Loans and deposits at Cambodia's 32 micro-finance institutions and 4 NGOs, together with tiny loans from Acleda Bank, rose neatly final year compared with a year earlier.
Industry players say this is a outcome of the Kingdom's hurried mercantile alleviation and diplomatic stability.
Official information from the Cambodia Microfinance Association (CMA) shows the worth of loans excellent rose about 38 per cent to $890 million in 2012, compared with $644.6 million in 2011.
Total deposits reached $280 million, a way up of 144 per cent.
Bun Mony, the broad executive and chairperson of Sathapana Ltd and chairperson of CMA, told the Post final week the hurried expansion of credit had primarily resulted from an enlarge in the number of new businesses and mercantile wake up generally.
"We have diplomatic stability, that pushes the alleviation of the economy; that's why there was a outrageous urge for business loans," Mony said.
"We moreover suffer the certitude of depositors " that's why the deposits rose sharply."
Mony mentioned the worth of CMA's excellent loans had risen 30 per cent to $122 million and deposits had increased by 72 per cent to $67 million from $38.9 million in 2011.
Sim Senacheert, boss and arch executive of PRASAC Microfinance Institution, mentioned its loan portfolio had increased 42 per cent from $151 million to more than $214 million between December, 2011 and December, 2012.
There had moreover been an enlarge in personal loans and in the SME sector, he said.
PRASAC's deposits had increased by 850 per cent, from $5.9 million to $56.7 million, during the 12 months to the finish of 2012, Senacheert said.
"We offer the customers aggressive conditions and rates," he said. "Our customers can deposition and back out at more than 100 offices nation-wide, quite by the new ATM services."
Amret Limited broad executive Chea Phalarin mentioned the worth of loans excellent had risen 48 per cent to $148 million, and deposits had roughly doubled to $83 million.
"Given the alleviation in the economy, you still have a lot of room for expansion with the loans," Phalarin said.
Loans had risen neatly during the fourth entertain of final year since urge from farmers who had hold off borrowing allowance in the third entertain because they were disturbed about flooding, he said.
In early January, the International Monetary Fund highlighted Cambodia's high made at home credit growth, that the IMF deliberate a risk, but officials and attention insiders lifted no concerns about it final week.
The rate of non-performing loans final year was 0.28 per cent, a tiny way up from 0.2 per cent a year earlier, according to CMA data.
"Although the proportion of non-performing loans increased slightly, it's not a regard yet," Sinacheert said.
"It is approaching the portfolio will sojourn sound because clients' businesses are great and the doing of the Credit Bureau will stop over-indebtedness by clients."
Ngoun Sokha, director-general of the National Bank of Cambodia, mentioned the NBC had taken action against the hurried expansion of credit by raising the haven necessity final year and gap the Credit Bureau.