On Saturday night December 11, 2021, the Association of Banks in Cambodia organized the 2021 Bankers’ Annual Dinner for its members, which took place at the campus of SOSORO Museum.
The 2021 Bankers’ Annual Dinner was presided over by H.E Chea Chanto, Governor of the National Bank of Cambodia, his/her Excellency Deputy Governor and his/her Excellency Director General of the National Bank of Cambodia, accompanied by Dr. In Channy, Chair of ABC, Mr. Kea Borann, Chair of the Board of Cambodian Microfinance Association, Mr. Remi Pell, Chair of the Cambodian Association of Finance and Technology, and his/her Excellency, CEOs of Specialized banks and representative offices of foreign banks, a total of more than 100 people.
event is organized to celebrate the achievement made by the Banking and Financial Institutions in the past two years. All our members will take this great opportunity to strengthen the bonds of solidarity, expand the banking business cooperation for achievements and success in the years to come, as well as strengthen the relations between the banking and financial institutions and the guardians in order that the work in the banking and financial sector could be carried out smoothly and in full compliance with the regulations of the National Bank of Cambodia.
The Association of Banks in Cambodia has a total of 74 members, including 55 commercial banks, 11 specialized banks and 6 representative offices, 01 representative of the Cambodia Microfinance Association, 01 representatives of a Deposit-taking Microfinance Institution and 01 representative of the Cambodia Association of Finance and Technology.
According to NBC, as of June 2021, the banking system had total assets of 221.8 trillion riels ($54billion), an increase of 17% compared to the same period last year, while deposits increased by 19.7% to 130 trillion Riel ($32 billion). Meanwhile, the BFIs play a significant role to support the economic activities through providing financial services and lending to support all sector. Despite the context of COVID-19 pandemic, the banking sector continued to see growth in assets, deposits and loans, while non-performing loans remained low at around 2.5%.
