The Financial System in Cambodia(1)

The Financial System in Cambodia

John Brinsden, Vice-chairman, ACLEDA Bank Plc British Chamber of Commerce lunch Bangkok, 1st March, 2007 ACLEDA BANK Plc
Phnom Penh, Cambodia
www.acledabank.com.kh

Cambodia www.Structure of the financial system ‡ ‡ ‡ ‡ National Bank of Cambodia (µNBC¶) 14 Commercial Banks 5 µSpecialized Banks¶ 16 licensed Microfinance Institutions -----------------------‡ Ministry of Economy and Finance ‡ Insurance Companies ACLEDA BANK Plc Phnom Penh.kh .com.acledabank.

Size of the banking system (As at 31st December.com. 2006) ‡ Total Assets ± USD1.acledabank.kh .226 ACLEDA BANK Plc Phnom Penh.312.7 million ‡ Number of branches (Commercial Banks) . Cambodia www.8 million ‡ Total Loans ± USD894.2 million ‡ Total Deposits ± USD1.962.

kh .Distribution of Credit (As at 31st December. 2006) Agriculture Manufacturing Construction Wholesale and Retail Export 4.8% 7.3% 11.4% ACLEDA BANK Plc Phnom Penh.0% 6.8% Import Finance Real Estate and Public Utilities Services Others 4.1% 0. Cambodia www.acledabank.com.6% 33.8% 22.7% 8.6% 0.

etc.kh . Cambodia www. EUR.com.acledabank.) ‡ No restrictions on remittances or repatriation of funds ACLEDA BANK Plc Phnom Penh.F/X and currency controls ‡ US$ is the major currency (70%+) ‡ Full convertibility of the Riel/Stability of the local currency ‡ Multi-currency environment (THB.

Cambodia www. EFTPOS.acledabank.com. internet banking) ‡ Leasing ‡ Project Finance ‡ Life Insurance ACLEDA BANK Plc Phnom Penh. phone banking.Future Developments (1) (1 ± 5 years?) ‡ Electronic banking (credit cards.kh .

acledabank.Future Developments (2) (1 ± 5 years?) ‡ Asset management/pension funds ‡ More international banks ‡ Stock exchange/capital markets ACLEDA BANK Plc Phnom Penh. Cambodia www.com.kh .

etc. etc ACLEDA BANK Plc Phnom Penh.«. Cambodia www.com.but progress is dependent on: ‡ Effective promulgation of laws: ± Law on Secured Transactions ± Leasing Law ± Mortgage Law ± Trust Law ± Stock Exchange Law ««..kh .acledabank.

com.kh . Cambodia www.Thank you! Any questions? ACLEDA BANK Plc Phnom Penh.acledabank.

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