PHNOM PENH: As of October 2024, the total credit provided by banking and financial institutions to the economic sector amounted to 247,631 billion riels (equivalent to 60.9 billion USD), reflecting a 2.2% increase compared to the previous year.
The National Bank of Cambodia (NBC) said that this growth was primarily driven by the increase in lending to key sectors, including wholesale and retail trade, construction, real estate, manufacturing, and others.
“Credit serves as an important source of fund for consumers and enterprises, enabling them to expand their businesses and plays a vital role in supporting economic activities, create jobs, and enhance productivity”. NBC Added.
Credit extended to these sectors includes: wholesale and retail trade, exceeding 60,926 billion riels; construction at 29,199 billion riels; mortgages for owner-occupied properties reaching 27,686 billion riels; real estate at 24,863 billion riels; agriculture at 23,759 billion riels; services at 19,586 billion riels; manufacturing at 10,367 billion riels; household loans at 2,591 billion riels; and credit to other sectors surpassing 48,654 billion riels.
