Cambodia's banking industry sees rise in lending growth
Xinhua, February 9, 2015 Adjust font size:
Cambodia's banking sector has reported a 33.7 percent rise in lending in 2014, according to the figures released by the National Bank of Cambodia (NBC) on Monday.
The figures showed that the kingdom's 36 commercial banks had lent a total of 10.8 billion U.S. dollars to customers as of December last year, up 33.7 percent year-on-year.
On the deposit side, it said, by December last year, the banks had received a total deposit of 11.6 billion U.S. dollars, up 36 percent year-on-year.
The Southeast Asian country has the population of about 14.8 million. Its banking sector has been serving around 2.2 million borrowers and 3.3 million depositors, the figures showed.
Speaking at the opening of the NBC's annual meeting on Monday, NBC's governor Chea Chanto said so far, the banks have equipped with more than 900 ATMs (Automated Teller Machines) throughout the country.
"The growth clearly reflects better economic situation and public confidence in the banking and finance sector," he said. Endi