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Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom’s loans rise 33%, deposists 20%

Kingdom’s loans rise 33%, deposists 20%

Loan and deposits across 31 banks in Cambodia rose 33.5 per cent and 20.4 per cent in 2011 year-on-year, respect-ively, official data from the National Bank of Cambodia (NBC) shows.

The data shows  the total amount of loans from all banks reached US$4.07 billion, with the total number of borrowers 294,533 and depositors numbering 1,266,412. “The sectors that contributed to this high growth were agriculture, industry, construction and commercial,”  NBC governor Chea Chanto said during the bank’s annual meeting yesterday.

“These indicators increased the confidence and support of foreign investors in the banking ind-ustry, as well as the government’s economic development policy,” he said.

Across microfinance institutions, loans rose 46 per cent to $644 million and 1,141,913 customers, with deposits rising $116 million to 242,116 depositors.

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