Number of Restructured Loans for Construction Sector at Over 20k Accounts in 2020, says NBC

• 3 June 2021
• Local News
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The total number of restructured loans in 2020 was recorded at over 24,000 accounts, of which borrowers from the construction sector ranked third with a total of 20,609 accounts, according to the National Bank of Cambodia (NBC) Financial Stability Review 2020 published on 31 May.

The report added that this huge amount of restructured loans has helped many COVD-19 affected borrowers in the kingdom.

Among 20,609 restructured loans from the construction sector, borrowers from banks, Microfinance Deposit-Taking Institutions (MDI), and Microfinance Institutions (MFI) were at 7,690, 10,531, and 2,388, respectively.

The NBC issued a circular on Loan Restructuring during the COVID-19 Outbreak in March 2020 to allow banks and financial institutions to conduct loan restructuring for clients who faced revenue shortfalls.

This program prioritised the four main sectors of garments, transportation and logistics, tourism, and construction.

At the end of 2020, the restructured loans amounted to US$4 billion, which is equivalent to 10.7% of the total loans. Among the total restructured loans, there was a total of 242,841 accounts.

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