Cambodian lenders report 28 pct rise last year
PHNOM PENH, Jan. 24 (Xinhua) -- Cambodia's banking and finance industry saw a 28-percent increase in lending in 2015, according to the annual report of the National Bank of Cambodia (NBC), or Central Bank, released on Sunday.
The kingdom's 37 commercial banks, 11 specialized banks, and 49 microfinance institutions (MFIs) had lent a total of 15.14 billion U.S. dollars to customers last year, up 28 percent year-on-year, the report said, adding that the number of borrowers rose 14 percent to 2.5 million.
On the deposit side, the customer deposits at the banks and MFIs reached 12.68 billion U.S. dollars last year, up 18.9 percent year-on-year, it said, adding that the number of depositors increased 21.7 percent to 4 million.
According to the report, non-performing loan ratio, or bad loan, at the banking sector was nearly 3 percent last year, while the bad loan at the MFIs was around 1 percent.
"In sum, the banking and finance industry makes good progress, has good health and expands operations gradually to go with the extent of economic development," the report said.
In a speech at the opening ceremony of the NBC's annual meeting on Saturday, NBC's governor Chea Chanto said the progress clearly showed public confidence in the banking and finance sector.
"The banking and finance industry has played a core role in boosting sustainable economic development in Cambodia," he said.
2 comments:
just a footnote as FYI to all
china just called for the creation of digital currency to control money/capital from leaving their country.. sweden call for the complete BAN of cash [ a little resistance from some of their lawmakers, still ] , some financial personnel of big bank [ too big too fail bank ] of US , england and europe are also calling for the ban of cash...why ? because they fear people will pull their deposits out if they find out that these banks are insolvents [ recently italian banks ]... with ban on cash , and digital currency in use the bank can cut off people's access to their money anytime they want and they can always blame it on computer glitches.
i just read an interesting article..it lists all banks which are owned by the Rothschild family..if you don't know who they are--- do a google search for yourself and get educated... but one word described them well enough.. evil/-world domination through finance/banking.
guess what the national central bank of cambodia is on that list
[.Burundi: Bank of the Republic of Burundi
Cambodia: National Bank of Cambodia
Cameroon: Bank of Central African States
Canada: Bank of Canada – Banque du Canada..]
link :http://realitieswatch.com/complete-list-of-banks-ownedcontrolled-by-the-rothschild-family/
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