National Bank of Cambodia

ព្រឹត្តិបព្ត្ព្បច ាំព្ត្ីមាសលេខ ៣៦ព្ត្ីមាសទី២ ឆ្ន ាំ២០១១ecjpSaytamRbkaselx F1-02-126 Rb>k cuHéfTI02 Exemsa qñaM2002

³ ២២-២៤³ ២៥³ (៨៥៥) ២៣ ៧២២ ៥៦៣³ (៨៥៥) ២៣ ៤២៦ ១១៧³ www.nbc.org.khPublished byNational Bank of CambodiaAddress : 22-24 Preah Norodom Blvd.Phnom Penh, CambodiaP.O.BOX : 25Phone : (855) 23 722 563FAX : (855) 23 426 117Website : www.nbc.org.khReview Commission- H.E. Tha Yao Chairman- H.E. Dr.Sum Sannisith Chief Editor

!២០១១េ េ មាសទមទាបត្តិងឆ្ន ាំ២០១០ វ ិបត្ត្តិបត្ាំណុ សាធាាណៈគាេរបត្ខ ី ពុួយចាំមួម មិ្ពុមភារ ជី់េ ជាំខមឿ ុ្ចិត្តាបត្ី់អ្ន្វ ិមិខោគមិងអ្ន្ខរបត្ើរាី់ េ ខររជោះាពុមតិត្ិ ។ា៉ា ម់សាម ម េ (IMF)េ ាមបត្ង្ហា ញថាេ ាមេថយចុោះរី ៥,១% ខៅឆ្ន ាំ២០១០េ ពុ្េ ៤%២០១១ ខមោះេ ្ន ុងខគាោះេរបត្ខ ីអ្ភិវឌ្ឍម៍េ ដូចតិីហាដឋអាខពុា ិ្ េ១,៥%េ េ១,៦%េ ណៈដដ ពុូ ដ្ឋឋ មចច េ ចិមមាសទមអ្រា្ាំខណើ មេ ៩,៤%េ ឥណ្ឌា េ៧,៨%េមិង អាសា៊ា មាាំរាាំេ៥,៣%េជបត្៉ា ុម េ-០,៥% េ។ចាំខោះរបត្ខ ី្ពុជ ុតិឆ្ន ាំ២០១១េ ាមបត្ង្ហា ញ ធផ គួា្ត្់ីមាសទា ់េ ខដ្ឋយសាថ មភារមាសទ៉ា រ្េខីដឋ្ិចចេា្ាីថ ិាភារោ៉ា ង អរបត្ខីើា ខទាោះបត្ីតិមាសទមផ បត្៉ាោះ ់រីខររជោះ ឹ្ជាំមម់ខៅត្ាំបត្ម់ លោះ្តី េ។េ រ្បត្ ័ណា កមកាារគបត្់រគងមិងអ្មុវត្តមខោាយសាាខរើរមធមិងាូបត្ិយវត្ថ ុីពុរីបត្េ ខីដឋ្ិចច្ពុជ ុតិមាសទម្ាំខណើ ម េ ៦,៤%េ កាាា ី្ចខរពុើមកម ១,៤%១៤,១%េ( កាត្់ខដាេ២១%)េ មិង ៥%្ន ុងគាពុតិត្ិីាំខៅចាំដណ្េ ២០១១ ពុាយពុរបត្ចាំឆ្ន ាំ េ ៥,៥% រា្់ខាៀ ាមខ ើងកថលេ ៣,៧%េ ខាៀបត្មឹងឆ្ន ាំពុុមេ កាាខ្ើមខ ើងកមត្រពុេវកាារា្់ខាៀ្ន ុងី្ពុមភារខីដឋ្ិ ចមិង្ាំខណើ ម ាំហូាចូវ ិមិខោគផ្ទទ ់បត្ាខ ីមាសទម ាំហាំរបត្មាសទណេ ៦៩២េ លាមដុលាល ាអាខពុា ិ្កមខដើពុ ុមពុ្្ន ុងរបត្ខ ីេ ្ន ុងខគាោះេ តិាួពុេ ្ន ុងអ្ាំុងពុួយ ីវត្សាខមោះេ៍អ្រាបត្ត ូារា្់ខាៀ ខាៀបត្មឹងរា្់ដុលាល ា មាសទមីថ ិាភារ អរបត្ខីើាេ ដដ ាមាួពុចាំដណ្ររងឹងជាំខមឿ ុ្ចិត្តាបត្ី់សាធាាណជមខ ើរបត្រ័មធាគារជាមិងខីដឋ្ិចចតិត្ិេ។បត្ចច ុបត្បមនេវ ិី័យាគារជាខៅ្ពុជ ុតិមាសទមកាាអ្ភិវឌ្ឍតិ ាំដ្ឋបត្់េ វ ិសា ភារមិង ។ររឹត្តិបត្រត្ាគារជាតិត្ិកម្ពុជ ុតិេខ ៣៦េរត្ីមាសទី ី២េឆ្ន ាំ២០១១ iNational Bank of Cambodia Review No.36, 2 nd Quarter 2011

ជខៅឆ្ន ាំ២០១១េ ខមោះេ ាគារជាបត្ាខ ីខ្នន ត្អ្មតាតិត្ិចាំមួមេ ៣េ ាម ួ អាតិា បត្័ ណ ខាវើរបត្ត្ិបត្ត្តិកាាាគារជា។ បត្ ញសាខ្នាបត្ី់រគឹោះសាថ មាគារជាាមខ្ើមខ ើងរីេ៣៦១េខៅឆ្ន ាំេ២០១០េដ ់េ៤០៧េខៅឆ្ន ាំ២០១១ ។េ រា្់បត្ខ្ញើ្ន ុងរបត្រ័មធាគារជា ចាំខ ោះវ ិី័យឯ្ជមាមខ្ើម ២០%េ មិង ២៨%េ ខាៀបត្ឆ្ន ាំ២០១០េ ខហើយវ ិី័យដដ្ាំខណើ មឥណទាម ជី់តិងខគេ គឺ្ីិ្ពុមេ ៥៤%េ ឧីាហ្ពុមេ៣៧% មិងីាំណង់េ ៣៦% ។េ ធផ ខមោះ កាាយ្ចិត្ត ុ្ដ្ឋ្់កម ាគារជា្ន ុងកាាខ ើ្្ពុជី់វ ិី័យ្ីិ្ពុមរីបត្ាពុកាាចងអ ុ ិីដ៏រត្ឹពុរត្េវាបត្ី់ ាដ្ឋឋ ភិា ។េ២៨,៦%៨៧% ៣,៣% េ ្ពុមវ ិាីបត្ខងកើមខដើពុ ុមអ្បត្បបត្ាមាសទចាំខោះរគឹោះសាថ មាគារជា្៏រត្េវាមបត្្ច បត្់ខដ្ឋយខតិគជ័យេ។ខៅ្ន ុងឆ្ន ាំ២០១១ខមោះេេ២៥េ ដ វ ិចឆិកាេ ឆ្ន ាំ២០១១ ឯ ” ស្រ ឆ្ន ាំ២០១១-២០២០” េវ ប េ“ ស្រ ឆ្ន ាំ២០០៦-២០១៥” ឯ ស្ររ្ប តិពុូ ដ្ឋឋ ម្ន ុងកាាបត្មតអ្ភិវឌ្ឍវ ិី័យហិា្ញ វត្ថ ុ្ពុជ ុតិ រីបត្ាពុកាាា ី្ចខរពុើមកមខីដឋ្ិចចតិត្ិមិងត្ាំបត្ម់។បត្មតររងឹងមិងអ្ភិវឌ្ឍរបត្រ័មធាគារជារបត្ររឹត្តខៅខដ្ឋយា ូមេ មិងីុវត្ថិភារេ ាពុាយៈកាា កាារត្ួត្រិមិត្យមិងរ្បត្ ័ណា បត្ បត្ប្ញ ត្តិគាគាេ ។េ មទឹពុខមោះេ ្៏មាសទមកាា មិងមាសទមបត្ណ្ឌត ញខីវា ដ ់ជមបត្ េ េ វ ិី័យខមោះាមខដើាត្ួគា ី ្ន ុងកាាាួពុចាំដណ្កាត្់បត្មថយភាររ្ីរ្ាបត្ី់រាជាដ្ឋឋ ភិាេ ។ ឥណទាមពុីរ្េហិា្ញ វត្ថ ុាមខ្ើម ដ ់េ ២.២៩៧េ ម់លាមខាៀ៣៣% េ ណៈចាំមួមអ្ត្ិថិជមាមខ្ើម ដ ់ ១ គា្់េ។ាមខាវើតិមាសទច ី់ផទោះខាៀបត្ចាំ្ិចចរបត្ជុាំ ៤ថាន ្់ ៊ា ីមាសទហាណ្ពុមវ ិី័យហិា្ញ វត្ថ ុេ ្ិចចរបត្ជុាំរបត្ចាំឆ្ន ាំថាន ្់គាយ្របត្ត្ិបត្ត្តិសា៊ា ីិមខ ើ្ ី៩េ មិង្ិចចរបត្ជុាំថាន ្់ខ សាភិា ាគារជា្ណ្ឌត កមរ្ុពុរបត្ខ ីេ មិោយភាសាារាាំងេ(ស្រ វ វ ) ខ ើ្ ី១៨េ។ស្រឯសូមអរគុណ!ររឹត្តិបត្រត្ាគារជាតិត្ិកម្ពុជ ុតិេខ ៣៦េរត្ីមាសទី ី២េឆ្ន ាំ២០១១ iiNational Bank of Cambodia Review No.36, 2 nd Quarter 2011

‣ ...................................................................................................................... i-ii‣ឆមាសទី១ឆមាសទី២ ...........................................‣ឆមាសទី១ឆមាសទី២ .......................................... ១‣ ររកាស សត ីពីការចេញផ្សាយមូលរររអាេជួញដូរបាន ចោយ......................................................................................................................... ២០‣ ររកាស សត ីពីការអនុវរតការររួរពិនិរយចលើមូលោា នហានិភ័យ និង ទសសនៈអនាគរ.............................................................................................................................. ៣២‣ វិររតិរំណុ លសាធារណៈររចទសររិេ និងឥទធិពលររស់វាចៅចលើចសដារិេចពិភពចោរ................................................................................................................ ៣៦‣ ................................................................................... ៤៤‣ ....................................................... ៤៥‣ ..................................................... ៤៧‣ ................................................. ៤៩‣ រញ្ជ ីច្ម ោះ ............. ៧៦‣ ................................................................................ ៧៨‣ ............................................ ៨០-៩៨

៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 20111




































វិបត្តិបំណុ លសាធារណៈប្បទេសប្រិចនិងឥេធិពលរបស់វាទៅទលើទសដ្ឋរិ ចពិភពទោរវ ិបត្តិបំណុ លសាធារណៈនៅក្ន ុងរបនេសរក្ិចបានបងកបញ្ហា នៅក្ន ុងេីផារហិរញ្ញ វត្ថ ុពិភពនោក្ ចាប់តំងពីចុងឆ្ន ំ២០០៩ ។ នៅក្ន ុងខែឧសភា ឆ្ន ំ២០១០ របនេសរក្ិចបានក្លល យជារបនេសេីមួយក្ន ុងត្ំបន់អឺរ ុប ខដលនសន ើសុំជំនួយហិរញ្ញ វត្ថ ុពីសហគមន៍អឺរ ុប និងពីមូលនិធិរូបិយវត្ថ ុអនតរជាត្ិ (EU/IMF) ខដលមានត្ម្មលដល់នៅ ១១០ពាន់ោនអឺរ ូ ។ ន ោះបីជាក្ញ្ច ប់ថវ ិក្លសនគ្គ ោះបានដាក្់អស់រយៈនពលជាងមួយឆ្ន ំនៅហីយក្៏នដាយ ក្៏បំណុ លសាធារណៈរបស់របនេសរក្ិចនៅខត្មិនន់បាននដាោះរសាយនចញនៅនឡើយ ។ នដាយសារ េី១)ក្លរនក្ើននឡើងម្នអរតក្លររបាក្់សញ្ហញ ប័ ណ រដាា ភិបាល ខដលមានរយៈនពល២ឆ្ន ំនលើសពី ៣០០ពិនទ ុនោល េី២)ក្លរបនតេមាល ក្់ចំណាត្់ថ្នន ក្់ម្នមូលបរត្រដាា ភិបាលដល់ក្រមិត្នរក្លមចំណាត្់ថ្នន ក្់វ ិនិនោគ ន ោះឋិត្នរក្លមក្មមវ ិធីជំនួយ EU/IMFនិង េី៣) ក្លរនក្ើននឡើងម្នសវប់ឥណន (CDS) របស់របនេសរក្ិចដល់អរតែពស់បំផុត្ ២៣,៥% (គិត្រត្ឹមម្ថៃេី ១៤ ខែក្ក្កដា ឆ្ន ំ២០១១) ខដលបានប្ា ញថ្ន ភាពខដលមិនអាចសងបំណុ លបានរបស់របនេសរក្ិចមានក្រមិត្ ៨៧% ក្ន ុងរយៈនពល៥ឆ្ន ំខាងមុែ ។ បញ្ហា សំខាន់បំផុត្គឺ វ ិបត្តិនៅរបនេសរក្ិចបានរ ីក្រាលដាលនៅក្លន់របនេសនផេងនេៀត្ដូចជា របនេសនអៀឡង់និងព័រេុយហ្គគ ល់ខដលបាននសន ើសុំជំនួយហិរញ្ញ វត្ថ ុពីសហគមន៍អឺរ ុបនិងមូលនិធិរូបិយវត្ថ ុអនតរជាត្ិនៅក្ន ុងខែវ ិចឆិក្ល ឆ្ន ំ២០១០ និងខែនមសា ឆ្ន ំ២០១១ ជាបនតបន្ទទ ប់ ។ បញ្ហា បំណុ លសាធារណៈននោះពិភពនោក្ ។បានក្លល យជាហ្គនិភ័យដ៏គួរឲ្យក្ត្់សមាគ ល់ចំនពាោះេីផារហិរញ្ញ វត្ថ ុនិងក្លរនងើបនឡើងម្ននសដាក្ិចចមូលនហត្ុម្នវ ិបត្តិបំណុ លរបស់របនេសរក្ិចបំណុ លសាធារណៈសថ ិត្ក្ន ុងក្រមិត្ែពស់ជាងធមមតចាប់តំងពីឆ្ន ំ១៩៨៩ នហើយរត្ឹមចុងឆ្ន ំ២០១០បំណុ លមានចំនួន ៣២៩ ពាន់ោនអឺរ ូ ឬ នសម ើនឹង ១៤៨,២% ម្នផលិត្ផលក្ន ុងរសុក្សរុប ។ ផលនធៀបដ៏ែពស់រវាងបំណុ លសាធារណៈ និងផលិត្ផលក្ន ុងរសុក្សរុបននោះ គឺមានក្រមិត្ែពស់ជាងក្រមិត្អបបបរមា (threshold)ខដលបានក្ំណត្់នដាយសនធិសញ្ហញ Maastricht ខដលខចងថ្ន បំណុ លសាធារណៈរបស់របនេសសមាជិក្មិនរត្ូវនលើសពី ៦០% ម្នផលិត្ផលក្ន ុងរសុក្សរុបនឡើយ ។ របនេសរក្ិចធាល ប់ជួបរបេោះឱនភាពថវ ិក្លោងខាល ំងខដលមានចំនួន ១០,៥% ម្នផលិត្ផលក្ន ុងរសុក្សរុបនៅចុងឆ្ន ំ២០១០ ខដលែពស់ជាងក្រមិត្មធយមម្នត្ំបន់អឺរ ុបគឺ ៦% និងជាក្រមិត្ែពស់ជាងនគក្ន ុងពិភពនោក្ ។វ ិបត្តិបំណុ លសាធារណៈនៅក្ន ុងរបនេសរក្ិច ជាមូលដាា នបណាត លមក្ពីក្ ត បួនរួមមាន៖ក្ ត េីមួយ គឺក្ងវោះខាត្ក្លររត្ួត្ពិនិត្យខផនក្សារនពើពនធនដាយសារនោលននោបាយសុែុមាលភាពរបជាជនដូចជា របាក្់បខនថមបីដងក្ន ុងមួយឆ្ន ំ និងអាយុចូលនិវត្តន៍ ៥០ឆ្ន ំ ខដល បជាងអាយុមធយមអនតរជាត្ិនហើយអត្ថរបនោជន៍នសាធននិវត្តន៍មិនសុីោន នឹងអាយុក្លល ។ នោលននោបាយខបបននោះ បានន្ទំឲ្យចំណាយសាធារណៈ ជាពិនសស ចំណាយនៅនលើរបាក្់នបៀវត្េ របាក្់នសាធននិវត្តន៍ ឧបត្ថមភធនចាស់ជរានិងរបាក្់ឧបត្ថមភសរមាប់និក្មមភាពមានចំនួននលើសពី ៧៥% ម្នចំណាយសាធារណៈរបស់រក្ិច ។៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201137

