Thursday, March 23, 2023
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

Nonperforming loan of microfinance in Cambodia fall to 2.27% in October

December 2, 2020
in Business, Cambodia, National
0
Nonperforming loan of microfinance in Cambodia fall to 2.27% in October
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

The microfinance sector’s nonperforming loan (NPL) ratio decreased from 2.56 percent in September to 2.27 percent in October after rising from 1.33 percent in January and peaking in May at 2.61 percent.

The NPL ratio for the overall sector, including banks and financial institutions,  also decreased from 2.2 percent in September to 2.18 percent in October.

Cambodian Microfinance Association (CMA) Head of Communications Kaing Tongngy, said yesterday the decrease was expected because banks and financial institutions continue to work with their clients whose finances have been affected by the pandemic.

“As expected, the NPL of the microfinance sector decreased from 2.56 percent in September to 2.27 percent in October. This decrease is [the result of] a joint effort by CMA members to ensure that the needs of our clients are carefully addressed, especially during this difficult time,” Tongngy said.

“One of [those] needs is [the availability of ongoing] loan restructuring, which reduces the financial burden for clients who are affected by COVID-19. With the National Bank of Cambodia’s continued restructuring policy, financial institutions have [in place] the needed legal framework to support any affected clients,” Tongngy added.

A loan is labelled non-performing when a borrower has not made a scheduled repayment in more than 30 days. It is considered a key indicator in assessing risk appetite and portfolio quality in the microfinance sector.

For context, an NPL rate below 5 percent is considered “good” by global industry standards.

Last month the NBC informed banks and financial institutions  they should continue loan restructuring until mid-2021.

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: Cambodiamicrofinance in CambodiaNonperforming loanNonperforming loan of microfinance in Cambodia
Previous Post

Cambodia Rice exports grow

Next Post

American study finds signs of coronavirus in US before China outbreak

Related Posts

Nearly 10,000 national and international tourists flock to see Equinox at Angkor Wat Temple

Nearly 10,000 national and international tourists flock to see Equinox at Angkor Wat Temple

by Khmer Times
March 22, 2023
0
5

A total 8,726 national and international tourists this morning flocked to Angkor Wat Temple in Siem Reap provincial city to...

Cambodia’s 1st full flight simulator officially put into use under the Lanmei Aviation Group

Cambodia’s 1st full flight simulator officially put into use under the Lanmei Aviation Group

by Khmer Times
March 22, 2023
0
5

The International Aviation Flight Simulator Centre (IAFSC), which is the first full flight simulator in Cambodia, was officially put into...

Angkor Wat in Cambodia becomes favourite destination for Equinox tourism

Angkor Wat in Cambodia becomes favourite destination for Equinox tourism

by Khmer Times
March 21, 2023
0
4

A large number of international and domestic tourists visited the Angkor Wat Temple in Siem Reap province yesterday morning to...

Most Popular

Google suspends Chinese app Pinduoduo from Play store after malware is found

Google suspends Chinese app Pinduoduo from Play store after malware is found

March 22, 2023
27
Rebels in Indonesia’s Papua release New Zealand hostage video

Rebels in Indonesia’s Papua release New Zealand hostage video

March 12, 2023
20
Biden speaks with California governor about Silicon Valley Bank: White House

Biden speaks with California governor about Silicon Valley Bank: White House

March 12, 2023
19
Malaysia Airlines Flight 370 disappearance: New Netflix series dives into mystery of vanished jet

Malaysia Airlines Flight 370 disappearance: New Netflix series dives into mystery of vanished jet

March 12, 2023
16
Meta must face trial over AI trade secrets, judge says

Meta must face trial over AI trade secrets, judge says

March 8, 2023
13
New Siem Reap Airport, Siem Reap-Angkor International Airport, construction 63 percent complete

New Siem Reap Airport, Siem Reap-Angkor International Airport, construction 63 percent complete

March 4, 2023
13

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!