Khmerhamster wrote:RBD wrote:It's not a question of whether or not the Government will bail out customers should the banks go bust (BTW - there is no guarantee in super modern efficient financial-centric Singapore either for its overseas banking clients), it's the likelihood of the banks actually going bust in the ST. Really if you think the entire financial system here is about to implode, its probably best to leave ASAP (carrying your money in cash, of course).
I don't know if it's going to go bust in ST or not. You don't either.
Few people saw the UK crash coming & those who did weren't listened to.
These developments are simply positive initiatives which gives greater security to depositors.
Just because they have a premium lounge is no indication of their relative wealth/security/stability. RBS had whizzy facilities.
The phrase 'All fur coat and no knickers'... could very easily apply to Cambodian banks.
The OP has money to invest in the short term and is questioning the strength of Cambodia's banks. I think it highly unlikely that any of Acleda, ABA, Maybank or ANZ will go bust in the next few months. There is no perfect investment and there is almost always a correlation between risk and reward - if he/she waits for this perfect investment, his/her money will remain forever under the mattress, secure (perhaps) but earning zilch......
The fact that people are willing to hold $200k/$500k on deposit in a local bank in Cambodia (whose majority shareholder is now Canadian) indicates a level of confidence not previously seen in the Cambodian banking sector.
And, having banked with RBS since 1985, I can say with complete conviction that their physical facilities have always been rubbish. I think you are confusing RBS with Coutts (the Queen's bank, I believe. But not that she has told me), which is staffed mainly by blonde upper-class English ladies with clipped upper class accents wearing high heeled shoes and power navy-blue squared-shouldered jackets and tight pencil skirts, and goes so far as to offer custard creams with their cup of milky sweet tea.