ក្ ត េីពីរ គឺភាពមិនសុីោន រវាងចំណូ លនិងចំណាយរបស់រដាា ភិបាល ។ ចំណាយសាធារណៈរបស់របនេសរក្ិច (មិនរាប់បញ្ច ូ លចំណាយក្លររបាក្់) មានចំនួន ៣២% ម្នផលិត្ផលក្ន ុងរសុក្សរុប ែណៈខដលចំណូ លថវ ិក្លរដា (មិនរាប់បញ្ច ូ លវ ិភាគ នសនតិសុែសងគម) មានរត្ឹមខត្ ២០% ប ុនណាណ ោះ ។ ភាពែុសខបលក្ោន ននោះ មួយចំខណក្ គឺបណាត លមក្ពីអរបសិេធភាពម្នក្លររបមូលពនធក្៏ដូចជាក្លរនគចពនធរបស់បុគគល ខដលមានចំណូ លែពស់ខដលជានហត្ុនធវើឲ្យមានឱនភាពថវ ិក្ល ។ របនេសរក្ិចរត្ូវបង់ក្លររបាក្់នរចើននដាយសារចំនួនក្មចីនរចើនពីេីផារហិរញ្ញ វត្ថ ុក្ន ុងអំឡ ុ ងនពល១០ឆ្ន ំមក្ននោះ ។ ក្ន ុងន្ទមជាសមាជិក្ម្នសហគមន៍អឺរ ុបក្៏ជាក្ ត មួយខដលជំរុញឲ្យរបនេសរក្ិចែចីក្ន ុងអរតក្លររបាក្់ប ។ អរតក្លររបាក្់រយៈនពលខវងរបស់រក្ិចនិងអរតក្លររបាក្់សញ្ហញ ប័ ណ របស់រដាា ភិបាលបានធាល ក្់ចុោះគួរឲ្យក្ត្់សមាគ ល់ បន្ទទ ប់ពីរក្ិចបានក្លល យជាសមាជិក្មួយរបស់សហគមន៍អឺរ ុប ។% to GDP បំណុ លសាធារណៈនិងឱនភាពសារទពើពនធទ ៀបនឹង GDP % to GDP150100500142.810.532.496.2 939.1Public debt to GDPFiscal deficits to GDPGreece Ireland Portugal Spain Italy609.21194.635302520151050ក្ ត េីបី ភាពរបក្ួត្របខជងរបស់រក្ិចក្ំពុងធាល ក្់ចុោះនដាយសាររបនេសនផេងនេៀត្ក្ន ុងសហគមន៍អឺរ ុប។ក្រមិត្របក្ួត្របខជងរបស់រក្ិចបានធាល ក្់ចុោះនលើសពី ២៥% ចាប់តំងពីែល ួនបានចូលជាសមាជិក្សហគមន៍អឺរ ុបនៅឆ្ន ំ២០០០ ។ ម្ថលឈន ួលពលក្មមធយម និងម្ថលពលក្ មួយឯក្តនៅរបនេសរក្ិចែពស់ជាងរបនេសជាម្ដគូនៅត្ំបន់អឺរ ុប ។ ំងននោះគឺជាឧបសគគចមបងមួយចំនពាោះក្ំនណើ ននសដាក្ិចចខដលជោះឥេធិពលមិនលអនលើចំណូ លពនធ ។ចំណុ ចចុងនរក្លយ គឺក្ន ុងអំឡ ុ ងនពលវ ិបត្តិហិរញ្ញ វត្ថ ុសក្លឆ្ន ំ២០០៨ រដាា ភិបាលរក្ិចបាននធវើក្លរចំណាយជានរចើននដើមបីជំរុញនសដាក្ិចចខដលន្ទំឲ្យមានបនទ ុក្ហិរញ្ញ វត្ថ ុដ៏ធំ និងក្លរបាត្់បង់ជំននឿេុក្ចិត្តរបស់វ ិនិនោគិននលើលេធភាពសងបំណុ លរបស់រដាា ភិបាល ។ ចាប់តំងពីចុងឆ្ន ំ២០០៩ ប័ ណ បំណុ លសាធារណៈរបស់រក្ិចរត្ូវបានធាល ក្់ចំណាត្់ថ្នន ក្់ជាបនតបន្ទទ ប់រហូត្សថ ិត្នរក្លមចំណាត្់ថ្នន ក្់វ ិនិនោគ ខដលបនងកើនចំណាយក្លររបាក្់ (financing cost) និងបនថយលេធភាពសងបំណុ ល ។ដំនណាោះរសាយរបស់សហគមន៍អឺរ ុបនិងមូលនិធិរូបិយវត្ថ ុអនតរជាត្ិ បានន ត ត្ជាសំខាន់នៅនលើហ្គនិភ័យសាច់របាក្់្យរសួលនៅក្ន ុងរយៈនពលមធយម ។ ក្ន ុងចនន្ទល ោះនពលពីបចច ុបបននៅឆ្ន ំ២០១៤ បន្ទទ ប់ពីនពលខដលែល ួនរត្ូវបនងកើនមូលនិធិពីេីផារហិរញ្ញ វត្ថ ុមតងនេៀត្ របនេសរក្ិចរត្ូវបានរ ំពឹងថ្ននឹងនធវើរចន្ទសមព័នធនសដាក្ិចចជាថមីនរក្លមលក្ខែណឌ ថវ ិក្លសនគ្គ ោះ (bailout conditionality) នដាយក្លរអនុវត្តវ ិធានក្លរហិរញ្ញ វត្ថ ុត្ឹងរុ ឹង (fiscal austerity measures) រួមមានក្លរក្លត្់បនថយចំណាយសាធារណៈនិងបនងកើនចំណូ ល នដើមបីបនថយឱនភាពហិរញ្ញ វត្ថ ុ ។ នោះជាោងណាភាពអាចនជឿជាក្់បាននលើក្មមវ ិធីននោះរត្ូវបាននចាេសួរ ជាពិនសសនៅ៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201138

នពលរបនេសរក្ិចមិនអាចេេួលយក្លក្ខែណឌ របស់សហគមន៍អឺរ ុបឬមូលនិធិរូបិយវត្ថ ុអនតរជាត្ិ នដាយសារនសដាក្ិចចបានធាល ក្់ចុោះ ៤,៥% នដាយត្រមូវក្លរក្ន ុងរសុក្ធាល ក្់ចុោះ ។ ក្ញ្ច ប់ថវ ិក្ល (financial package) ខដលជាដំបូងរ ំពឹងថ្ននឹងបញ្ច ប់នៅចុងឆ្ន ំ២០១៣ រត្ូវបានពនារនៅមួយឆ្ន ំនេៀត្ ។ នលើសពីននោះ នដាយសារចំណូ លពីប័ណ្ណបំណុ លរដាា ភិបាល រយៈនពល២ឆ្ន ំនក្ើននឡើងគួរឲ្យក្ត្់សមាគ ល់ រក្ិចរត្ូវខត្នរបើថវ ិក្លសនគ្គ ោះមតងនេៀត្នដាយមិនអាចនចៀសបាន។ក្ន ុងភាពជាត្ំបន់អឺរ ុប របនេសជាសមាជិក្ក្លរពារក្លរធាល ក្់ម្ថលម្នរូបិយវត្ថ ុរបស់ែល ួនតមក្លរអនុវត្តជាេូនៅរបស់របនេសខដលេេួលបានជំនួយពីមូលនិធិរូបិយវត្ថ ុអនតរជាត្ិ ។ ជាលេធផល ចំណូ លជារូបិយប័ ណ របស់រក្ិច ខដលេេួលបានមួយខផនក្ធំពីវ ិស័យនេសចរណ៍ និងក្លរដឹក្ជញ្ជ ូ ននជើងនោក្ នជើងេឹក្ នជើងអាក្លសមិនបាននក្ើននឡើងនរចើននេ ។ វ ិនិនោគិនក្៏បាននចាេសួរផងខដរអំពីលេធភាពសងបំណុ លរបស់រក្ិច ចំនពាោះក្លរពនារនពលក្ំខណេរមង់ហិរញ្ញ វត្ថ ុ ។ថមីៗនេននោះ មានសំនណើ មួយអំពីក្លរចូលរួមពីសំណាក្់វ ិស័យឯក្ជននៅក្ន ុងក្លរខចក្រ ំខលក្បនទ ុក្ែលោះតមរយៈក្លរបនតជាថមីម្នប័ ណ បំណុ លរបនេសរក្ិច (rollover of Greek bonds) ។ ន ោះជាោងណាអនក្វ ិភាគជានរចើនចាត្់េុក្សំនណើ ននោះ រោន់ខត្ជាក្លរនធវើនឡើងរបស់រក្ិចនដើមបីេេួលបាននពលនវោបខនថម នហើយមិនបនងកើត្ដំនណាោះរសាយអវីនឡើយ ។ ជាងននោះនៅនេៀត្ សំនណើ ននោះអាចចាត្់េុក្ជាក្ំហុសបន ចក្នេសនដាយភាន ក្់្រផតល់ចំណាត្់ថ្នន ក្់ឥណ ននិងអាចមានឥេធិពលបនងកើត្នូវវ ិបត្តិបំណុ លមួយនផេងនេៀត្ ។ពាន់ោនUSDតរាង១: បំណុ លបរនេសរបស់ធន្ទោរពាណិ ជជ ចុងខែធន ូ ឆ្ន ំ២០១០របនេសផតល់ឥណអា ល ឺម ង់ បារាំង អង់នគលស ហូឡង់ អានមរ ិក្ ខប៊ែលសុិច សរុបព័រេុយហ្គគ ល ៣៦,៤ ២៦,៩ ២៤,៣ ៦,៥ ៥,២ ៣,៥ ១០៣,០នអៀរឡង់ ១១៨,២ ២៩,៦ ១៣៥,២ ១៦,៧ 50.9 ២៥,៤ ៣៧៦,១អុីតលី ៣៦,៤ ២៦,៩ ៦៦,៤ ៤៥,៣ 36.7 ២៥,៨ ៧២៩,១រក្ិច ៣៤,០ ៥៦,៧ ១៤,១ ៥,០ ៧,៣ ១,៩ ១១០,០នអសប ញ ១៨១,៩ ១៤០,៦ ១០៧,២ ៧៦,៩ 47.2 ២១,៥ ៥៧៥,៣PIIGS ៥៣២,៧ ៦៤៦,៥ ៣៤៧,២ ១៥០,៥ 147.5 ៧៨,២ ១.៩០២,៦ក្ំណត្់សមាគ ល់ ៖ - PIIGS = ព័រេុយហ្គគ ល់ នអៀឡង់ អុីតលី រក្ិច និងនអសប ញនឥេធិពលខដលអាចនក្ើត្មានចំនពាោះនសដាក្ិចចសក្លនោក្វ ិបត្តិបំណុ លរបស់របនេសរក្ិចបានជោះឥេធិពលនដាយតទ ល់នៅនលើរបជាជនរក្ិច ជាពិនសសតមរយៈវ ិធានក្លររ ឹត្បនតឹងសារនពើពនធ ។ ន ោះបីជាមានសាថ ប័នជានរចើនែិត្ែំរបឹងខរបងក្ន ុងក្លរខសវងរក្ដំនណាោះរសាយមួយដ៏សមរសប ប ុខនតរបសិននបើដំនណាោះរសាយនន្ទោះមិនមានចីរភាពនេ វ ិបត្តិននោះអាចនឹងជោះឥេធិពលោងខាល ំងនៅនលើេីផារហិរញ្ញ វត្ថ ុសក្លនិងនៅេីបញ្ច ប់អាចប ោះពាល់ដល់នសដាក្ិចចពិភពនោក្តមរយៈចំណុ ចដូចខាងនរក្លម ៖៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201139

