Economy and commerce
Banking and financial services
Despite downgrades, bankers report uptick
Despite the recent downgrading of two of Cambodia’s major banks by ratings agencies Moody’s and Standard & Poor’s, bankers said yesterday that profits are up, loan portfolios are growing at a fast tick and non-performing loans are shrinking. In Channy, president and CEO of Acleda Bank, ...
Credit bureau plans for early 2012 launch
The Kingdom’s first centralised credit bureau was on track to launch in February, officials said yesterday, although it had originally been slated to start by the end of this year. Credit Bureau Cambodia will collect and provide consumer and institutions’ financial information, which they can use ...
Insurers hit with few flood claims
The number of flood-related insurance claims has been fewer than expected despite the Kingdom’s worst flooding in a decade, industry insiders say. Although the floods, which began in late August, had affected large sections of the country, few claims had been made, Infinity Insurance chief executive ...
