Annual bank report states bad loans minimal in 2008

Central Bank notes, however, that NPLs increased at a number of major lenders, including Canadia Bank, ANZ Royal and FTB

NON-PERFORMING loans (NPLs) were kept to a "considerably low" level in 2008 despite rapid credit growth, but several large banks performed significantly worse than the sector average, according to a central bank report released Friday.

The National Bank of Cambodia's (NBC) 2008 annual banking supervision report, published on its Web site, showed that non-performing loans rose from 3.4 percent of total loans at the end of 2007 to 3.7 percent as of the end of last year.

The absolute value of NPLs climbed from US$52.95 million to $87.44 million over the period as the total value of loans soared 54.7 percent from $1.51 billion to $2.35 billion. Click to read more...