ជំននឿេុក្ចិត្តរបស់អនក្វ ិនិនោគ ៖ ក្លរនធវើសវប់ម្នហ្គនិភ័យឥណ ន (Credit default swap) ម្នPIIGS នក្ើននឡើងគួរឲ្យក្ត្់សមាគ ល់នៅក្ន ុងអំឡ ុ ងនពល ២ខែចុងនរក្លយ ខដលនធវើឲ្យម្ថលហិរញ្ញ បប នម្នរបនេសខដលមានក្លរអភិវឌឍត្ិចត្ួចនក្ើននឡើង ។ ក្លរនឡើងម្ថលម្នក្មចីជោះឥេធិពលអវ ិជជមានដល់លេធភាពក្ន ុងក្លរសងនហើយ អាចន្ទំឲ្យមានក្លរែក្ខានដល់ក្លរសងបំណុ ល ។េីផារហិរញ្ញ វត្ថ ុ ៖ ក្លររបឈមជាមួយបំណុ លរបស់របនេសរក្ិចម្នធន្ទោរពាណិ ជជនៅក្ន ុងរបនេសបារាំង និងអាលល ឺម ង់ក្ន ុងរូបភាពជាឥណនបរនេសនៅក្លន់វ ិស័យឯក្ជន និងសាធារណៈមានចំនួន សរុបរបមាណ ៥៧ ពាន់ោនដុោល រអានមរ ិក្ និង ៣៤ ពាន់ោនដុោល រអានមរ ិក្នរៀងោន ខដលនសម ើនឹង ១,៨% និង១,២% ម្នឥណ នបរនេសសរុប ។ របសិននបើរបនេសរក្ិចមិនអាចសងបំណុ លបាននេ ធន្ទោរពាណិ ជជំងនន្ទោះនឹងអាចជួបរបេោះនូវក្លរបាត្់បង់មូលធន នហើយរបសិននបើបញ្ហា ននោះរ ីក្រាលដាលដល់របនេស PIIGSភាពផុយរសួយម្នបំណុ ល (Credit Crunch) អាចនឹងនក្ើត្មាននឡើង ។ ជាងននោះនៅនេៀត្ សញ្ហញ ប័ ណ របស់រក្ិចភាគនរចើនរត្ូវបាននចញផាយនៅនរក្លមចបប់របស់រក្ិច ខដលនធវើឲ្យវ ិនិនោគិនបរនេសមានក្លរលំបាក្ក្ន ុងក្លររបំណុ ល ។% ម្នក្លរន្ទំនចញសរុបEA-16EU-27តរាង២ : សមាសភាគម្នក្លរន្ទំនចញរបនេសន្ទំនចញអានមរ ិក្ជប ុនចិនAsia-7Worldរក្ិច 0.9 0.9 0.1 0.2 0.3 0.3 0.6ព័រេុយហ្គគ ល់ 1.3 1.1 0.2 0.1 0.2 0.1 0.6នអសប ញ 4.7 4.3 0.9 0.6 1.5 0.9 2.6PIIGS 13.0 12.9 3.2 1.9 4.1 2.5 7.8EA-16 57.9 51.4 16.0 10.8 15.6 9.0 29.3EU-27 66.5 66.8 21.2 14.1 20.5 12.6 38.1ក្ំណត្់សមាគ ល់ ៖ - PIIGS = ព័រេុយហ្គគ ល់ នអៀឡង់ អុីតលី រក្ិច និងនអសប ញ -Asia-7= ម្ត្វា ន់ ម្ថ ក្ូនរ ខាងត្ប ូ ង ឥណត ូ ននសុី ហវ ីលីពីន ហុងក្ុង និងសឹងាបុរីពាណិ ជជក្មម ៖ របសិននបើបញ្ហា ននោះសថ ិត្នៅក្ន ុង PIIGS ឥេធិពលនៅនលើនសដាក្ិចចសក្លរត្ូវបានរ ំពឹងថ្ននៅមានក្រមិត្ នដាយសារខត្ក្លរន្ទំនចញនៅក្លន់របនេសខដលមានក្លរអភិវឌឍត្ិចត្ួចមានរត្ឹមខត្ ៨% ម្នក្លរន្ទំនចញពិភពនោក្ នោះបីជាពាណិ ជជក្មមនៅក្ន ុងត្ំបន់សហគមន៍អឺរ ុបេេួលឥេធិពលខាល ំងជាងនដាយសារខត្ក្លរន្ទំនចញនៅ PIIGS មានចំនួន ១៣% ម្នក្លរន្ទំនចញសរុបក្ន ុងសហគមន៍អឺរ ុបក្៏នដាយ ។ របសិននបើរបនេសឧសាហក្មមធំៗនេរត្ូវបានប ោះពាល់ ឥេធិពលនៅនលើនសដាក្ិចចសក្លនឹងមានភាពធៃន់ធៃរ នរពាោះេីផារអឺរ ុបមានេំហំនសម ើនឹង ១/៣ ម្នេីផារសក្ល ។ នហត្ុដូនចនោះ វ ិបត្តិបំណុ លនៅរបនេសរក្ិចបងកឲ្យមានហ្គនិភ័យចំនពាោះនសដាក្ិចចសក្ល និងេីផារហិរញ្ញ វត្ថ ុពិភពនោក្ របសិននបើោម នដំនណាោះរសាយចបស់ោស់ ។ចំនពាោះរបនេសម្ថវ ិញ ឥេធិពលនៅនលើនសដាក្ិចចម្ថរត្ូវបានសនមត្ថ្នមានក្រមិត្ នដាយសារខត្ឥណ នហិរញ្ញ វត្ថ ុរបស់វ ិនិនោគិនម្ថ និងរបស់សាថ ប័នហិរញ្ញ វត្ថ ុនៅក្ន ុងនសដាក្ិចចអឺរ ុបមានក្រមិត្ត្ិចត្ួច ។ តមរយៈពាណិ ជជក្មម ឥេធិពលននោះក្៏នៅមានក្រមិត្ បខដរ នដាយសារខត្ក្លរន្ទំនចញរបស់របនេសម្ថនៅក្លន់ PIIGSមានចំនួន ១,៨% ម្នក្លរន្ទំនចញសរុបរបស់ម្ថ ។ ន ោះបីជាោងណាក្៏នដាយនសដាក្ិចចម្ថនឹងេេួលឥេធិពល៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201140

នដាយរបនោលពីក្លរខរបរបួលម្នអរតបត ូររបាក្់និងេីផារភាគហ៊ែុននៅនលើពិភពនោក្។ នដាយសារខត្វ ិបត្តិក្ំពុងរ ីក្រាលដាលឥេធិពលន្ទនពលអន្ទគត្ គឺអារស័យនៅនលើភាពធៃន់ធៃរនិងក្រមិត្ម្នក្លររ ីក្រាលដាលម្នវ ិបត្តិននោះ។Greece’s sovereign debt crisis and itsimpacts on the global economyThe sovereign debt crisis in Greece has been an issue in world financialmarkets since the end of 2009. In May 2010 Greece became the first euro-area countryrequesting a financial rescue from the European Union and International MonetaryFund (EU/IMF) worth €110 billion. Although it has been more than a year since thebailout, the public debt problem remained unresolved as attested by (1) the rise inGreece’s two-year government bond yields of more than 300 basis points; (2) thecontinuous downgrade of Greek sovereign rating to below investment grade evenunder the EU/IMF program; and (3) the rise in Greece’s credit default swaps (CDS) toa steep 23.5 percent (as of 14 July 2011), reflecting around 87 percent probability thatGreece may default within the next five years. Most importantly, the Greece crisis hasspread to other peripheral countries, namely Ireland and Portugal, which have alsorequested financial assistance from the EU and IMF in November 2010 and April2011, respectively. This sovereign debt problem has become a significant risk to theworld financial market and economic recovery.Causes of the Greek debt crisisGreece’s public debt has been at an elevated level since 1989 and as of the endof 2010 amounted to 329 billion or 148.2 percent of GDP. Such a high public debt toGDP ratio is almost three times larger than the threshold set by the Maastricht Treatythat stipulates. That public debt does not exceed 60 percent of the output for membercountries. Greece has also experienced large fiscal deficit, which registered at 10.5percent of GDP at the end of 2010 higher than the euro area average of 6.0 percentand one of the highest in the world.The sovereign debt crisis in Greece is primarily caused by four factors. Thefirst is the lack of fiscal discipline due to populist welfare policies, e.g., three-times-ayearbonuses as well as a minimum retirement age of 50, which is below theinternational average, and the attendant entitlement for pension benefits that isinconsistent with the average lifespan. Such policies led to increases in publicspending, particularly on wages, pensions, elderly aids, and unemployment benefits,which accounted for more than 75 percent of Greece’s public expenditures.៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201141

% to GDP Public Debt and fiscal deficits to GDP% to GDP150100500142.810.532.496.2 939.1Public debt to GDPFiscal deficits to GDPGreece Ireland Portugal Spain Italy609.21194.635302520151050The second factor is the mismatch between government revenues andexpenditures. Greece’s public spending excluding interest payments accounted for 32percent of GDP, while public revenues excluding social security contributionsamounted to only 20 percent. This discrepancy is due partly to inefficient taxcollection, as well as tax invasion particularly among high-income bracket individuals,resulting in ongoing fiscal deficits. Greece also needed to make substantial interestpayments due to a large amount of borrowings from financial markets during the pastten years. Being a member of the European Union was also a factor that helpedGreece to borrow cheaply. Greece’s long-term interest rates and long-termgovernment bond yields significantly declined after it became a member of theEuropean Union.Third, Greece’s competitiveness is declining relative to its peers in theEuropean Union. A measure of Greece’s competitiveness has decreased by more than25 percent since becoming an EU member in 2000. The average wage and unit laborcost in Greece were higher than its counterparts in the euro area. These were the mainobstacle to economic growth that will also adversely affect on tax revenues.Finally, during the global financial crisis in 2008, the Greek government spentextensively to stimulate the economy, contributing to the large fiscal burden and lossof investor confidence in the government’s debt repayment ability. Since the end of2009 Greek sovereign bonds’ ratings were continuously downgraded to belowinvestment grade, driving up financing costs and reducing the likelihood of payingback their debts.Solutions to the sovereign debt crisisThe EU/IMF solution to the Greek problem has been mainly focused onliquidity risks in the medium term. Between now and 2014, after which it would needto raise funds from the financial markets again, Greece is expected to restructureeconomy under the bailout conditionality by implementing fiscal austerity measures,including decreasing public expenditures and raising revenues to curtail fiscal deficit.Nonetheless, the credibility of the program has been questioned, particularly at the endof last year when Greece failed to achieve EU/IMF conditionality as the economyunexpectedly contracted by 4.5 percent owing to weak domestic demand. Thefinancial package, initially expected to end in 2013, has thus been extended to end a៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201142

year later. In addition, given two-year government bond yields rose significantly,Greece inevitably requested for the second bailout.Being a euro area member precludes the possibility of currency devaluation asgenerally practiced by countries that receive aid from the IMF. As a result, Greece’sforeign currency earnings, which came mainly from tourism and maritimetransportation, did not increase much. Investors also questioned Greece’s ability torepay debts given the delayed fiscal consolidation.Recently, there is a proposal for involvement of the private sector in sharingsome burden through a rollover of Greek bonds. Nonetheless, many analysts viewsuch a move only to buy Greece more time and not constitute the solution.Furthermore, this proposal could be regarded as a technical default by credit ratingagencies and potentially trigger credit events.Table 1: Commercial Banks foreign claims as December 2010Creditors countriesBillions Germany France United Netherland US Belgium TotalUSDKingdomGreece 34.0 56.7 14.1 5.0 7.3 1.9 119.0Portugal 36.4 26.9 24.3 6.5 5.2 3.5 103.0Ireland 118.2 29.6 135.2 16.7 50.9 25.4 376.1Spain 181.9 140.6 107.2 76.9 47.2 21.5 575.3Italy 36.4 26.9 66.4 45.3 36.7 25.8 729.1PIIGS 532.7 646.5 347.2 150.5 147.5 78.2 1,902.6Potential impacts on global economyGreece’s sovereign debt crisis directly affects its citizens, especially throughfiscal-tightening measures. Despite many ongoing efforts from various institutions tofind an appropriate solution, if comprehensive and sustainable solutions could not bereached, the crisis could have large impacts in global financial markets and couldultimately affect the world economy through the following channels:Investor confidence. Credit default swaps of PIIGS rose significantly duringthe past two months, resulting in higher financing costs of those peripheral countries.Rising borrowing costs adversely affect ability to repay, potentially leading to default.Financial markets. Exposures to Greek debts by commercial banks in Franceand Germany, in terms of ultimate foreign claims to public and private assets, totalapproximately $57 billion and $34 billion, which are equivalent to 1.8 and 1.2 percentof total foreign claims, respectively. If Greece defaults, those commercial banks willunavoidably face capital losses. If the problem spreads to other PIIGS countries, it canlead to credit crunch. Moreover, the majority of Greek bonds are issued under Greeklaw, which can make claims by foreign investors difficult.% to totalexportsTable 2: Share of export (By countries)Exporting countriesEA-16 EU-27 US Japan China Asia-7 World៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201143

