Loans Provided to various Sectors 23% Increase from the Same Period Last Year according to information released by the National Bank on the evening of December 20, by the end of the third quarter of 2021. Banking and financial institutions had provided loans to various sectors including agriculture, construction, manufacturing, services, wholesale and retail, etc. in total about 185.1 trillion Riels, and about 44.9 billion US dollars. This is a 23% increase from the same period last year.
According to the National Bank of Cambodia, loans to the agricultural sector totaled 17.5 trillion riels or about 4.2 billion U.S. dollars; construction industry loans were 47.4 trillion riels or about 11.5 billion U.S. dollars; and service industry loans were about 19.3 trillion riels or about 11.5 billion U.S. dollars. $4.7 billion. Wholesale and retail trade sector loans of 45.5 trillion riels, or about $11.1 billion; manufacturing loans of 6.2 trillion riels, or about $1.5 billion; household unit loans of 11.1 trillion riels, or about $2.7 billion; other loans 38.1 trillion riels, or about $9.2 billion.
Kaing Tong Ngy, a spokesman for the Cambodian Microfinance Association, said the increase could be a sign of Cambodia’s economic recovery as starting a business requires credit. But MFIs should continue to monitor trends in the industry closely to prevent any possible repercussions.
A spokesperson for the Microfinance Association also said that loans from microfinance increased to $8.218 billion at the end of September 2021, an increase of about $600 million from the previous quarter, while borrowers increased to 2,028,882, up from 2021. An increase of 51,116 people in the second quarter.
