Thursday, November 17, 2011

Cambodia’s banking industry sees well growth in 9 months


   PHNOM PENH, Nov. 17 (Xinhua) -- Cambodia’s banking industry has seen strong growth in terms of loans and deposits in the first nine months of this year, said a senior central bank official on Thursday.
   Lending at the kingdom’s 29 commercial banks has increased by 23 percent to 4.04 billion U.S. dollars in the first nine months of this year, up from 3.29 billion U.S. dollars at the end of last year, Nguon Sokha, director general of the National Bank of Cambodia, told Xinhua over telephone.
   On the deposit side, she said, the customers’ deposits at the commercial banks have increased by 17 percent to 4.72 billion U.S. dollars from 4.04 billion U.S. dollars at the end of last year.
   “In general, the banking industry is quite stable this year, it reflects more public confidence in the sector,” she said. “We see well lending growth in service sector, garment industry, agriculture and hotel and resort development.”
   Dieter Billmeier, vice president of the kingdom’s third largest Canadia Bank, said it was a good year for the banking industry in 2011 and it would be stronger next year.
   “Our bank see good growth in agricultural loans this year and we will continue to increase our lending for the sector in the coming years to help the government in upgrading and modernizing existing milling and drying facilities, rice planting and rice storing,” he said. 

No comments:

Post a Comment