Greece 0.9 0.9 0.1 0.2 0.3 0.3 0.6Portugal 1.3 1.1 0.2 0.1 0.2 0.1 0.6Spain 4.7 4.3 0.9 0.6 1.5 0.9 2.6PIIGS 13.0 12.9 3.2 1.9 4.1 2.5 7.8EA-16 57.9 51.4 16.0 10.8 15.6 9.0 29.3EU-27 66.5 66.8 21.2 14.1 20.5 12.6 38.1Note: - PIIGS comprises Portugal, Ireland, Italy, Greece and Spain.- Asia-7 consists of Taiwan, Thailand, South Korea, Indonesia, Philippines.Hong Kong and SingaporeTrade. If the problem is contained within PIIGS, the impact on the globaleconomy is expected to be limited as exports to the periphery countries account foronly 8 percent of world exports, although EU intra-regional trade would be moreaffected as exports to PIIGS account for 13 percent of total EU exports. If corecountries become affected, impacts on the world economy would be severe becausethe European market accounts for one-third of world exports. The sovereign debtcrisis in Greece thus poses a significant risk to the global economy and world financialmarkets if there is no concrete solution.With regard to Thailand, the impact on the Thai economy is judged to belimited, as financial claims by Thai investors, including financial institutions, onEuropean economies are minimal. The impact through trade is also marginal as Thaiexports to PIIGS accounts for 1.8 percent of total Thai exports. Nonetheless, the Thaieconomy will be indirectly affected from volatilities in foreign exchange and stockmarkets worldwide. As the crisis is unfolding, future impacts will largely depend onthe severity and the degree of contagion of the problem.***************************៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201144

( )GRtaTIpSar GRtapøÚvkar KmøatGRtamFümcugEx GRta GRta GRta bERmbRmYlRbcaMExGRta bERmbRmYlRbcaMEx ¬GRtapøÚvkar-GRta Tij GRta lk;Tij lk; mFüm +/- % mFüm +/- % GRtaTIpSar¦2009Jan-mkra 4,125 4,139 4,132 -17.00 -0.41 4,112 4,120 4,116 -35.00 -0.86 -16.00 -0.39Feb-kumÖ³ 4,123 4,135 4,129 2.00 0.05 4,122 4,130 4,126 -10.00 -0.24 -3.00 -0.07Mar-mIna 4,093 4,104 4,099 30.00 0.73 4,089 4,097 4,093 33.00 0.80 -5.50 -0.13Apr-emsa 4,131 4,135 4,133 -38.00 -0.93 4,117 4,125 4,121 -28.00 -0.68 -12.00 -0.29May-]sPa 4,143 4,154 4,149 -12.00 -0.29 4,137 4,145 4,141 -20.00 -0.49 -7.50 -0.18Jun-mifuna 4,182 4,197 4,190 -39.00 -0.94 4,160 4,168 4,164 -23.00 -0.56 -25.50 -0.61Jul-kkáda 4,244 4,263 4,254 -62.00 -1.48 4,187 4,195 4,191 -27.00 0.65 -62.50 -1.49Aug-sIha 4,175 4,186 4,181 69.00 1.63 4,142 4,150 4,146 45.00 1.07 -35.00 -0.84Sep-kBaØa 4,216 4,226 4,221 -41.00 -0.98 4,172 4,180 4,176 -30.00 -0.72 55.00 1.32Oct-tula 4,193 4,203 4,198 23.00 0.55 4,170 4,178 4,174 2.00 -0.05 -23.00 -0.60Nov-viciäka 4,164 4,171 4,168 29.00 0.70 4,159 4,167 4,163 11.00 -0.26 -5.00 -0.12Dec-FñÚ 4,181 4,190 4,186 -17.00 -0.41 4,165 4,173 4,169 -6.00 -0.14 -17.00 -0.392010Jan-mkra 4,185 4,193 4,189 -4.00 -0.09 4,167 4,175 4,171 -2.00 -0.04 -18.00 -0.43Feb-kumÖ³ 4,194 4,201 4,198 -9.00 -0.21 4,183 4,191 4,187 -16.00 -0.38 -11.00 -0.25Mar-mIna 4,189 4,195 4,192 5.00 0.11 4,182 4,190 4,186 1.00 0.02 -6.00 -0.14Apr-emsa 4,217 4,228 4,223 28.00 1.00 4,200 4,208 4,204 18.00 1.00 -19.00 -0.44May-]sPa 4,248 4,259 4,254 31.00 0.70 4,215 4,223 4,219 15.00 0.300 -35.00 -0.81Jun-mifuna 4,266 4,275 4,271 18.00 0.40 4,222 4,230 4,226 7.00 0.10 -45.00 -1.05Jul-kkáda 4,260 4,273 4,267 -6.00 -0.20 4,237 4,245 4,241 15.00 0.30 -26.00 -0.60Aug-sIha 4,257 4,267 4,262 -3.00 -0.07 4,235 4,243 4,239 -2.00 -0.05 -23.00 -0.54Sep-kBaØa 4,245 4,253 4,249 -12.00 -0..28 4,227 4,235 4,231 -8.00 -0.19 -18.00 -0.42Oct-tula 4,216 4,224 4,220 -29.00 -0..68 4,222 4,230 4,226 -5.00 -0.12 6.00 0.14Nov-viciäka 4,074 4,081 4,078 -142.00 -3.37 4,075 4,083 4,079 -147.00 -3.49 2.00 -0.04៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201145

Dec-FñÚ 1 4,048 4,053 4,051 -26.00 -0.64 4,051 4,055 4,053 -24.00 -0.59 3.00 0.062011Jan-mkra 4,052 4,059 4,056 4.10 0.10 4,050 4,054 4,052 4.10 0.10 -4.00 -0.09Feb-kumÖ³ 4,034 4,038 4,036 -18.00 -0.44 4,036 4,042 4,039 -14.00 -0.35 3.00 0.07Mar-mIna 4,004 4,010 4,007 -30.00 -0.74 4,007 4,013 4,010 -29.00 -0.72 3.00 0.07Apr-emsa 4,060 4,069 4,065 56.00 1.40 4,020 4,028 4,024 13.00 0.32 -41.00 -1.00May-]sPa 4,094 4,103 4,099 34.00 0.84 4,080 4,088 4,084 60.00 1.49 -15.00 -0.35Jun-mifuna 4,122 4,127 4,125 28.00 0.68 4,115 4,123 4,119 35.00 0.86 -6.00 -0.13Jul-kkáda 4,098 4,106 4,102 -24.00 -0.58 4,100 4,108 4,104 -15.00 -0.36 2.00 0.05Aug-sIha 4,096 4,103 4,100 -2.00 -0.05 4,093 4,101 4,097 -7.00 -0.17 -3.00 -0.07Sep-kBaØa 4,084 4,098 4,091 -12.00 -0.29 4,080 4,088 4,084 -13.00 -0.32 -7.00 -0.17Oct-tula 4,092 4,098 4,095 8.00 0.19 4,100 4,108 4,104 20.00 0.49 9.00 0.22Source: l>r Exchange eQµaHFnaKarManagement Department.1 FnaKareGsIsMécR)ak;beBaØICaerol ¬°¦mankalkMNt;( ក្ញ្ហញ ២០១១)R)ak;beBaØICaduløarGaemrik ¬°¦ R)ak;beBaØICarUbiyb½NÑepSg²¬°¦mankalkMNt; mankalkMNt;1Ex 3Ex 6Ex 12Ex sMéc 1Ex 3 Ex 6 Ex 12Ex sMéc 1Ex 3Ex 6Ex 12ExulIda 1.25 3.00 5.00 6.00 7.00 0.50 1.50 2.50 3.50 4.75 0.50 0.25 1.25 2.75 3.752 FnaKarkm

25 FnaKar saxm 1.00 2.50 3.50 4.50 5.50 0.50 1.50 2.50 3.50 4.5026 FnaKar sIuGayGibb’ PIGilsIu 1.50 2.25 2.50 3.50 4.2527 FnaKarGaRhÁ IEb‘g saxakm

22 OSK Indochina Bank 1.50 3.50 4.00 5.00 6.00 1.50 2.25 2.75 3.75 5.0023 Hwang DBS 1.00 1.75 2.25 2.75 3.2524 Phnom Penh Commercial Bank 1.20 2.50 4.20 5.20 6.2025 SACOMBANK 1.00 2.50 3.50 4.50 5.50 0.50 1.50 2.50 3.50 4.5026 CIMB Bank Plc 1.50 2.25 2.50 3.50 4.2527 AGRI Bank Cambodia Branch 1.25 3.00 4.00 4.25 5.00 1.00 1.50 2.50 3.00 3.5028Bank of China Phnom Penh BranchLtd.29 Camko Bank Limited.0.13 0.13 0.13 0.13 0.13 0.50 1.25 2.25 2.75 3.2530 Rural Development Bank 1.50 3.50 4.00 5.00 6.00 1.00 3.00 3.50 4.00 5.0031 PHSME Specialized Bank Ltd.32 First Investment Specialized Bank33 ANCO Specialized Bank34 Tomato Specialized Bank35 Angkor Capital Specialized Bankl>rAverage 1.30 2.56 3.41 4.39 5.33 0.86 1.80 2.45 3.26 4.04 0.70 1.25 1.38 1.88 2.48eQµaHFnaKar( ក្ញ្ហញ ២០១១)x©ICaerol ¬°¦ x©ICaduløarGaemrik ¬°¦ x©ICarUbiyb½NÑepSg² ¬°¦1 Ex 3 Ex 6 Ex 12Ex 1 Ex 3 Ex 6 Ex 12Ex 1Ex 3Ex 6 Ex 12Ex1 FnaKareGsI ulIda 7.00 8.00 10.00 7.00 8.00 10.00 7.00 8.00 10.002 FnaKarkm

22 FnaKar GU eGs ex \NþÚéqNa 14.00 14.0023 FnaKarhVg DIb‘IeGs 12.0024 FnaKar Pñ MeBj BaNiC¢ 16.0025 FnaKar saxm 11.00 11.00 11.00 11.00 11.00 11.00 11.00 11.0026 FnaKar sIuGayGibb’ PIGilsIu 12.00 12.00 12.00 12.0027 FnaKarGaRhÁ IEb‘g saxakm

21 KOOKMIN Bank Cambodia Plc. 14.00 14.00 14.00 14.0022 OSK Indochina Bank 14.00 14.0023 Hwang DBS 12.0024 Phnom Penh Commercial Bank 16.0025 SACOMBANK 11.00 11.00 11.00 11.00 11.00 11.00 11.00 11.0026 CIMB Bank Plc 12.00 12.00 12.00 12.0027 AGRI Bank Cambodia Branch 16,80 16,80 16,80 16,80 16,20 16,20 16,20 16.2028Bank of China Phnom PenhBranch Ltd.29 Camko Bank Limited. 15.0030 Rural Development Bank 15.00 12.0031 PHSME Specialized Bank Ltd. 18.0032First Investment SpecializedBank12.0018.00 18.00 18.0033 ANCO Specialized Bank 17.4034 Tomato Specialized Bank 15.6435 Angkor Capital Specialized Bank 24.00 24.00 24.00 24.00Average 17.45 15.36 15.56 15.80 15.29 15.02 15.50 14.73 11.25 9.13 9.63 13.56bBa¢IeQµaHRKwHsßanFnaKar nighirBaØvtßúlr eQµaHFnaKar TUrsBÞ½TMnak;TMng1FnaKar km

