposit.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/depo ... it-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?
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?
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