Consumer Loans Rise to Over US$33bn as of H1, Construction & Property Attributed 31%

• 28 July 2021
• Local News
• 1913 Views

As of H1of 2021, consumer loans in the banking sector have increased to over US$33.9 billion, 31% which were attributed to the construction and property sectors, according to the recent report of the National Bank of Cambodia (NBC).

Among all the personal home loans, construction, and real estate activities accounted for 13.1%, 9.5%, and 8.4%, or equivalent to US$4.44 billion, US$3.22 billion, and US$2.85 billion respectively.

Meanwhile, consumer loans in the microfinance sector have also increased to US$7.6 billion, and 3.7% of which or equal to US$300 million was attributed to the construction sector.

The same report added that from 2014 to the first semester of 2021, active assets of the whole banking system (bank, microfinance, and others) have increased by 18% to over US$64.5 billion, of which consumer loans also rose by 23.4%.

• Analysis
• Economy and Finance