Nonperforming loans reached 5.2pc by June and could rise close to 10pc in the coming months, National Bank of Cambodia Director General Tal Nay Im warns.
NONPERFORMING loans at commercial banks rose to 5.2 percent by the end of May, up 1.8 percentage points from the beginning of the year, National Bank of Cambodia Director General Tal Nay Im told the Cambodian Club of Journalists on Wednesday.
The increase came as borrowers struggled with repayments amid declining cashflow in the wake of the global financial crisis, she said, adding that the central bank was not overly worried by the defaults. Click to read more...
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