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Limitation of using credit card in Cambodia
Cambodia’s banking industry is gaining confidence from Cambodian people in the last decade. Most of people living in cities and big provinces stopped from keeping their money at home but they have started putting them at commercial banks. By the way, the limited number of people is using credit card in the nation. Most of … Continue reading
Lending remains flat at FTB Cambodia
THE FOREIGN Trade Bank of Cambodia saw a slight rise in its non-performing loans (NPL) in the first quarter of 2010, while lending was flat, according to official figures. The bank’s NPL rate – counted as loans the borrower has defaulted on for three months – rose to 6 percent from 5.56 percent in the … Continue reading
Bad Loans on the Rise, Central Bank Warns
Cambodia’s banking sector will not be able to avoid further consequences from the global economic downturn, with non-performing loans increasing, the National Bank’s director- told a workshop last week. “For us, the economic crisis affected garment export, tourism, construction and real estate,” said Director-General Tal Nay Im said at a workshop on the nation’s banking … Continue reading
New MFI to issue property loans
WHILE most banks remain reluctant to provide real estate loans to customers amid the global financial downturn, a new microfinance institution set to launch June 8 says it will channel lending to house purchases and construction. “For the first time, home financing will be available to middle- and lower-income Cambodians,” Talmage Payne, CEO of newcomer … Continue reading