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Despite the ripple effects of the COVID-19 pandemic, the banking sector has withstood the tough times, the 2020 Banking Supervision Report from the Bank of Botswana has revealed. The report notes that the sector remained sound, profitable, adequately capitalized, and liquid. Moreover, it is reported that no bank violated either prudential or statutory limits during […]
CBK data shows that about 204,802 MSMEs failed to service their loans for more than three months, weighed down by Covid-19 containment measures.
Share Reeling in Cambodia’s real estate sector Thu, 14 January 2021 A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the scene of the market complex where local wares entice shoppers is colourful and vibrant. Just before it lies its former extension, now occupied by an abandoned massive mixed development project that looms above the market din. The $250 million Sino Plaza, once prophesied as the large...
Share 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 Cambo...