Tag Archives: banking system

Reserve requirements

ON July 11, 2008, the price of a barrel of oil hit a record US$147.55, and most natural resource and food commodities were setting new highs and increasing inflation. In Cambodia there were stories of people switching from cars and … Continue reading

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Banking during economic decline

The World Bank and the International Monetary Fund released reports on the Cambodian banking sector that warned of potentially serious problems with liquidity and nonperforming loans. What is your reaction to those reports? Firstly, in terms of the banking sector, … Continue reading

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Central bank warns lenders over property

CAMBODIA’S central bank has warned that the property market downturn could increase nonperforming loans (NPLs). The National Bank of Cambodia (NBC) said its latest supervision report showed NPLs rising from US$58 million in June 2008 to almost $88 million by … Continue reading

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Microfinance lending down

MICROLENDERS reported slower loan growth in 2008 at the Banking Cambodia conference last week, adding that a stronger deposit base would put the sector on a solid footing for 2009. Hout Ieng Tong, chairman of the Cambodia Microfinance Association, said … Continue reading

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Bank technology to take hit

LEADERS in the country’s IT industry expect that the global financial crisis will slow investment in Cambodia’s banking technology, but are optimistic the sector is well-positioned for an eventual recovery. “Had it not been for the world economic downturn, we … Continue reading

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Banking sector still stable

CAMBODIA’S banking is on a solid footing despite the economic crisis and reports of high risk, according to officials. The National Bank of Cambodia (NBC) and the Ministry of Economy and Finance said Wednesday that limited exposure to real estate, … Continue reading

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