As banking sector booms, overbanking looms

10 September 2014
The Cambodia Daily
Banking and financial services / Banking and financial services policy and regulation / Economy and commerce / Government / Major banks / National Bank of Cambodia
Asian Development Bank (ADB) / CIMB Bank / Credit Bureau Cambodia / Hwang-DBS Commercial Bank / International Monetary Fund / National Bank of Cambodia / National Bank of Cambodia (NBC) / NBC / Singapore’s Philip Capital

Last month, Cambodia’s nascent yet rapidly expanding banking sector saw the new arrival of Phillip Bank through the acquisition of Hwang DBS Commercial Bank by Singapore’s Philip Capital in a $40 million deal.

The number of banks in the country has more than doubled since 2005, when there were 19, according to the National Bank of Cambodia (NBC). In the NBC’s 2013 report, it says there are now 43 banks, 35 commercial and nine specialized. …

 Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/as-banking-sector-booms-overbanking-looms-67824/