News

NBC: Loans, deposits see double-digit 2022 growth

The Kingdom’s banking and financial institutions posted very solid business performance overall last year despite regional and global uncertainty and inflationary pressures tied to Covid-19 and the Ukraine crisis. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-loans-deposits-see-double-digit-2022-growth

Average small business loan amount rises by 250%

Small business loans are dominating banks’ loan balances, with the average borrower in Cambodia lending between $2,800 and $9,600 – a 250 percent increase. ...

Seng Mengheng
https://kiripost.com/stories/average-small-business-loan-amount-rises-by-250

Requests for loans drop 34% in Apr-Jun

Applications for loans in the financial sector continued to drop in the second quarter of this year over concerns regarding the coronavirus outbreak and economic repercussions of the ensuing health crisis, according to a new report. ...

May Kunmakara
https://www.phnompenhpost.com/business/requests-loans-drop-34-apr-jun

NBC: Financial institutions in H1 restructure $5.5 billion in loans

The Kingdom’s banking and financial institutions have restructured 22.2 trillion riel ($5.5 billion) in loans for 367,239 borrowers in the first half of this year, to ease the burden on the public as the ongoing coronavirus outbreak dampens economic activity, according to the National Bank ...

Thou Vireak
https://phnompenhpost.com/business/nbc-financial-institutions-h1-restructure-55-billion-loans

PM asks banks and microfinance to delay loan repayment for flood victims

Prime Minister Hun Sen has appealed to all banks and microfinance institutions nationwide to understand the difficulties faced by flood victims who owe them, asking them to delay repayment or reduce the interest rate during the flooding. ...

Ben Sokhean
https://www.khmertimeskh.com/50775521/pm-asks-banks-and-microfinance-to-delay-loan-repayment-for-flood-victims/

Deposits and loans increase

Deposit and loans at major commercial banks have continued to climb over the first half of this year, industry officials say. Grant Knuckey, chief executive officer of ANZ Royal Bank, said yesterday that ANZ continues to see strong growth in trade finance led by the agricultural ...

http://www.phnompenhpost.com/business/deposits-and-loans-increase

PM Defends Interest Rates

Prime Minister Hun Sen yesterday lashed out at the opposition party’s concerns over the interest rates charged by commercial banks to farmers. SRP lawmaker Yim Sovann said commercial banks in Cambodia charge customers very high interest rates, and said it is much higher than in other ...

http://www.phnompenhpost.com/2013051665645/Business/pm-defends-interest-rates.html

Rise of housing loans

Although costs can be high for borrowing and it can be difficult to pay regularly every month, the trend of borrowing from banks by Cambodian people to buy property is still steadily increasing, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said ...

http://www.phnompenhpost.com/index.php/Real-Estate/rise-of-housing-loans.html

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