Cambodia’s banking industry sees 20.1 percent lending growth last year

Loan demands from Cambodia’s banking industry had surged by 20.1 percent in 2018 thanks to the growing business activities in trade, real estate and construction, agriculture, and manufacturing, said a central bank’s annual report on Wednesday.

The kingdom’s 43 commercial banks and 14 specialized banks had lent a total of 19.6 billion U.S. dollars last year, up 20.1 percent from a year earlier, said the National Bank of Cambodia (NBC)’s report.

It said that 28.2 percent of the loan went to retail and wholesale trade, 25.9 percent to real estate, construction and mortgage, 9.4 percent to agriculture, forestry and fishery, 5.5 percent to manufacturing, and the rest went to hotels and restaurants as well as other sectors.

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