#A2 pøÚvCatielx4 tMbn;esdækic©BiessPñMeBj XMukenÞak RsukGgÁsñ Ül extþkNþal14-saxaTYleKak#150 F2A- F2B-F2C pøÚv289 Rkum52 sgáat;bwgkk;1 xNÐTYleKak raCFanIPñMeBj15-saxapSaredImK#281 mhavifIem:AesTug sgáat;pSaredImK xNÐTYleKak raCFanIPñMeBj16-saxaTYlTMBUg#25 CEO pøÚv155 sgáat;TYlTMBUg1 xNÐcMkarmn raCFanIPñMeBj17-saxasÞwgmanC½y#6A-7A PUmidMNak;FM sgáat;sÞwgmanC½y xNÐmanC½y raCFanIPñMeBj18-saxakMBtGaKarelx 45 pøUvCatielx 3 PUmikMBg;)ayxagt,Ug XMukMBg;)ay RsukkMBg;)ay extþkMBt19-saxapøÚv 217GaKarelx 26 pøÚv 217 PUmiRtBaMgQUk sgáat;Twkføa xNÐEsnsux raCFanIPñMeBj20-saxamhavifIRBHsIhnuGaKarelx 128E0 mhavifIRBHsIhnu ¬pøÚv274¦ sgáat;bwgekgkg1 xNÐcMkarmn raCFanIPñMeBj2FnaKar emyEb‘g saxaPñMeBj#4 B vifIRkmYns sgáat;pSarfµµI1 xNÐdUneBj raCFanIPñMeBj1- saxargTwkføa#13-15 EO mCÄmNÐlBaNiC¢kmµeGtvUt pøÚv110 A sgáat;Twkføa xNÐb¤sSIEkv raCFanIPñMeBj2- saxargem:AesTug#158 BCD vifIem:AesTug sgáat;TMnb;Twk xNÐcMkarmn raCFanIPñMeBj3- saxargesomrab#13 14 15pøÚvsgÇraCeTBvgS PUmi2XMusVaydgÁú MRsukesomrab extþesomrab4- saxargc,arGMeBA#27-29 E0-E1pøÚvCatielx1 PUmikNþal sgáat;c,arGMeBA2 xNÐmanC½y raCFanIPñMeBj5- saxargGULaMBik#323-325 E0-E1 pøÚv274 sgáat;valvg; xNÐ7mkra raCFanIPñMeBj6- saxargTYleKak# 93 A1-A2 pøÚvelx289 RkumTI67 PUmi14 sgáat;bwgkk;2 xNÐTYleKak raCFanIPñMeBj7- saxarg)at;dMbg#136 E0Z pøÚvelx3 RkumTI39 PUmi20]sPa sgáat;e)ayEb:t Rkug)at;dMbg extþ)at;dMbg8-saxaRkúgRBHsIhnupÞHelx 212 pøÚvÉkraC sgáat;elx2 xNÐmitþPaB extþRBHsIhnu3FnaKar BaNiC¢TImYy saxaPñMeBj#66 mhavifIRBHneratþm sgáat;C½yCMnH xNÐdUneBj raCFanIPñMeBj1- saxargecamecA#3-5 PUmiéRBCIsak; sgáat;ecamecA xNÐdegáa raCFanIPñMeBj2- saxaGULaMBik#155 Gaeb pøÚv215 sgáat;pSaredb:U1 xNÐTYleKak raCFanIPñMeBj4 FnaKar Rkugéf cMkat; mhaCn saxaPñMeBj#149 pøÚvelx215 sgáat;pSaredb:U1 xNÐTYleKak raCFanIPñMeBj51- saxargextþesomrab #11-12 ¬Can;TI1¦xalq½rr:lm:l énsarmnÞ IrCatiGgÁrvifIhSaldWehÁal PUmisalakEnSg XMusVaydgÁMú Rsukesomrab extþesomrabFnaKar kaNaDIy:a k>G#265-267-269 vifIRBHGgÁDYg ¬pøÚv110¦ sgáat;vtþPñM xNÐdUneBj raCFanIPñMeBj1- saxaGULaMBik#394EO vifIRBHsIhnu sgáat;GULaMBik xNÐcMkarmn raCFanIPñMeBj2- saxaRkugRBHsIhnu#197 vifIÉkraCü sgáat;2 xNÐmitþPaB RkugRBHsIhnu3- saxaextþkMBg;camvifIRBHmunIvgS PUmiTI7 XMukMBg;cam RsukkMBg;cam extþkMBg;cam4- saxa)at;dMbg#11-13 PUmiERBkmhaeTB XMusVaye)a: Rsuk)at;dMbg extþ)at;dMbgEmail:campupez@campubank.com.khTel. : (855-44) 992 481,Fax : (855-44) 992 484Email:campukk@campubank.com.khTel. : (855-44) 996 118 996 119Fax : (855-44) 996 120Email:campupdr@campubank.com.khTel. : (855-23) 992 481,Fax : (855-23) 992 484Tel. : (855-23) 969 601,Fax : (855-23) 969 606Tel. : (855-33) 932 760,Fax : (855-33) 932 764Tel. : (855-23) 969 601,Fax : (855-23) 969 614Tel. : (855-23) 998 091,Fax : (855-23) 998 094Tel.: (855-23) 210 255 / 210 123Fax: (855-23) 210 099Email: mbb@maybank.com.khTel.: (855-23) 866 052,Fax: (855-23) 866 054Email: ratha@maybank.com.khTel.: (855-23) 216 436/ 216 437Fax: (855-23) 216 438Tel.: 063 761 062/ 761 063Fax: 063 761 065Tel.: (855-23) 720 596,Fax: (855-23) 720 528Tel.: (855-32) 993 155/ 993 154Fax: (855-23) 993 153Tel.: (855-23) 999 205/ 999 206Fax: (855-23) 999 203Tel.: (855-53) 731 208,Fax: (855-53) 731 201Tel. : (855-10) 777 234Tel. : (855-23) 210 026-28Fax : (855-23) 210 029Email:fcbpp@online.com.twTel. : (855-23) 865 171-73Fax : (855-23) 865 175Email:i9182@firstbank.com.twTel. : (855-23) 880 392-94Fax : (855-23) 880 396Email:i918c@firstbank.com.twTel :(855-23) 366 005 / 882 959Fax:(855-23) 865 175Email:ig182@firstbank.com.khTel:(855-63) 964 758,Fax:(855-63) 964 759Email:ktbsre@camshin.com.khTel.:(855-23) 868 222,Fax:(855-23) 222 830Email:canadia@canadiabank.com.khWebsite: www.canadiabank.comTel.: (855-23) 218 397/ 218 378Fax : (855-23) 218 395Email:canadia.ob@canadiabank.com.khTel:(855-34) 933 490,Fax:(855-34) 933 697Email:canadia.sb@canadiabank.com.khTel:(855-42) 941 361,Fax:(855-42) 941 360Email:canadia.kc@canadiabank.com.khTel.:(855-53) 952 267,Fax:(855-53) 952 005៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201151

5- saxaRkugéb:linPUmibDinenov sgáat;éb:lin xNÐéb:lin Rkugéb:lin6- saxahSaldWehÁal#126 mhavifI hSaldWehÁal sgáat;GUrb¤sSI4 xNÐ7mkra raCFanIPñMeBj7- saxaextþesomrabpøÚvsIuvutßa PUmimNÐl1 XMusVaydgÁMú Rsukesomrab extþesomrab8- saxae):ayEb:t#33 vifIGgÁr PUmikMBg;)ayxagt,Úg XM ukMBg;)ay RsukkMBg;)ay extþkMBt9- saxaextþkMBtGaKarbeNþaypøÚvCatielx5 PUmik,als

៣១-សាខាទ ោះរុងភូមិ២ ស្ក ត្់សាម ច់មានជ័យ រក្ុងនែមរភូមិនទ នែត្តនក្លោះក្ុង៣២-សាខាសទ ឹងត្ប្ត្ងភូមិក្ណាត ល ស្ក ត្់សទ ឹងខរត្ង រក្ុងសទ ឹងខរត្ង នែត្តសទ ឹងខរត្ង6FnaKar eGsIulIda PIGilsIu#61 mhavifIRBHmunIvgS sgáat;RsHck xNÐdUneBj raCFanIPñMeBj1- saxaRkugPñMeBj#29 pøÚvelx217 sgáat;valvg; xNÐ7mkra raCFanIPñMeBj2- saxaextþesomrab#1/2 nig3 PUmimNÐl2 XM usVaydgÁM ú Rsukesomrab extþesomrab3- saxaextþkMBg;cam#PH0458 pøÚvCatielx7 PUmiTI6 XMuvalvg; RsukkMBg;cam extþkMBg;cam4- saxaextþbnÞaymanC½y#268D269D270D271D Rkum13 PUmi3 XMuRBHBnøa RsuksirIesaP½N extþbnÞaymanC½y5- saxaextþ)at;dMbgPUmikmµkr XMusVaye):a Rsuk)at;dMbg extþ)at;dMbg6- saxaextþkMBt-RkugEkbpøÚvÉkraCü PUmi1]sPa sgáat;kMBg;kNþal RkugkMBt extþkMBt7- saxaextþtaEkvpøÚvelx2 PUmiLÚrI XMurkakñúg RsukdUnEkv extþtaEkv8- saxaextþRBHsIhnu#135 pøÚvÉkraCü PUmi1 sgáat;elx2 RkugRBHsIhnu extþRBHsIhnu9- saxaextþeBaF×sat;#239 pøÚvCatielx5 PUmiBalEjk1 XMupÞHéRB RsuksMeBAmas extþeBaF×sat;10-saxaextþkMBg;FM#36 pøÚvCatielx6 RkumTI3 PUmisÞwgEsn XMukMBg;Rke)A RsuksÞwgEsn extþkMBg;FM11-saxaextþkMBg;s

26-saxaextþmNÐlKirIPUmiGUrs

12131415tir³vifIsemþcmhaesnabtIeteCa h‘un Esn sgáat;elx3 RkugRBHsIhnu extþRBHsIhnu3- saxaGULaMBikpÞHelx 392 E0 pøÚvelx 193 sgáat;GULaMBik xNÐcMkarmn raCFanIPñMeBjsaCIvkmµFnaKarswgðbUrI cMkat;# 68 vifIsemþc):an; ¬214¦ sgáat;bwgraMg xNÐdUneBj raCFanIPñMeBj1- saxaenruh_#168GEomhavifI enruh_ ¬215¦ sgáat;valvg; xNÐ7mkra raCFanIPñMeBj2- saxaextþesomrab#17A-18A vifIsI uvtßa mNÐl1 XMusVaydgÁúM Rsukesomrab extþesomrab3- saxaRkugRBHsIhnu# 255 pøÚvÉkraCü Rkum14 PUmi2 sgáat;2 xNÐmitþPaB RkugRBHsIhnu4- saxaTYlTMBUg 2#94 pøÚvelx271 sgáat;TYlTMBUg 2 xNÐcMkarmn raCFanIPñMeBj5- saxaem:AesTug#5-6eb 294 mhavifIem:AesTug sgáat;TMnb;Twk xNÐcMkarmn raCFanIPñMeBjFnaKaremKgÁkm

#100 vifIRBHsIhnu sgáat;ctumux xNÐdUneBj raCFanIPñMeBj Fax: (855-23) 223 2172- saxamat;TenøTel: (855-23) 999 000,Fax: (855-23) 223 218#265 vifIRBHsIusuvtßi sgáat;pSarkNþal1 xNÐdUneBj raCFanIPñMeBj3- saxapSarGULaMBikTel: (855-23) 999 000,Fax: (855-23) 223 214#361-363 vifIRBHsIhnu sgáat;bwgRBlit xNÐ7mkra raCFanIPñMeBj4- saxaRkmYnsTel: (855-23) 999 000,Fax: (855-23) 221 310#20FE-EO vifIRkmYns EkgpøÚvelx67 sgáat;pSarfµI1 xNÐdUneBj5- saxaextþesomrabTel: (855-63) 969 700,Fax: (855-63) 969 701#566 568 570 pøÚveTBvgS PUmimNÐl1 XM usVaydgÁMú Rsukesomrab extþesomrab6- saxaRkugRBHsIhnuTel: (855-34) 934 333Fax: (855-34) 934 270#215 pøÚvÉkraCü Rkum2 xNÐmitþPaB RkugRBHsIhnu7- saxaextþ)at;dMbgTel: (855-53) 953 830,Fax: (855-53) 953 831#2 pøÚvelx1 PUmi20 ]sPa XM usVaye):a Rsuk)at;dMbg extþ)at;dMbg8- saxaTwkføaTel: (855-23) 995 998,Fax: (855-23) 995 997#1E0-E1 pøÚvelx110A sgáat;Twkføa xNÐb£sSIEkv raCFanIPñMeBj9- saxaeBTüelaksgÇTel: (855-23) 995 190,Fax: (855-23) 995 191#1AB pøÚvelx271 sgáat;Twkføa xNÐb£sSIEkv raCFanIPñMeBj10-saxapSaredImfáÚvTel: (855-23) 999 000,Fax: (855-23) 994 521#61 6AB pøÚvelx271 sgáat;pSaredImfáÚv xNÐmanC½y raCFanIPñMeBj11-saxae)a:yEb:tTel: (855-54) 967 771,Fax: (855-54) 967 772#22-23-24 pøÚvCatielx5 PUmi)a:lIéL XMue)a:yEb:t RsukGUreRCA extþbnÞaymanC½y12-saxaextþkMBg;camTel: (855-42) 942 300,Fax: (855-42) 942 301PUmi12 XMukMBg;cam RsukkMBg;cam extþkMBg;cam13-saxasÞwgmanC½yTel: (855-23) 995 717,Fax: (855-23) 995 136#23-25Ga pøÚvelx217 sgáat;sÞwgmanC½y xNÐcMkarmn raCFanIPñMeBj14-saxataexµATel: (855-24) 985 207,Fax: (855-24) 985 208#1E0-E1-E2 XMutaexµA RsuktaexµA extþkNþal15-saxac,arGMeBA#35 E0-E1-E2 pøÚvCatielx1 sgáat;nieraF xNÐmanC½y raCFanIPñMeBj16-saxaecamecA#1-2-3BpøÚvCatielx4 PUmiéRBRBIg sgáat;ecamecAxNÐdegáa raCFanIPñMeBj17-saxaTYleKakTel: (855-23) 999 000#95C pøÚvKimGils‘ug¬289¦ sgáat;bwgkk;2 xNÐTYleKak raCFanIPñMeBjFax: (855-23) 992 259FnaKar siunhan Exµr១៦Tel : (855-23) 727 380#277 mhavifIRBHneratþm sgáat;Tenø)asak; xNÐcMkarmn raCFanIPñMeBjFax : (855-23) 727 383FnaKar vinieyaKnigGPivDÆn_km

2-saxa pSaedImKGKar78 mhavifIRBHmunIert sgáat;TYlsVayéRB2 xNÐcMkarmn raCFanIPñMeBjFnaKar GU>eGs>ex \NþÚéqNa២២#263 pøÚvRBHGgÁDYg sgáat;vtþPñM xNÐdUneBj raCFanIPñMeBj1-saxasÞwgmanC½ypøÚvmunñ Ier:t¬217¦EkgpøÚvcak;sMram sgáat;sÞwgmanC½y xNÐmanC½y raCFanIPñMeBj2-saxasIuFIm:l GULaMBik#A3Eo pøÚvmnñIer:t sgáat;valvg; xNÐ7mkra raCFanIPñMeBj3-saxak,alfñl;#530A-530B mhavifIRBHmunIvgS sgáat;Tenø)asak; xNÐcMkarmn raCFanIPñMeBj4-saxaeBTüelaksgÇ#1-3 pøÚvelx271 sgáat;Twkføa xNÐEsnsux raCFanIPñMeBj5-saxakMBg;cam#41 pøÚvCatielx7 sgáat;valvg; RkugkMBg;cam extþkMBg;cam6-saxa)at;dMbgGaKarelx 1-3-5-7 pøÚvelx3 PUmikmµkr sgáat;sVaye):a Rkug)at;dMbg extþ)at;dMbg7-saxaesomrabGaKarelx 12-14-16 pø ÚvCatielx 6 PUmibnÞaycas; RsuksøRkamRkugesomrab extþesomrab8- saxaRkugRBHsIhnuGaKarelx129 pøÚv7mkra PUmi2 sgáat;elx4 RkugRBHsIhnuFnaKar \NÐa saxaPñMeBj២៣GKar10 elx254(F4-R01)mhavifIRBHmunIvgS sgáat;bwgraMg xNÐdUneBj raCFanIPñMeBjFnaKar sayhÁneFOgTIgBaNiC¢ ¬saxm¦ saxaPñMeBj២៤#60 mhavifIRBHneratþm sgáat;C½yCMnH xNÐdUneBj raCFanIPñMeBj1- saxaGULaMBikGaKarelx 319-321 vifIRBHsIhnu sgáat;valvg; xNÐ7mkra raCFanIPñMeBj២- សាខារងផារេំទនើបទវៀត្ណាម# ៧១៧-៧១៩ មហ្គវ ិថីរពោះមុនីវងេ ស្ក ត្់បឹងនក្ងក្ង៣ ែណឌ ចំក្លរមន ភនំនពញ៣- សាខាចារអំទៅ# ៥៧៧អា-៥៧៨នប ផល ូវជាត្ិនលែ១ ស្ក ត្់ចបរអំនៅ២ ែណឌ មានជ័យ ភនំនពញFnaKar hVgDIb‘ÍeGs BaNiC¢២៥#61-64 mhavifIRBHneratþm bwgekgkg1 cMkarmn raCFanIPñMeBj1- saxakm

