Bank of East Asia partners LOLC to take majority in Cambodian micro lender

Bank of East Asia partners LOLC to take majority in Cambodian micro lender

Photo from PRASAC Microfinance's website.

LOLC International Private Limited, a wholly-owned subsidiary of Lanka ORIX Leasing Company, and Hong Kong-based Bank of East Asia (BEA), have acquired a majority stake in Cambodia’s PRASAC Microfinance Institution from a group of its previous backers, including Vietnam-based fund manager Dragon Capital.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter