Banking Sector Sees Growth in First 9 Months
Profits at Cambodia’s largest banks continued to grow through the first nine months of the year as loan disbursals across the sector increased by about 30 percent compared to the same period in 2011, bankers said yesterday. Acleda Bank, the largest bank in the country, this week posted net profits of $48.49 million during the first nine months of 2012, a rise of 48.38 percent year-on-year. Total deposits reached $1.32 billion, an increase of 25.8 percent over the same period. … Although banks say the speed at which credit is expanding in the market is due to strong economic growth in the country, economists warn the banking sector must be careful it does not overheat. …