២៩៣០ទមហាា អិន ឺទណសិនណល េមទមើសល េូអិល ីឌី សាខាភនំទពញGaKarelx 139 pøÚv 274 Ekg 41 sgáat;bwgekgkg1 xNÐcMkarmn raCFanIPñMeBjTel:(855-23) 988 101នាគារ អាយសុ ីប ីសុ ី លីមី ិត្ សាខាភនំទពញ#១៥ មហ្គវ ិថីរពោះននរាត្តម ស្ក ត្់ផារថមី១ ែណឌ ដូននពញ ភនំនពញTel:(855-23) 965 289៣១នាគារ អុឹមប ីភីអិលសុ ី សាខាភនំទពញ#អាោភនំនពញថ្នរនវ ើនលែ៤៤៥ ជាន់េី១-២ មហ្គវ ិថីរពោះមុនីវងេ ស្ក ត្់បឹងរពលឹត្ ែណឌ ៧ មក្រា ភនំនពញFnaKarÉkeTs1 FnaKar GPivDÆn_CnbT#9-13 pøÚvelx7 sgáat;ctumux xNÐdUneBj raCFanIPñMeBj2 FnaKarÉkeTs PI eGc EGs Gwum GIu#72 mhavifI RBHneratþm sgáat;C½yCMnH xNÐdUneBj raCFanIPñMeBj3 FnaKarÉkeTs vinieyaKTImYy#72 mhavifIRBHsIhnu sgáat; Tenø)asak; xNÐcMkarmn raCFanIPñMeBj4 FnaKarÉkeTs GankU#20 pøÚvelx217 sgáat;valvg; x½NÐ7mkra raCFanIPñMeBj5 FnaKarÉkeTs tUm:atU#66Can;TI5 mhavifIRBHneratþm sgáat;C½yCMnH xNÐdUneBj raCFanIPñMeBj6 FnaKar GgÁrkaBItal;#202 mhavifIRBHneratþm sgáat;Tenø)asak; xNÐcMkarmn raCFanIPñMeBj7 នាគារឯរទេស ទេមេូ លីមីត្ ីត្#៨១ មហ្គវ ិថីរពោះននរាត្តម ស្ក ត្់ផារថមី៣ ែណឌ ដូននពញ រាជធានីភនំនពញRKwHsßanmIRkUhirBaØvtßúmanGaCJab½NÑTel:(855-16) 880 295Tel : (855-23) 220 810, 220 811Fax: (855-23) 722 388E-mail: rdb@online.com.khTel.: (855-23) 219 243, 219 245Fax: (855-23) 219 185E-mail:pengheng@camnet.com.khTel: (855-23) 222 281,Fax:(855-23) 222 281E-mail:service@fibank.com.khTel : (855-92) 899 065, Fax: (855-23) 993 133Tel : (855-23) 227 555,Fax: (855-23) 214 717Tel : (855-23) 993 168,Fax: (855-23) 994 168E-mail: info@angkorcapitalbank.com.khTel : (855-23) 224 660,Fax: (855-23) 224 661-2Website: www.camkobank.com1 RKwHsßanmIRkUhirBaØvtßú GRmwt#35BA pøÚvelx169 sgáat;valvg; xNÐ7mkra raCFanIPñMeBj2 RKwHsßanmIRkUhirBaØvtßú htßaksikr#239 pøÚvRtsk;Ep¥m sgáat;bwgekgkg1 xNÐcMkarmn raCFanIPñMeBj3 RKwHsßanmIRkUhirBaØvtßú FnaKarPUmi#94 pøÚv360 sgáat;bwgekgkg3 xNÐcMkarmn raCFanIPñMeBj4 RKwHsßanmIRkUhirBaØvtßú sßabna#831 C mhavifIRBHmunIvgS sgáat;pSaredImfáÚv xNÐcMkarmn raCFanIPñMeBj5 RKwHsßanmIRkUhirBaØvtßú sIlaniFi lImIFIt#35 pøÚvelx360 sgáat;bwgekgkg1 xNÐcMkarmn raCFanIPñMeBj6 RKwHsßan GgÁrmIRkUhirBaØvtßúTel: (855-23) 993 062#442 pøÚv193 sgáat;TYlsVayéRB1 xNÐcMkarmn raCFanIPñMeBj7 RKwHsßanmIRkUhirBaØvtßú vIsinhVan;Tel: (855-23) 216 052,#20 pøÚvelx71 sgáat;Tenø)asak; xNÐcMkarmn raCFanIPñMeBjFax:(855-23) 216 2208 RKwHsßanmIRkUhirBaØvtßú eRkDIt#18 pøÚvelx422 sgáat;Tenø)asak; xNÐcMkarmn raCFanIPñMeBj9 RKwHsßanmIRkUhirBaØvtßú R)asak;#25 pøÚv294-57 sgáat;bwgekgkg I xNÐcMkarmn raCFanIPñMeBj10 RKwHsßanmIRkUhirBaØvtßú shKmn_mUlniFishPaBGPivDÆn_ksikr#753 pøÚvRBHmunIvgS sgáat;bwgRtEbk I xNÐcMkarmn raCFanIPñMeBj11 RKwHsßanmIRkUhirBaØvtßú GPivDÆn_esdækic©CnbTkm

#189E0 191E0 pøÚvkm

W9- RKwHsßanmIRkUhirBaØvtßú GRmwt saxaextþRBHsIhnuPUmibwgEvg XMuéRBnb; RsukéRBnb; extþRBHsIhnu10-RKwHsßanmIRkUhirBaØvtßú GRmwt saxaextþkMBg;qñaMgPUmsubiin XMuBanI RsukkMBg;RtLac extþkMBg;qñaMg11-RKwHsßanmIRkUhirBaØvtßú GRmwt saxaextþsVayerogPUmisVayekøa XM usVayRCMu RsuksVayRCMu extþsVayerog2 RKwHsßanmIRkUhirBaØvtßú sßabna lImItFIt# 831 C mhavifIRBHmunIvgS sgáat;pSaredImfáÚv xNÐcMkarmn raCFanIPñMeBj1- RKwHsßanmIRkUhirBaØvtßú sßabna saxaextþkNþal#26 pøÚvCatielx2 PUmitaexµA sgáat;taexµA RkugtaexµA extþkNþal2- RKwHsßanmIRkUhirBaØvtßú sßabna saxaextþkMBg;campøÚvkusm³narIrtñ PUmiTI7 sgáat;kMBg;cam RkugkMBg;cam extþkMBg;cam3- RKwHsßanmIRkUhirBaØvtßú sßabna saxaextþesomrab#439 Rkum12 pøÚvelaktaNWy PUmidkeBaFi sgáat;søRkam Rkugesomrab extþesomrab4- RKwHsßanmIRkUhirBaØvtßú sßabna saxaextþkMBg;FM#41pøÚvCatielx6 RkumTI16 PUmidMrICan;xøa sgáat;dMrICan;xøa RkugsÞwgEsn extþkMBg;FM5- RKwHsßanmIRkUhirBaØvtßú sßabna saxaextþkMBg;qñaMgpøÚvCatielx5 PUmiTI1 sgáat;xSam RkugkMBg;qñaMg extþkMBg;qñaMg6- RKwHsßanmIRkUhirBaØvtßú sßabna saxaextþeBaFisat;216 pøÚvCatielx5 RkumTI11 PUmisßanIy_ sgáat;sVayGat; RkugeBaFisat; extþeBaFisat;7- RKwHsßanmIRkUhirBaØvtßú sßabna saxaextþ)at;dMbg#389 RkumTI6 PUmirMeck4 sgáat;rtn³ Rkug)at;dMbg extþ)at;dMbg8- RKwHsßanmIRkUhirBaØvtßú sßabna saxaextþbnÞaymanC½y#55GapøÚvCatielx6RkumTI3 PUmikMBg;sVay sgáat;kMBg;sVayRkugesrIesaP½N extþbnÞaymanC½y9- RKwHsßanmIRkUhirBaØvtßú sßabna saxaextþkMBg;s

9- saxaextþRkecHpøÚvRBHsuraRmit RkumTI1 PUmivtþ sgáat;RkecH RkugRkecH extþRkecH10-saxaextþkMBtpøÚvelx149 pøÚvCatielx3 PUmikMBg;)ayxageCIg sgáat;kMBg;)ay RkugkMBt extþkMBt11-saxaextþeBaFisat;pøÚvCatielx5 PUmifñl;bMEbk sgáat;rlab RkugeBaFisat; extþeBaFisat;12-saxaextþ)at;dMbgpÞHelx155 pøÚvCatielx5 RkumTI5 PUmiPUmiGUrx¢ay sgáat;ERBkRBHesþc Rkug)at;dMbg extþ)at;dMbg13-saxaextþbnÞaymanC½ypøÚvCatielx5 PUmiGUrGMbil sgáat;GUGMbil RkugsirIesaP½N extþbnÞaymanC½y14-saxaextþkMBg;FMpøÚvCatielx6 PUmiGacarülak; sgáat;Gacarülak; RkugsÞwgEsn extþkMBg;FM15-saxaextþesomrabRkumTI3 PUmiviharcin sgáat;sVaydgÁM Rkugesomrab extþesomrab16-saxaextþRBHsIhnupøÚvelx145 PUmimitþPaBGUr1 RkumTI39 PUmi1 sgáat;4 RkugRBHsIhnu extþRBHsIhnu6 RKwHsßanmIRkUhirBaØvtßú eRkDIt#18 pøÚvelx422 sgáat;Tenø)asak; xNÐcMkarmn raCFanIPñMeBj7 RKwHsßanmIRkUhirBaØvtßú vIsinhVan;#20 pøÚvelx71 sgáat;Tenø)asak; xNÐcMkarmn raCFanIPñMeBjkariyal½y tMNag1 FnaKar sþg;daqaTWEr:t PñMeBj# GaKar G-02 sNæaKarhuIm:avarI bnÞb;313 pøÚvRBHsIusuvtßi raCFanIPñMeBj2 FnaKar vinieyaKnigGPivDÆn_énevotNam# 27 mhavifIRBHsuraRmwt sgáat;ctumux xNÐdUneBj raCFanIPñMeBjTel: (855-12) 661 636E-mail:prasac067@prasac.com.khTel: (855-12) 423 125E-mail:prasac072@prasac.com.khTel: (855-12) 867 602E-mail:prasac081@comintel.comTel: (855-12) 993 387E-mail:prasac085@comintel.com:Tel: (855-12) 667 843E-mail:prasac086@comintel.comTel: (855-12) 766 846E-mail:prasac09@comintel.comTel: (855-12) 992 006E-mail:prasac093@comintel.comTel: (855-12) 622 398E-mail:prasac096@prasac.com.khTel: (855-23) 217 942, 219 228Fax: (855-52) 217 942Email: credit-fin@online.com.khTel: (855-23) 216 052, Fax: (855-52) 216 220Tel: (855-23) 216 685, 212 729Fax: (855-23) 212 731Tel: (855-23) 220 920Email: duongnd@bidv.com៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201162

