National Bank of Cambodia

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1. Structure of the Banking SystemBy the end of 2011, the banking sector in Cambodia consisted of 31 commercial banksof which 22 local incorporated banks and 9 foreign bank branches, 7 specialized banksincluding one state owned bank, 32 licensed microfinance institutions where 7 eligible tocollect customer deposits, and 29 registered microfinance institutions. Under the bankinglaw, banking institutions in Cambodia are subject to the same regulatory and prudentialrequirements irrespective of their legal status as local incorporated banks or foreign bankbranches.2. Banking Sector PerformanceBanking sector grew significantly in 2011. Total assets increased by 24.39% from theprevious year, at the same time credit grew by 33%, or USD 1,085 million. This creditgrowth was made possible as a result of deposit growth of 20% or USD 880 million andgrowth in the capital base of 9.85% or USD 112 million. The level of intermediationincreased from 75% in 2010 to 83% in 2011. Total assets to gross domestic products (GDP)reached 63% in 2011 from 56% in 2010. Total credits and total deposits to GDP bothincreased to 34% and 41% respectively, from 28% and 37% previous year.Assets to GDP (Banks)In Million of USD14,00012,00010,0008,0006,0004,0002,000-6,2934,6565,31521% 22% 22%955 1,16922% 16% 1,35412%7,27526% 40%1,90277%10,337 10,3358,63148%39% 40%4,9964,1653,35924%20%11,34456%6,38728%12,67663%7,94524.39%90%80%70%60%50%40%30%20%10%0%2003 2004 2005 2006 2007 2008 2009 2010 2011Total assets GDP Growth of total assets Total assets to GDPIn term of outreach, performance in the banking sector presented substantial progress.Though the number of borrowers increased slightly by only 3% to 294,533 accounts, thenumber of depositors jumped by 19% reaching 1,266,412 accounts by the year end 2011.The number of branches network and service posts for banks increased by 7.1% in 2011to 421 offices in the country wide. Other platforms of modern banking services such asAutomate Teller Machine (ATM), Debit Card, and Credit Card also expanded rapidly.The number of ATM terminals rose by 17%, totaling of 588 terminals. New credit cards anddebit cards issued in 2011 increased by 53% to 21,364 cards, and 29% to 761,876 cardsrespectively compared to 2010. As of year end 2011, total number of money changerscountry wide was 1,296 of which 47 licensed money changers and 1,249 registeredcounters.- 1 -
Number of Debit and Credit Cards (Banks)Number of Depositors and Borrowers (Banks)800,000700,000600,000500,000400,000300,000200,000100,000-5,279 4,95336,013150,5469,146322,33910,576453,47114,003592,31721,364761,87625,00020,00015,00010,0005,000-Thousands1,4001,2001,000800600400200-149124286206145 1654561977002301,2661,067928263 286 2952006 2007 2008 2009 2010 20112004 2005 2006 2007 2008 2009 2010 2011Number of Debit cardNumber of Credit cardNumber of DepositorsNumber of Borrowers3. Operation in the Microfinance SectorCambodian Microfinance Sector continues to grow rapidly in term of number, size, andoperation, providing financial services to Small and Medium Enterprises as well as topeople in the remote area who do not have access to financial services fromcommercial banks. As of year end 2011, there are 32 licensed microfinance institutions,of which 7 are microfinance deposit taking institutions. This development is shownthrough the increase of total assets of the whole sector of 47.97% from KHR 2,051,484million (USD 506.16 million) at the end of 2010 to KHR 3,025,083 million (USD 748.97 million)at the end of 2011. Microfinance sector not only contributes to poverty reduction of thepoor in rural areas through microfinance services, but also provides job opportunities tomany Cambodian graduate students. As of December 2011 the total number of staffemployed in the microfinance sector was 9,744, of which 2,617 were women.Growth of Total Assets (MFIs)Share of Paid-up Capital (MFIs)Million of KHR3,500,0003,000,0002,500,0002,000,0001,500,0001,000,000500,00073%726,35887%1,524,9831,361,44912%35%2,051,48447%3,025,083100%90%80%70%60%50%40%30%20%10%120%100%80%60%40%20%27% 26% 23% 23% 23%73% 74% 77% 77% 77%-0%0%2007 2008 2009 2010 20112007 2008 2009 2010 2011Total AssetsAsset GrowthForeign ShareCambodian Share- 2 -
Page 2 and 3: ForewordIn 2011, many developed and
Page 4: CONTENTS1. Structure of the Banking
Page 9 and 10: 4.2 Supervisory DevelopmentAs the s
Page 11 and 12: Retail and wholesale sector capture
Page 13 and 14: Banks - Return on Assets and Return
Page 15 and 16: Appendix 1Data of Banks and Microfi
Page 17 and 18: Number of staffAs of December 31, 2
Page 19 and 20: SHARE OF PAID-UP CAPITALAs of Decem
Page 21 and 22: Table 6PERCENTAGE DISTRIBUTION OF A
Page 23 and 24: Table 8TotalLiabilitiesand EquityOw
Page 25 and 26: Table 10Commercial BanksNET PROFITS
Page 27 and 28: TOTAL DEPOSITS CLASSIFIED BY CUSTOM
Page 29 and 30: Table 14(millions of KHR)2011 2010
Page 31 and 32: Table 16LOANS AS PERCENTAGE OF DEPO
Page 33 and 34: Number of Offices of Micro Finance
Page 35 and 36: Table 20COMPARISION OF TOTAL ASSETS
Page 37 and 38: Table 22COMPARATIVE STATEMENT OF CO
Page 39 and 40: COMPARATIVE STATEMENT OF CONDITIONA
Page 41 and 42: PROFIT AND LOSS STATEMENTFor Year E
Page 43 and 44: Table 28COMPARISION OF TOTAL DEPOSI
Page 45 and 46: Table 30LOAN AND NON-PERFORMING LOA
Page 47 and 48: Table 32LOANS CLASSIFIED BY TYPE OF
Page 49 and 50: Head Office Address of Microfinance
Page 51 and 52: 23 Angkor ACE Star Credit# 99, Stre
Page 53 and 54: Nº BANKS' NAMEAppendix 2BRIEL AND
Page 55:
No. Name of Institution No. Name of
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National Bank of Cambodia

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