Khmer News: Cambodia news | Cambodian economy | Banking sector

CAMBODIA’S banks could see lending growth climb as much as 20 percent in 2010, with a slower growth in deposits, marking a slight recovery in the sector, said the International Monetary Fund’s chief representative in the Kingdom. “Lending growth has picked up recently after a very substantial slowdown through most of 2009,” John Nelmes, IMF [...]

At the present, the banking sector in Cambodia is growing and also is playing an important role in contributing to economic development through the mobilization and allocation of previously unproductive financial resources to fulfill financial needs of the manufacturing and service sector. The slowdown of global economy affected the World’s capital and financial market, and [...]