1LIST OF BANKING – FINANCIAL INSTITUTIONSCAMBODIAN PUBLIC BANK Plc.,#23, 114 St., Sangkat Phsar Thmey 2, Khan Daun Penh,Phnom Penh,Cambodia.1- Siem Reap Branch.# 618, Vithei Samdech Sang Reach Tep Vong,Khum SvayDangkom,Siem Reap District, Siem Reap Province.2- Sihanouk Ville Branch.Street 108, Sangkat 2, Khan Mittapheap, Sihanouk Ville.3- Battambang Branch.#102, Group38, 20 Ousaphea Village, Svay Por Commune,Battambang District, Battambang Province.4-Olympic Branch.# 267, Preah Sihanouk Blvd., Sangkat Veal Vong, Khan 7 Makara,Phnom Penh.5-Kampong Cham Branch.# 5-7, Preah Angduong St., Sangkat Kampong Cham, KampongCham District, Kampong Cham Province.6-Takhmao Branch.203 St., Corner106Rd.,Takhmao Commune, Takhmao District,KandalProvince.7-Chbar Ampov Branch.# 586-587AB.National Road No1, Sangkat Chbar Ampov II,KhanMean Chey, Phnom Penh.8-Monivomg Service Branch.#112D-E,Preah Monivong Blvd., Sangkat PhsarThmey II, KhanDaun Penh, Phnom Penh9-Tek Thla Branch#7,9,11 Eo E4 , St.110A, Sangkat Tek Thla, Khan Reussey Keo,PhnomPenh.10-Poi Pet BranchNational Road No5, Kbal Spean Village, Poi Pet Commune,Ochrov District, Banteay Meanchey Province.11-Mao Tse Toung Branch# 294, Mao Tse Toung Blvd., Sangkat Tomnoubteouk hanChamkarmon, Phnom Penh12-Bavet BranchNational Road No.1, Bavet Kandal Village, Bavet Commune,Chantrea District, Svay Rieng Province.13-PEZ Branch# A2, National Road No.4, Phnom Penh Special Economic Zone,Kantok Commune, Angsnoul District, Kandal Province.14-Toulkork Branch# 150 F2A-F2B-F2C, Street 289, Group 52, Sangkat Boeungkok1,Khan Toulkork, Phnom Penh.15- Phsar Doeumkor Branch# 281, Mao Tse Toung Blvd., Sangkat Phsar Doeumkor, hanToulkork, Phnom Penh.16-Toul Tom Poung Branch#25CEO, Street 155, Sangkat Toul Tom Poung 1, Khan Chamkarmon, PhnomPenh.17- Stung Meanchey Branch# 6A-7A. Damnak Thom village, Sangkat Stung Meanchey,KhanMeanchey, Phnom Penh.18- Kam Pot Branch# 45, National Road No 3, South Kampong Bay Village, A-7A.Kompong Bay Commune, Kompong Bay District, Kampot Province.19-271 Branch# 26, Street 271, Trapaing Chouk village, Sangkat Tek Thla, KhanSen Sok, Phnom Penh.20- Preah Sihanouk Blvd Branch#128E0, Preah Sihanouk Blvd (Street274), Sangkat BoenungTel : (855-23) 214 111 / 222 880Fax: (855-23) 222 887E:campuhoc@campubank.com.khTel : (855-63) 964 777 / 964 889Fax: (855-63) 963 899E:campusrp@campubank.com.khTel : (855-34) 934 130Fax: (855-34) 934 133E:campushv@campubank.com.khTel : (855-53) 953 801Fax: (855-53) 953 804E:campubtb@campubank.com.khTel : (855-23) 222 860Fax: (855-23) 222 863E: campuolympic@ campubank.com.khTel : (855-42) 942 180Fax: (855-42) 942 183E-mail:campukgcham@campubank.com.khTel : (855-24) 985 001Fax: (855-24) 985 011E:camputakhmao@ campubank.com.khTel : (855-23) 997 976Fax: (855-23) 997 975E:campucba@campubank.com.khTel : (855-23) 986 428Fax: (855-23) 222 908E:cardcentre@campubank.com.khTel: (855-23) 995 202Fax : (855-23) 995 205Em:camputta@ campubank.com.khTel : (855-54) 967 356Fax: (855-54) 967 359E:campuppt@campubank.com.khTel : (855-23) 987 293Fax: (855-23) 987 296E:campumtt@campubank.com.khTel : (855-44) 946 100Fax: (855-44) 946 103E:campubvp@campubank.com.khTel : (855-23) 729 311Fax: (855-23) 729 315E:campupez@campubank.com.khTel : (855-23) 992 481Fax: (855-23) 992 484E:campukk@campubank.com.khTel : (855-23) 996 118Fax: (855-23) 996 126E:campupdk@campubank.com.khTel : (855-23) 992 481Fax: (855-23) 992 484Tel : (855-23) 969 601Fax: (855-23) 969 606Tel : (855-33) 932 760,Fax: (855-33) 932 764Tel : (855-23) 969 610,Fax: (855-23) 969 614Tel : (855-23) 998 091Fax: (855-23) 998 094៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201163

2345Keng Kong, Khan Chamkarmon, Phnom Penh.MAY BANK PHNOM PENH BRANCH.# 4B, Kramoun Sar St.,Sangkat Phsar Thmey 1,Khan Daun Penh,Phnom Penh, Cambodia.1- Toeuk Thla Sub Branch#13-15 Eo Attwood Business Center,St.110A,Sangkat ToeukThla,KhanReussey Keo, Phnom Penh.2- Mao Tse Toung Sub Branch# 158 BCD, Mao Tse Toung Blvd., Sangkat Tom Noub Tuek,KhanChankarmon, Phnom Penh.3- Sieamreap Sub Branch# 13 14 15, Preah Sangareach Tep Vong St., Mondul2 Village,Svay Dangkum Commune, Siem Reap Districl, Siem Reap Province.4- Chbar Ampov Sub Branch#27-29 Eo+E1 National Road 1, Kandal Village, Sangkat Chbar ampov2Khan Mean Chey, Phnom Penh.5- Olympic Sub Branch#323-325 Eo+E1 Street 274, Sangkat Veal Vong, Khan 7 Makara,Phnom Penh.6- Toul Kork Sub Branch# 93A1-A2, Street 289, Group 67, Village 14, SangkatBoeungkok 2, Khan Toul Kork, Phnom Penh.7- Battambang Sub Branch.# 136 EOZ , Street No.3, Group29, 20 Ousaphea Village, Svay PorCommune, Battambang City, Battambang Province.8- Sihanoukville Sub-Branch#212,EkareachStreete,Sangkat No.2,KhanMettapeap,PreahSihanoukProvince.FIRST COMMERCIAL BANK PHNOM PENH BRANCH.# 66, Preah Norodom Blvd., Sangkat Chey Chumneas,Khan DaunPenh, Phnom Penh, Cambodia.1- CHom CHao Sub-Branch#3-5, Prey Chisak Village, Sangkat Chom Chao, Khan Dangkor,Phnom penh.2- Olympic Sub-Branch#155AB, Street 215, Sangkat Phsar Depo i, Khan Toul Kork,Phnom penh.KRUNG THAI BANK PUBLIC CO., LTD PHNOM PENHBRANCH.# 149, 215 Road, Sangkat Phsar Depo1, Khan Toulkork,Phnom Penh, Cambodia.1- Siem Reap Sub-Branch.#11-12(1sTFloor)Cultural Mall, Angkor National Museum, Charlede GauleSt, Salakanseng Village, Svay Dangkom Commune,Siem Reap District, Siem Reap Province.CANADIA BANK PLC.# 265-267-269, Ang Doung Street (110), Sangkat Wat Phnom,Khan Daun Penh, Phnom Penh, Cambodia.1- Olympic Branch.# 394 Eo , Sihanouk St., Sangkat Olympic, KhanChamkarmon,Phnom Penh.2- Sihanouk Ville Branch.# 197, Ekreach St., Sangkat 2, Khan Mitapheap, Sihanouk Ville.3- Kompong Cham Branch.Preah Monivong St., Village 7, Kompong Cham Commune,Kompong Cham District, Kompong Cham Province.4- Battambang Branch .#11-13, Prek Mohatep Village, Svaypor Commune,Battambang District, Battambang Province.5- Pailin City Branch.Phum Bordenneav, Sangkat Pailin, Khan Pailin, Pailin City.6- Charle De Gaule Branch.# 126, Charle de Gaule Blvd.,Sangkat Oreussey 4, Khan 7Makara, Phnom Penh.Tel: (855-23) 210 255 / 210 123Fax: (855-23) 210 099E-mail:mbb@maybank.com.khTel: (855-23) 866 052Fax: (855-23) 866 054E-mail: ratha@maybank.com.khTel: (855-23) 216 436/216 437Fax: (855-23) 216 438Tel:(855-63) 761 063,Fax: (855-63) 761 065Tel: (855-23) 720 696Fax: (855-23) 720 538Tel: (855-23) 993 155/993 154Fax: (855-23) 993 153Tel: (855-23) 999 205/999 206Fax: (855-23) 999 203Tel : (855-53) 731 208Fax: (855-53) 731 201Tel : (855-10) 777 234Tel: (855-23) 210 026-28Fax: (855-23) 210 029Email:fcbpp@online.com.twTel : (855-23) 865 171-73Fax: (855-23) 865 175Email:i9182@firstbank.com.twTel : (855-23) 865 171-73Fax: (855-23) 865 175Email:i918c@firstbank.com.twTel: (855-23) 366 005 / 882 959Fax: (855-23) 428 737E-mail:ktbpmp@online.com.khTel: (855-63) 964 758,Fax: (855-63) 964 759E-mail:ktbsre@camshin.com.khTel: (855-23) 868 222,Fax: (855-23) 222 830E:canadia@canadiabank.com.khWWW.canadiabank.comTel: (855-23) 218 397/ 218 378Fax: (855-23) 218 395E:canadia.ob@canadiabank.com.khTel : (855-34) 933 490,Fax: (855-34) 933 697E:canadia.sb@canadiabank.com.khTel : (855-42) 941 361,Fax: (855-42) 941 360E:canadia.kc@canadiabank.com.khTel : (855-53) 952 267,Fax: (855-53) 952 005E:canadia.bb@canadiabank.com.khTel : (855-16) 530 011 / 864 399E:canadia.bl@canadiabank.com.khTel: (855-23) 214 868 / 214 896Fax: (855-23) 214 288E:canadia.cg@canadiabank.com.kh៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201164

7-Siem Reap Branch.Sivutha St, Mundul 1, Svay Dangkum Commune, Siem ReapDistrict,Siem Reap Province.8-Poipet Branch.At the National Road No. 5, Kbal Spean Village, PoipetCommune, Ochrov District, Banteaymeanchey Province.9-Kampot Branch.# 33, Vithey Angkor, Kompong Bay Khang Tbong Village,Kompong Bay Commune, Kompong Bay District, Kampot Province.10-Sorya Branch.Shopping Center Sorya,63 St., Sangkat Phsar Thmey 1, KhanDaun Penh, Phnom Penh.11-Banteaymeanchey Branch.#15,16,17-18, Village 3, Preah Ponlea Commune, Serey SophornDistrict, Banteay Meanchey Province.12-Pochentong Branch.# 327, Russian Blvd., Sangkat Kakap, Khan Dang Kor, Phnom Penh.13-Ta Khmao Branch.# 301, St.207, Ta Khmao Village, Ta Khmao Commune, TaKhmao District, Kandal Province.14-Kompong Chhnang BranchNational Road 5, Lor Toeuk Trey Village, Kg. ChhnangCommune,Kompong Chhnang District, Kompong Chhnang rovince.15-Neak Loeung Branch# 255-257, Village 4, Preak Ksay Commune, Peamro District,Prey Veng Province.16-Stat Chas Branch# A15, St.93-70-900, Sangkat Sras Chok, Khan Daun Penh Phnom Penh17-Sovanna Branch# 307-309, St,271, Sangkat Tumnup Teuk, Khan ChamcarmornPhnom penh18-Kbal Thnol Branch#480, National Road 2, Sangkat Chak Angre Loeu, Khan MeanChey Phnom Penh19-Chanla BranchMao Tse Tung Blvd., Sangkat Phsar Deum kor, Khan ToulKork, Phnom Penh,20-HengLy Branch# 27B, St.271, Sangkat Teuk Thla, Khan Russey Keo, Phnom Penh.21-Tuolkork Branch# 101, St.289, Sangkat Beungkok1, Khan Toul Kork, Phnom Penh.22-Pursat BranchNational Road 5. Sathany Village, Svay Att Commune,Sampovmeas District, Pursat Province.23-Suon Ousahakam BranchChomchao Road, Trapeang Tloeng Village, SangkatChomchao Khan Dangkor, Phnom Penh.24-Takeo Branch# 91,Street 20, Lory Village, Rokar Knong Commune, DaunKeo District,Takeo Province.25-Chbar Ampov Branch# 570BEo, National Road 1, Sangkat Chbar Ampov 2, KhanMean Chey, Phnom Penh.26-Kratie Branch.Kratie Village, Kratie Commune, Chet Borey District, KratieProvince.27-Krong Soung Branch.At Soung Lech village, Soung Commune, Thbong Khmom District,Kampong Cham Province.28-Baveth Branch.#61, Preah Monivong Blvd., Sangkat Srah Chork, Khan DaunPenh, Phnom PenhTel : (855-63) 964 808,Fax : (855-63) 964 809E:canadia.sr@canadiabank.com.khTel : (855-54) 967 107,Fax : (855-54) 967 104E:canadia.sr@canadiabank.com.khTel: (855-33) 932 392,Fax: (855-33) 932 391Tel: (855-23) 220 311 / 220 312Fax: (855-23) 220 313E:canadia.ss@canadiabank.com.khTel : (855-54) 958 989 / 958 969Fax: (855-54) 710 263E:canadia.bm @canadiabank.com.khTel : (855-23) 890 805 / 890 806Fax : (855-23) 890 807E:canadia.pt@canadiabank.com.khTel. : (855-23) 425 885 / 425 886Fax: (855-23) 425 887E:canadia.tk@canadiabank.com.khTel : (855-26) 770 017Fax: (855-26) 770 027E:canadia.kn@canadiabank.com.khTel : (855-43) 750 221 / 750 222Fax: (855-43) 750 223E:canadia.nl@canadiabank.com.khTel : (855-23) 427 217Fax: (855-23) 427 226E:canadia.sc@canadiabank.com.khTel : (855-23) 214 129Fax: (855-23) 214 125E:canadia.sv@canadiabank.com.khTel : (855-23) 720 238Fax: (855-23) 720 292E:canadia.kb @canadiabank.com.khTel : (855-23) 880 619 / 880 620Fax: (855-23) 880 621E:canadia.cl@canadiabank.com.khTel : (855-23) 880 316Fax: (855-23) 880 319E:canadia.hl@canadiabank.com.khTel : (855-23) 880 492Fax: (855-23) 880 427E:canadia.tu@canadiabank.com.khTel : (855-52) 740 288Fax: (855-52) 740 289E:canadia.ps@canadiabank.com.khTel : (855-23) 865 257Fax: (855-23) 865 251E:canadia.sk@canadiabank.com.khTel : (855-32) 931 700Fax: (855-23) 931 160E:canadiata@canadiabank.com.khTel: (855-23) 720 068Fax: (855-23) 720 069E:canadia.ca@canadiabank.com.khTel : (855-72) 971 222Fax : (855-72) 971 234Tel:(855-42) 680 1111Fax: (855-42) 680 1113Tel : (855-44) 715 031Fax : (855-44) 715 033៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201165

