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Most of Cambodia’s FDIs in recent years has been the area of construction and real estate. Heng Chivoan
Profiting or profiteering? A niggling question behind Cambodia’s banking growth
Thu, 24 December 2020
As the sector expands, allegations of financial institutions engaged in unconventional activities continue to show up like a bad debt
‘A lot of it involves their own project financing,” an industry player spoke in hushed tones over how the burgeoning banking sector sustains itself.
“Some banks are set up by large-scale foreign investors with billion dollar projects in Cambodia to channel their funds,” he said. “The banks also own equity in the projects, at times.”