PHNOM PENH: The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) on Monday issued a statement reassuring the resilience and stability of Cambodia’s financial sector.
“Cambodia’s financial sector remains resilient, liquid, and subject to close supervision by the National Bank of Cambodia (NBC), with key prudential indicators remaining above minimum regulatory requirements,” read the statement. “Recent speculation and misinformation regarding the condition of certain banks do not reflect the overall strength of the sector.”
ABC and CMA emphasised that a temporary operational disruption at an individual institution should not be interpreted as a reflection of the condition of the wider financial system.
“Cambodia’s financial sector continues to be supported by strong prudential regulation, ongoing supervision, and liquidity safeguards,” they underlined.
The two associations also strongly condemned the spread of false or misleading information that could undermine public trust.
Moreover, ABC and CMA urged the public not to rely on rumors or unverified social media content, and to follow only official information from the NBC and licensed banks and financial institutions or contact their respective institutions directly for clarification.
“The associations remain confident in the resilience of the sector and will continue to work closely with the NBC and member banks and financial institutions to support clear communication, promote orderly conditions, and help maintain stability and confidence in the financial system,” the statement concluded.
