Lending by Cambodia's banks rises 6% as deposits grow 10% in Q1: Central Bank

12 June 2014

Lending by Cambodia's commercial banks rose by 6% while deposits grew by 10% in the first quarter of this year.

The country's 34 commercial banks had lent a total of USD7.87 billion worth of loans to customers by the end of March this year, up 6% from USD7.4 billion at the end of last year. Meanwhile, the banks had received deposits equivalent to USD8.5 billion, up 10% from USD7.74 billion at the end of last year. Head of NBC's banking supervision department said the rate of non-performing loans, or bad loans, at the commercial banks was only 2.59% for the first quarter of this year.

The Southeast Asian nation has a population of about 14.8 million. Its banking sector has been serving approximately 1.6 million borrowers and 1.9 million depositors, according to NBC.

Source:

http://news.xinhuanet.com/english/world/2014-06/11/c_133397680.htm