Arab Today, arab today cambodia\s banking sector sees growth in loan deposit in 7 months
Last Updated : GMT 06:37:29
Arab Today, arab today
Arab Today, arab today

Cambodia\'s banking sector sees growth in loan, deposit in 7 months

Arab Today, arab today

Arab Today, arab today Cambodia\'s banking sector sees growth in loan, deposit in 7 months

Phnom Penh - XINHUA

Cambodia\'s banking industry has seen 8 percent rise in loan and 4 percent increase in deposit over the first seven months of the year thanks to better economic situation and public confidence in the sector, a central bank official said Monday. Nguon Sokha, director general of the National Bank of Cambodia (NBC), said the kingdom\'s 34 commercial banks had provided a total loan of 6.38 billion U.S. dollars to customers by July this year, up 8 percent from 5.88 billion U.S. dollars at the end of last year. The loans mainly went to trade, agriculture, manufacturing, construction, hotels and restaurants, mortgages and real estate. On the deposit side, she said by July this year, the banks had received a total deposit of 6.4 billion U.S. dollars, up 4 percent from 6.16 billion U.S. dollars at the end of last year. \"Even though there was a general election in July, we see that the banking industry still continue to grow,\" she said.\"We believe that the growth will continue throughout the rest of the year if the ongoing dispute over the election results is peacefully resolved.\" Cambodia held a general election on July 28. Initial results showed that the ruling Cambodian People\'s Party (CPP) of long- serving Prime Minister Hun Sen won 68 of the 123 parliamentary seats, with the Cambodia National Rescue Party (CNRP) of longtime opposition leader Sam Rainsy taking the remaining 55 seats. But the CNRP did not recognize the results, claiming serious irregularities during the poll. It said the party should win 63 seats, with the CPP getting the remaining 60 seats. The party will hold a massive nonviolent protest against the poll results on Saturday -- a day ahead of the release of the official election results. Cambodia has the population of about 14.7 million with its banking sector serving about 1.6 million borrowers and 1.9 million depositors, the NBC said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cambodia\s banking sector sees growth in loan deposit in 7 months Arab Today, arab today cambodia\s banking sector sees growth in loan deposit in 7 months

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cambodia\s banking sector sees growth in loan deposit in 7 months Arab Today, arab today cambodia\s banking sector sees growth in loan deposit in 7 months

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday