Floods to push up non-performing loans in 4th quarter
The worst floods in a decade may boost the number of nonperforming loans in the Kingdom’s microfinance industry in the fourth quarter, insiders said yesterday. However, those insiders said the damage done to Cambodia’s agriculture sector would not have a significant impact given the MFIs’ diversified portfolio of loans. The non-performing loan rate climbed just 0.14 per cent year-on-year between July and September to 1.24 per cent, according to the Cambodian Microfinance Association, even though seasonal flooding in the latter month has since destroyed crops and caused more than 200 deaths…
