Country Overview

Economics Overview
Brief on Cambodia Economic
Year 2010 brought hope back to Cambodia with economic growth of 5%. The growth was contributed by the increases of textile 15%, tourism 10%, Foreign Direct Investment (FDI) 8.1%, and agriculture 4%. The estimation of growth is 6.8% for 2011. International Reserve is USD2,550 mil increased by USD183mil from 2009. This reserve can guarantee the import for 4.7 months.
Banks
Operations outreach and trust from the public play a critical role in the Cambodian economic development. As of Dec 2010, there are 29 commercial banks, 7 specialized bank, and 25 Microfinance Institutions (MFIs). Within the whole banking system, loan outstanding was increased by 26.7% and values of deposit increased by 26.3%. The quality of loan was also much improved showing by NPL downing from 6% to 3%.
Even though the inflation was a bit increased, but our local KHR currency is remained in a good position: KRR to US exchange rate was increased only 3,2% for the year.
Credit Bureau of Cambodia (CBC) is in the starting point of development. We hope after having Credit Bureau, multiple loans received by one individual client at one time will be much reduced.
Specifically, Microfinance Institutions
Many new MFI entered the market within the year and enforce market more and more competitive. However, there is still room to growth: the loan outstanding of microfinance institutions increased remarkably to about USD460 mil (KHR1,870 tri) and clients 1.020.784. It was about 40% and 21% increased respectively. The values of deposit collected by MFIs was also reported 4 times increased to about USD40 (KHR171 tril) from 240,153 clients (43% increased). This clearly shows that Cambodian people better understand the importance of MFIs and give them trust.
Please link here with the websites: www.cma-network.org and www.nbc.org.kh

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