Reserve rate doesn’t worry local banks
Bankers have raised no concerns over the National Bank of Cambodia’s increase to the reserve requirement rate in order to maintain the stabilization of cash flow and inflation during a time of global financial difficulty. The increase, from 12 to 12.5 per cent, issued late last month, was in line with the IMF’s revised world economic outlook from 3.3 per cent and 3.6 per cent in 2012 and 2013 respectively. … National Bank of Cambodia data shows that at the end of June this year, outstanding loans at the kingdom’s 32 commercial banks totaled $4.92 billion, compared with $3.75 billion in the corresponding period last year — a rise of 31.2 per cent.
