Cambodia Investment Review:
The National Bank of Cambodia (NBC) has reported a Non-Performing Loan (NPL) ratio of 2.4% as of June this year. In addition, the central bank noted outstanding loans rose by 19% year-on-year to $33.9 billion and customers’ deposits increased by 20.8 percent to $32.7 billion over the same period.
Read more: https://cambodiainvestmentreview.com/20 ... ord-33-3b/
COVID debt relief measures keep bad bank loans at 2.4% as outstanding loans hit record $33.3B
It’s worth noting these are banks figures not MFIs, that typically lend to individuals and groups of people.
So who are these loans to - Government, businesses and the like?
So who are these loans to - Government, businesses and the like?
pew, pew, pew, pew!
Haven't opened the link, but does this mean only a 2.4% non-performing rate? Doesn't seem bad at all....would have to believe this doesn't include anyone who has lost their collateral
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It’s crap, I’m sure of it.
They must be either lying or restructuring non-performing loans into longer term, lower monthly payment to make them seem good or realising collateral left, right and centre (but I haven’t yet heard the jungle drums beating this tune).
Read the article mate - it is explains the reason (you are right though restructuring has bee excluded from these metrics under NBC circular).
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Kicking the can down the road. Delaying the somewhat inevitable.
They must have learned from America. Perhaps the Cambodian politicians will go on 6 week holiday? Like Congress, when millions face homelessness as the moratoriums have ended.ផោមក្លិនស្អុយ wrote: ↑Mon Aug 02, 2021 12:07 pmKicking the can down the road. Delaying the somewhat inevitable.
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I'd be surprised if they do 6 week's work a yearAlexandra wrote: ↑Mon Aug 02, 2021 3:53 pmPerhaps the Cambodian politicians will go on 6 week holiday?ផោមក្លិនស្អុយ wrote: ↑Mon Aug 02, 2021 12:07 pmKicking the can down the road. Delaying the somewhat inevitable.
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Socialist!Alexandra wrote: ↑Mon Aug 02, 2021 3:53 pmThey must have learned from America. Perhaps the Cambodian politicians will go on 6 week holiday? Like Congress, when millions face homelessness as the moratoriums have ended.ផោមក្លិនស្អុយ wrote: ↑Mon Aug 02, 2021 12:07 pmKicking the can down the road. Delaying the somewhat inevitable.
Asked around today. What you suggest is happening to people who aren't even defaulting yet, and against their will...additional collateral is being asked for too.ផោមក្លិនស្អុយ wrote: ↑Mon Aug 02, 2021 10:02 amrestructuring non-performing loans into longer term, lower monthly payment to make them seem good
How can the contract terms change against their will?
Dunno yet.
In the 3 cases I heard today, they all bought in the same borey. The building work is not yet complete and hard title not granted to individuals. I'm guessing the borey builders are running out of money and the bank is repossessing the whole operation.
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Some Borey’s don’t involve banks - at least directly. I know of a couple of people (foreigners) who owe money to the Borey - they would never have got house finance from a bank.RobW wrote: ↑Mon Aug 02, 2021 8:55 pmDunno yet.
In the 3 cases I heard today, they all bought in the same borey. The building work is not yet complete and hard title not granted to individuals. I'm guessing the borey builders are running out of money and the bank is repossessing the whole operation.
Is it banks pushing this or the Borey company?
Sounds perhaps they have borrowed on high LTV and the house prices haven’t risen as the expected or has even decreased. Potentially having customers now in negative equity.
Many people won’t know their rights, the bank/Borey insist on it and they will agree whether they want to or not.
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