On August 15th, 2022, ARDB and Cambodia Post Bank Plc. (CPBank) has signed the Subsidiary Loan Agreement under Cambodia Agricultural Sector Diversification Project (CASDP). This ceremony has been presided by H.E Dr. KAO Thach, Delegate of Royal Cambodia Government in charge as Chief Executive Officer of ARDB, and participated by Mr. Toch Chaochek, CEO of CPBank, representatives of the World Bank, Ministry of Economy and Finance, and Ministry of Agriculture, Forestry and Fisheries. Under this project, ARDB provides wholesale loans to CPBank who will provide sub-loans to target smallholder farmers, SMAEs, Agriculture Cooperatives, and producers except rice.
This project mainly aims to promote financial inclusion and support the agricultural diversification value chains in Phnom Penh and other 12 target provinces including Battambang, Mondulkiri, Stung Treng, Rattanakiri, Preah Vihear, Siem Reap, Tboung Kmum, Kratie, Kampong Cham, Kandal, Kampong Speu, and Kampong Chhnang.