Total commercial bank assets rise 18.8% to $60 billion
Total commercial bank assets in Cambodia increased by 18.8 percent to US$60 billion, the National Bank of Cambodia said.
The main sources of financing come 67% from deposits, 19% from capital and 14% from other sources of borrowings.
The National Bank of Cambodia (NBC) released a report on the sector’s development in 2021 on Monday, stressing that the sector remains sound in light of the COVID-19 pandemic.
Disbursement of loans from commercial banks and specialized banks to customers stood at $38.6 million at the end of 2021, a year-on-year increase of 24.4 percent, it said.
According to the BNC, deposits grew 17% in 2021 to $35.1 billion, while non-performing loans accounted for 2% of the total ratio last year.
These key points show that Cambodia’s banking and financial system was sound and resilient, the central bank said.
“Credit volumes continued to rise due to increased investment demand and spending in sectors that support economic activity, while non-performing loans remained weak,” he said. he declares.
“Average interest rates on deposits and interest rates on loans have continued to decline, providing customers with access to affordable capital,” the BNC said. Chea Vannak – AKP
- Key words: commercial banks, National Bank