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The Financial System in Cambodia John Brinsden, Vice-chairman, ACLEDA Bank Plc British Chamber of Commerce lunch Bangkok, 1 st March, 2007 ACLEDA BANK.

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Presentation on theme: "The Financial System in Cambodia John Brinsden, Vice-chairman, ACLEDA Bank Plc British Chamber of Commerce lunch Bangkok, 1 st March, 2007 ACLEDA BANK."— Presentation transcript:

1 The Financial System in Cambodia John Brinsden, Vice-chairman, ACLEDA Bank Plc British Chamber of Commerce lunch Bangkok, 1 st March, 2007 ACLEDA BANK Plc Phnom Penh, Cambodia www.acledabank.com.kh

2 Structure of the financial system National Bank of Cambodia (‘NBC’) 14 Commercial Banks 5 ‘Specialized Banks’ 16 licensed Microfinance Institutions ------------------------ Ministry of Economy and Finance Insurance Companies ACLEDA BANK Plc Phnom Penh, Cambodia www.acledabank.com.kh

3 Size of the banking system (As at 31 st December, 2006) Total Assets – USD1,962.8 million Total Loans – USD894.2 million Total Deposits – USD1,312.7 million Number of branches (Commercial Banks) - 226 ACLEDA BANK Plc Phnom Penh, Cambodia www.acledabank.com.kh

4 ACLEDA BANK Plc Phnom Penh, Cambodia www.acledabank.com.kh Distribution of Credit (As at 31 st December, 2006) Agriculture4.3%Import4.1% Manufacturing11.8%Finance0.7% Construction7.8%Real Estate and Public Utilities 8.6% Wholesale and Retail 22.6%Services33.0% Export0.8%Others6.4%

5 ACLEDA BANK Plc Phnom Penh, Cambodia www.acledabank.com.kh F/X and currency controls US$ is the major currency (70%+) Full convertibility of the Riel/Stability of the local currency Multi-currency environment (THB, EUR, etc.) No restrictions on remittances or repatriation of funds

6 ACLEDA BANK Plc Phnom Penh, Cambodia www.acledabank.com.kh Future Developments (1) (1 – 5 years?) Electronic banking (credit cards, EFTPOS, phone banking, internet banking) Leasing Project Finance Life Insurance

7 ACLEDA BANK Plc Phnom Penh, Cambodia www.acledabank.com.kh Future Developments (2) (1 – 5 years?) Asset management/pension funds More international banks Stock exchange/capital markets

8 ACLEDA BANK Plc Phnom Penh, Cambodia www.acledabank.com.kh …..but progress is dependent on: Effective promulgation of laws: –Law on Secured Transactions –Leasing Law –Mortgage Law –Trust Law –Stock Exchange Law …….etc, etc

9 ACLEDA BANK Plc Phnom Penh, Cambodia www.acledabank.com.kh Thank you! Any questions?


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