Cambodia's banks cautious on real estate loans
Posted: Mon Apr 23, 2018 4:45 pm
April 11, 2018
Cambodia: Only a few banks offer loans to real estate sector
There are currently 39 commercial banks, 15 specialized banks, and 6 foreign banks representative offices in the country.
Nearly $4 billion was loaned out to the construction and real estate sectors last year, but the money came from a just few banks. Latest figures from the National Bank of Cambodia (NBC) show that in 2017 $3.91 billion were loaned out to the construction and real estate sectors, representing 24.28 percent of the $16.10 billion total loan portfolio for 2017.
Loans for construction projects reached $1.52 billion, personal home loans $1.48 billion, and loans for real estate trade were valued at $917 million.
It was noted, however, that most banks stayed away from direct lending to real estate. For the ones that do so the amount is much smaller compared to other sectors or industries. Risks apparently dissuade these banks from getting more involved with the sector.
https://www.khmertimeskh.com/50301622/c ... te-sector/
Cambodia: Only a few banks offer loans to real estate sector
There are currently 39 commercial banks, 15 specialized banks, and 6 foreign banks representative offices in the country.
Nearly $4 billion was loaned out to the construction and real estate sectors last year, but the money came from a just few banks. Latest figures from the National Bank of Cambodia (NBC) show that in 2017 $3.91 billion were loaned out to the construction and real estate sectors, representing 24.28 percent of the $16.10 billion total loan portfolio for 2017.
Loans for construction projects reached $1.52 billion, personal home loans $1.48 billion, and loans for real estate trade were valued at $917 million.
It was noted, however, that most banks stayed away from direct lending to real estate. For the ones that do so the amount is much smaller compared to other sectors or industries. Risks apparently dissuade these banks from getting more involved with the sector.
https://www.khmertimeskh.com/50301622/c ... te-sector/
