Prasac, a leading micro-finance institution in Cambodia, had increased its registered capital from US$3.8 million to $20 million in preparation for its transformation into a commercial bank by 2014, the institution said yesterday. …
“The registration requirement of $37.5 million is a very small amount to become a bank.
“We don’t have any problem increasing our capital, as we have strong shareholders.”…
May Kunmakara, P. 9
http://www.phnompenhpost.com/index.php/2012071057311/Business/prasac-moves-towards-becoming-a-bank.html