Loans and deposits climb

5 February 2013
The Phnom Penh Post
Banking and financial services / Economy and commerce
ACLEDA Bank / Amret Limited / Bun Mony / Cambodia Microfinance Association / CMA / credit bureau / domestic credit growth / IMF / International Monetary Fund / loans / Microfinance institutions / National Bank of Cambodia / NBC / Ngoun Sokha / PRASAC Microfinance Institution / Sathapana Ltd / Sim Senacheert / SME sector

Loans and deposits at Cambodia’s 32 micro-finance institutions and four NGOs, as well as small loans from Acleda Bank, rose sharply last year compared with a year earlier. Industry players say this is a result of the Kingdom’s rapid economic improvement and political stability. Official data from the Cambodia Microfinance Association (CMA) shows the value of loans outstanding rose about 38 per cent to $890 million in 2012, compared with $644.6 million in 2011. … In early January, the International Monetary Fund highlighted Cambodia’s high domestic credit growth, which the IMF considered a risk, but officials and industry insiders raised no concerns about it last week. …

http://www.phnompenhpost.com/2013020461166/Business/loans-and-deposits-climb.html