Nonperforming microloans swell due to floods

Total outstanding loans in the microfinance sector reached $815.47 million in the third quarter, a 25.8 percent rise compared to beginning of the year, according to data released yesterday by the Cambodia Microfinance Association (CMA) Despite growth in the sector, microfinance institutions said nonperforming loans were ...

Floods to push up non-performing loans in 4th quarter

The worst floods in a decade may boost the number of nonperforming loans in the Kingdom’s microfinance industry in the fourth quarter, insiders said yesterday. However, those insiders said the damage done to Cambodia’s agriculture sector would not have a significant impact given the MFIs’ diversified ...

Bad Loans Grew in Some Banks in 2010

Nonperforming loans have increased in some banks though the number for the banking system over all has decreased 3 percent according to the National Bank of Cambodia. ANZ Royal Bank has seen a rise to 5.7 percent while Canadia Bank rose to 6.5 percent. Other ...

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