Banks with excess exposure to Cambodian real estate segment facing crisis
-
- Expatriate
- Posts: 290
- Joined: Tue Feb 15, 2022 6:55 pm
- Reputation: 203
Re: Banks with excess exposure to Cambodian real estate segment facing crisis
If I'm reading this correctly, fwiw as a rough guide Total NPLs Ratios for 2022 were Banks 3.0% MFIs 2.5% from
https://www.nbc.gov.kh/download_files/s ... 022_KH.pdf
https://english.news.cn/20240130/38bf0a ... 45f/c.html
https://www.nbc.gov.kh/download_files/s ... 022_KH.pdf
Cambodia's banking system experiences slowest credit growth in 2 decades: central bank
2024-01-30 16:48:00
PHNOM PENH, Jan. 30 (Xinhua) -- Cambodia's banking system recorded a 4.8 percent credit growth in 2023, the slowest-ever growth in the last two decades, said a National Bank of Cambodia (NBC) report released on Tuesday.
The Southeast Asian country's banking system comprises 58 commercial banks, nine specialized banks, and 87 microfinance institutions.
The report said credit growth in the banking system reached 57.6 billion U.S. dollars last year, up only 4.8 percent from a year earlier.
"The single-digit credit growth was the slowest pace in the last two decades due to a slow recovery in some sectors," NBC Governor Chea Serey said in the report.
According to the report, lending to hotels and restaurants rose only 0.6 percent, to wholesales increased 4.8 percent, to home purchases rose 6.4 percent, to real estate rose 16.9 percent and to construction rose 13.9 percent.
Non-performing loan (NPL) at the banking sector and the microfinance sector last year was 5.4 percent and 6.7 percent, respectively, the report said, adding that the NPL rates were still at a controllable level.
"The banking system has played an active role in supporting key economic sectors, although the pace of credit growth has slowed down," the report said.
Customers' deposits in the banking system increased by 13.1 percent to 47.9 billion dollars last year, the report said, adding that the current assets in the banking system rose to 84.3 billion dollars last year, a year-on-year increase of 8.6 percent.
https://english.news.cn/20240130/38bf0a ... 45f/c.html
-
- Expatriate
- Posts: 141
- Joined: Wed Sep 13, 2017 2:17 pm
- Reputation: 74
Re: Banks with excess exposure to Cambodian real estate segment facing crisis
The shadow banking section (starts on page 36) is an interesting read.Doc67 wrote: ↑Tue Jan 30, 2024 8:29 am
The report this article cites is the ASEAN Macro Economic Research Office.
https://amro-asia.org/wp-content/upload ... cation.pdf
A back-of-the-envelope calculation indicates that the size of shadow banking linked
to real estate lending is estimated at around 60 to 70 percent of GDP assuming a
moderate level of interconnectedness between them.
- armchairlawyer
- Expatriate
- Posts: 2522
- Joined: Sat Aug 29, 2015 1:43 pm
- Reputation: 1518
Re: Banks with excess exposure to Cambodian real estate segment facing crisis
Yes, China has different economics to the Western countries.YaTingPom wrote: ↑Tue Jan 30, 2024 8:33 am
There's a lot of misinformation and misunderstanding with regard to how China does business. It's not like western governments and businesses.
The vast majority of big corporates are government owned and they control them. It's the same with the citizens; only the small minority of liberals complain about it, everyone else excepts it.
The Chinese have a Leninist-Marxist way of doing business. (Not the other way round)
I don't know about Taiwan but I would imagine it is the same as Japan and the west in the way it conducts business.
The western media have been saying for at least 5 years that China will collapse financially but then they have been saying that there will be a big reset in the western world. Waiting...
With reagard to Cambodia. I am sure I saw an article saying they have $2 billion in Forex or something?
China Beige Book tell truth about China, a good follow on X.
This video sums up the current business situation in China.
- newkidontheblock
- Expatriate
- Posts: 4468
- Joined: Tue May 20, 2014 3:51 am
- Reputation: 1555
Re: Banks with excess exposure to Cambodian real estate segment facing crisis
China Insider and CNA (Singapore reports) says pain has arrived in China for the ordinary people.
China says the official stuff for Western consumption, saving the real stuff for its people domestically. The stuff for the people usually isn’t allowed out. And what makes these reports interesting. Reports made up of typical videos posted by average citizens.
Fascinating reports on how the Chinese military works. Military serves only the people. Party is the sole voice of the people, therefore every fiber is for the advancement of the party. Military tactics and equipment cannot triumph over party devotion and loyalty.
Massive increases in power bills. Energy consumption is stripping production by 10-25%, but still having rolling blackouts.
Biggest cities emptying of people as there are no jobs. Bank freezes, salary cuts, massive unemployment.
The truth always lies in between all the positions. The problem in China is that the official position is the only available side. And always made to never embarrass the party.
China says the official stuff for Western consumption, saving the real stuff for its people domestically. The stuff for the people usually isn’t allowed out. And what makes these reports interesting. Reports made up of typical videos posted by average citizens.
Fascinating reports on how the Chinese military works. Military serves only the people. Party is the sole voice of the people, therefore every fiber is for the advancement of the party. Military tactics and equipment cannot triumph over party devotion and loyalty.
Massive increases in power bills. Energy consumption is stripping production by 10-25%, but still having rolling blackouts.
Biggest cities emptying of people as there are no jobs. Bank freezes, salary cuts, massive unemployment.
The truth always lies in between all the positions. The problem in China is that the official position is the only available side. And always made to never embarrass the party.
- armchairlawyer
- Expatriate
- Posts: 2522
- Joined: Sat Aug 29, 2015 1:43 pm
- Reputation: 1518
Re: Banks with excess exposure to Cambodian real estate segment facing crisis
Another good video on the Chinese economy.
- Roryborealis
- Expatriate
- Posts: 472
- Joined: Sun Jun 11, 2023 10:05 pm
- Reputation: 145
Re: Banks with excess exposure to Cambodian real estate segment facing crisis
Thanks for the earmark.Khmer_Risotto wrote: ↑Wed Jan 31, 2024 2:48 pmThe shadow banking section (starts on page 36) is an interesting read.Doc67 wrote: ↑Tue Jan 30, 2024 8:29 am
The report this article cites is the ASEAN Macro Economic Research Office.
https://amro-asia.org/wp-content/upload ... cation.pdf
A back-of-the-envelope calculation indicates that the size of shadow banking linked
to real estate lending is estimated at around 60 to 70 percent of GDP assuming a
moderate level of interconnectedness between them.
An illustrative footnote:
"Due to the informal nature of shadow banking activities and lack of information on the level of interconnectedness, the estimated size of shadow banking linked to the real estate sector ranges widely from 39 to 112 percent of GDP."
Investor expectations regarding the magnitude of government spending stimulus appear misguided.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 0 Replies
- 1064 Views
-
Last post by CEOCambodiaNews
-
- 1 Replies
- 2702 Views
-
Last post by Strawberryshake
-
- 8 Replies
- 1549 Views
-
Last post by Mister Nice Guy
-
- 1 Replies
- 999 Views
-
Last post by Doc67
-
- 20 Replies
- 9776 Views
-
Last post by Phnom Poon
-
- 3 Replies
- 1785 Views
-
Last post by Doc67
-
- 0 Replies
- 1823 Views
-
Last post by whatwat
Who is online
Users browsing this forum: No registered users and 272 guests