The message from Cambodia’s central bank and financial executives is that all is well on the financial front. This month, for instance, they pointed to 20.7% growth in lending in the first half of the year, low inflation and growing deposit-taking as cause for reassurance.
But they surely know the Covid-19 pandemic – and the economic crisis it has wrought – is taking a rising toll on the economy and borrowers’ ability to repay their loans.
“The main risks are the prolonging of Covid-19 and a fall in people’s income and business,” National Bank of Cambodia Governor Chea Chanto acknowledged to local media last month.
In full: https://asiatimes.com/2020/07/cambodias-banks-showing-covid-cracks/
