Outstanding credit could reach $30B by 2020

6 October 2014
The Cambodia Daily
Banking and financial services / Banking and financial services policy and regulation / Economic policy and administration / Economy and commerce / Major banks / National Bank of Cambodia
Credit Bureau Cambodia / John McGinley / Mekong Strategic Partners / National Bank of Cambodia / National Bank of Cambodia (NBC) / Stephen Higgins

The total amount of loans in Cambodia’s banking sector could rise to $30 billion by 2020, according to a report released today by Mekong Strategic Partners, a new investment and advisory fund.

Amid such growth, banks will be challenged to drastically expand their operations and will need to have far higher levels of capital than the current $37.5 million legally mandated minimum, said John McGinley, co-founder and managing partner of Mekong Strategic Partners along with Stephen Higgins, the former CEO of ANZ Royal Bank. …

 George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/outstanding-credit-could-reach-30b-by-2020-69127/