629-Kombol Branch.National Road 4, Phum Trapanng Kol, Sangkat Kantork, KhanDangkor, Phnom Penh30-Kompong Thom Branch.#Phoum II, Sangkat Kompong Thom, Krong Stung Sen,Kompong Thom Province31-Koh Kong Branch.# Phom II, Sangkat Smach Meanchey, Khan Smach Meanchey,Krong Khemarak Phoumin, Koh Kong Province.32-Stung Treng Branch.#Phum Kandal, Sangkat Stung Treng, Krong Stung Treng, StungTreng ProvinceACLEDA BANK Plc.# 61, Preah Monivong Blvd., Sangkat Srah Chork, Khan DaunPenh, Phnom Penh, Cambodia.1- Phnom Penh Branch.# 29,St.217, Sangkat Veal Vong, Khan 7 Makara,Phnom Penh.2- Siem Reap Branch.# 1,2&3, Mondul 2 Village, Svay Dangkum Commune, SiemReap District, Siem Reap Province.3- Kampong Cham Branch.# P H 0458, National Raod 7, Village 6, Veal Vong Commune,Kg.Cham District, Kampong Cham Province.4- Banteay Meanchey Branch.# 268D,269D,270D,271D, Group13, Village3, Preah PonlearCommune, Serei Saophoan District, Banteay Meanchey Province.5- Battambang Branch.Kamakar Village, Svay Por Commune, Battambang District,Battambang rovince.6- Kampot-Kep Branch.Ekreach St., 1 Ousphea Village, Sangkat Kampong Kandal,Kampot Municipality, Kampot Province.7- Takeo Branch.Road 2, Lory Village , Rokar Khnong Commune, Don KeoDistrict, Takeo Province.8- Sihanouk Branch.#135, St.Ekareach, Phum 1, Sangkat 2, Sihanouk Municipality,Sihanouk Province.9- Pursat Branch.N o 239, National Road5, Peal Nhek 1Village, Pteah PreyCommune, Sampov Meas District, Pursat Province..10-Kampong Thom Branch.# 36, National Road 6, Group 3, Stung Sen Village, Kg. KrabaoCommune, Stung Sen District, Kampong Thom Province.11-Kampong Speu Branch.National Road.4, Samnang Village, Rokar Thom Commune,Chbar Mon District, Kampong Speu Province.12-Kampong Chhnang Branch.Trapaing Bei Village, Phsar Chhnang Commune, Kg.ChhnangDistrict, Kampong Chhnang Province.13-Svay Rieng Branch.Rong Banlae Village, Svay Rieng Commune, Svay RiengDistrict, Svay Rieng Province.14-Prey Veng Branch.Group 9, Village 4, Kampong Leav Commune, Kampong LeavDistrict, Prey Veng Province.15-Daun Penh Branch.# 248, Preah Monivong Blvd., Sangkat Boeung Raing, KhanDaun Penh, Phnom Penh.16-Dangkor Branch.Group 9, Phum Paprak Khang Cheung, Sangkat Kakab, KhanDangkor, Phnom Penh.Tel: (855-23) 968 787Fax: (855-23) 968 786Tel: 062 961 788,Fax: 062 961 786Tel: 035 936 787,Fax: 035 936 786Tel: 074 973 787,Fax: 074 973 889Tel : (855-23) 998 777 / 430 999Fax: (855-23) 998 666 / 430 555Email:acledabank@acledabank.com.khwebsite: www.acledabank.com.khTel : (855-12) 545 668Email:ckm.bm@acledabank.com.khTel : (855-12) 900 101Email:srp.bm@acledabank.com.khTel : (855-12) 900 110Email:kcm.bm@acledabank.com.khTel : (855-12) 914 057Email:bmc.bm@acledabank.com.khTel : (855-12) 900 103Email:btb.bm@acledabank.com.khTel : (855-12) 900 107Email:kpt.bm@acledabank.com.khTel : (855-12) 972 256Email:chhim.touch@acledabank.com.khTel : (855-12) 900 106Email:sith.sophary@acledabank.com.khTel : (855-12) 900 104Email:pur.bm@acledabank.com.khTel : (855-12) 835 290Email:ktm.bm@acledabank.com.khTel : (855-12) 900 105Email:ksp.bm@acledabank.com.khTel : (855-12) 900 112Email:kcg.bm@acledabank.com.khTel : (855-12) 900 121Email:tol.thol@acledabank.com.khTel : (855-12) 900 120Email:pvg.bm@acledabank.com.khTel : (855-12) 545 664Email:dpn.bm@acledabank.com.khTel : (855-12) 545 663Email:dkr.bm@acledabank.com.kh៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201166

717-Russey Keo I Branch.# 482, Group 6, Phum Spean Khpous, Sangkat Kilometre 6,Khan Russey Keo, Phnom Penh.18-Russey Keo II Branch.#A06-A07-A08-A09, Group 8, Phum 3, Sangkat Chruoy ChangVar, Khan Russey Keo, Phnom Penh.19- Rattanakiri Branch.Village1,Labanseak Commune,Banlung District,Rattanakiri Province.20- Kandal Branch.#15, National road2,Takhmao Village,Takhmao Commune,Takhmao District, Kandal Province.21- Otdar Meanchey Branch.#127, Group 4, Samraong Village, Samraong Commune,Samraong District, Otdar Meanchey Province.22- Kratie Branch.Sihanouk Rd. , Group 9, Phsar Veng Village, KratieCommune, Kratie District, Kratie Province.23- Pailin Branch.#Chor2-231, Phum Pahi Tboung, Sangkat Pailin, Khan Pailin, Pailin City.24- Koh Kong Branch.St.48, Village1, Smach Mean Chey Commune, Smach MeanChey District, Koh Kong Province.25- Preah Vihear Branch.Lor Oet Village, Kampong Pranak Commune, Tbeng MeanChey District, Preah Vihear Province.26- Mondulkiri Branch.O Spean Village, Speanmeanchey Commune, SenmonoromDistrict, Mondulkiri Province.27-Stung Treng Branch.Kandal Village, Stung Treng Commune, Stung Treng District,Stung Treng Province.28-Meanchey Branch.# 32, National Road N o 1, Group 3, Phum Doeum Ampil, SangkatChbar Ampeou I, Khan Mean Chey, Phnom Penh.29- Boeung Trabek Branch.#28, Mao Tse Tung Blvd., Sangkat Beung Trabek, KhanChamkarmon, Phnom Penh.30- Stung Meanchey Branch.# 235, Monireth St..,(217), Group 51, Phum 17, SangkatBoeung Salang, Khan Toul Kork, Phnom Penh.31- Chom Choa Branch# 142-143, National Road No 4, Group3, Prey ChisakVillage, Sangkat Chom Choa, Khan Dangkor, Phnom Penh32- Toul Kork Branch# 99C5-101A1-A2-A3-A4, 289 St.,Sangkat Boeung Kok1, Khan ToulKork, Phnom Penh.33- Stung Meanchey II Branch#A1-A2-A3-A4, Monireath Blvd.,Trea Village,SangkatSteung Meanchey, Khan Meanchey, Phnom Penh.34- Phsar Doeum Thkauv# 606, Street 271, Group 37, Phum 6, Sangkat Phsar DoeumThkauv Khan Chamkarmon, Phnom Penh.35- Phsar Leu Branch# 0381, National Road No. 6, Group 8, Chong Kavsou Village,Sangkat Slarkram, Krong Siem Reap, Siem Reap Province.36- Battambang Branch.# 602, National Road No.5, Group 13 Rumchek 4 Village,Sangkat Ratanak, Krong Battambang, Battambang Province.CAMBODIAN COMMERCIAL BANK LTD.# 26, Preah Monivong Blvd., Sangkat Phsar Thmey 2,Khan DaunPenh, Phnom Penh.Cambodia.Tel : (855-12) 545 661Email:rsk1.bm@acledabank.com.khTel : (855-12) 545 662Email:rsk2.bm@acledabank.com.khTel : (855-12) 301 999Email:rki.bm@acledabank.com.khTel : (855-12) 284 284Email:tkm.bm@acledabank.com.khTel : (855-12) 200 444Email:pen.sovy@acledabank.com.khTel : (855-12) 889 196Email:kte.bm@acledabank.com.khTel : (855-12) 922 930Email:pln.bm@acledabank.com.khTel : (855-12) 922 660Email:kkg.bm@acledabank.com.khTel : (855-12) 922 550Email:neang.sophana@acledabank.com.khTel : (855-12) 302 999Email:chea_sopheak@acledabank.com.khTel : (855-12) 966 222Email:stg.bm@acledabank.com.khTel : (855-12) 473 999Email:mch.bm@acledabank.com.khTel : (855-12) 274 999Email:btrckm.bm@acledabank.com.khTel : (855-12) 426 999Email:nheng.yong@acledabank.com.khTel : (855-15) 800 844Email:.bm@acledabank.com.khTel : (855-15) 900 198E:sok.vanny@acledabank.com.khTel : (855-15) 700 877E:onn.samol@acledabank.com.khTel: (855-23) 993 585/ 993 575Fax: (855-23) 993 779Email:pdt@acledabank.com.khTel: (855-23) 993 585/ 993 575Fax: (855-23) 993 779Email:pdt@acledabank.com.khTel: (855-53) 953 152Fax: (855-53) 952 051Tel.: (855-23) 426 145 / 426 638Fax: (855-23) 426 116Email:ccbpp@online.com.kh៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201167

891011121- Battambang Branch.Near Railway Station, Rokra Road,Kg.Krobey Village, SvayporCommune, Battambang Province.2- Siem Reap Branch.# 130, Sivatha Road, Mondol 1Village, Svay DangkumCommune, Siemreap District, Siemreap Province.3- Sihanouk Ville Branch.# 242, Ekareach Street, Sangkat 2, Khan Mittapheap, Sihanouk Ville.UNION COMMERCIAL BANK PLC.# 61,130 Road, Sangkat Phsar Chas, Khan Daun Penh, Phnom Penh.1-Sihanouk Ville Branch.#195, Vithei Ekreach, Sangkat II, Khan Mittapheap, Sihanouk Ville.2- Siem Reap Branch.Mondol1, Khum Svay Dangkum, Siem Reap District, SiemReap Province.3- Battambang Branch.#100 Eo ,Group9,Phum Prek Moha Tep,Khum Svay Por,SrokSvay Por, Battambang Province.4- Olampic Branch.#73-75, Street 286 Sangkat Olampic, Khan Chamkarmon, Phnom Penh.VATTANAK BANK#89, Preah Norodom Blvd., Sangkat Boeung Raing, Khan Daun Penh,Phnom Penh, Cambodia.1- Siem Reap Branch.Sivatha Road, Svay Dangkom Commune, Siem Reap District,SiemReap Province.2- Olympic Branch#298CDE, St.284, Sangkat Olympic, Khan Chamkarmon, PhnomPenhCAMBODIA ASIA BANK LTD.# 439, Preah Monivong Blvd., Sangkat Boeung Prolit, Khan 7Makara, Phnom Penh,FOREIGN TRADE BANK OF CAMBODIA.#3, St.,114 and 53, Sangkat Phsar Thmey 1, Khan Daun Penh, PhnomPenh, Cambodia.1- Samdach Pan Branch# 49,Samdach Pan(214)CornerTrasak Paem(63), Sangkat Boeung Raing,Khan Daun Penh, Phnom Penh.2- Port of Sihanouk Ville Branch.Terak Vithei Samdech Akka Moha Padei Techo HUN SEN,Sangkat 3, Sihanouk Ville City, Sihanouk Ville Province.3- Olympic Market Branch.#392E0, Street 193, Sangkat Olympic Khan Chomkarmon,Phnom Penh.SINGAPORE BANKING CORPORATION Ltd.# 68, Samdech Pan St.(214), Sangkat Boeung Raing, Khan DaunPenh,Phnom Penh, Cambodia.1- Nehru Branch.#168 GE0 , Jawaharlal Nehru Blvd.(St.215), Sangkat Veal Vong,Khan 7 Makara, Phnom Penh.2- Siem Reap Branch# 17A-18A, Sivutha St., Mondul 1, Svaydangkum Commune,Siem Reap District, Siem Reap Province.3- Sihanouk Ville#255, Vithei Ekreach, Group 14,Village 2, Sangkat II, KhanMittapheap, Sihanouk Ville4- Toul Tompoung 2 Branch# 94 Street 271. Sangkat Toul Tom Poung 2, Khan Chankarmon, Phnom Penh.Tel: (855-53) 952 266Fax: (855-53) 370 130Email:ccbbb@camshin.netTel: (855-63) 964 392Fax: (855-63) 380 154, 964 517Email:ccbsr@camshin.netTel : (855 34) 934 777,Fax: (855 34) 934 999Email:ccbsvb@camshin.netTel: (855-23) 218 682 / 427 995Fax:(855-23) 427 997Email: ucb@bigpond.com.khTel: (855-34) 933 833 / 933 836Fax:(855-34) 320 318Email: ucbsvb@ucb.com.khTel: (855-63) 963 703 / 963 704Fax:(855-63) 380 368Email: ucbsrb@ucb.com.khTel: (855-53) 952 552 / 952 525Fax:(855-53) 952 852Email: ucbbbb@ucb.com.khTel : (855-63) 964 808,Fax : (855-63) 964 809E:canadia.sr@canadiabank.com.khTel: (855-23) 210 871,Fax: (855-23) 210 887Email: olampic@ucb.com.khTel: (855-63) 767 333,Fax: (855-63) 767 222E: service@vattanacbank.comTel: (855-23) 217 683,Fax: (855-23) 217 693E: phearum@vattanacbank.comTel: (855-23) 220 000, 722 105Fax: (855-23) 426 628Email: cab@cab.com.khTel: (855-23) 724 466,723 854,722 466Fax: (855-23) 426 108, 426 410E-mail: ftb@camnet.com.khTel: (855-23) 999 080Tel : (855 34) 936 111Fax: (855 34) 936 222Eml: sihanoukville@ftbbank.comTel : (855 23) 982 888Fax: (855 23) 994 888Tel: (855-23) 211 211,Fax: (855-23) 212 121website: www.sbc-bank.comEmail : info@sbc-bank.comTel: (855-23) 882 255website: www.sbc-bank.comEmail : smey@sbc-bank.comTel: (855-63) 963 838website: www.sbc-bank.comEmail : amhun@sbc-bank.comTel: (855-34) 934 228website: www.sbc-bank.comEmail : narak@sbc-bank.comTel:(855-23) 220 238,Fax: (855-23) 220 328E-mail: soan@sbc-bank.com៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201168

1314155- Mao Tse Toung Branch# 5-6B/294, Mao Tse Toung Blvd, Sangkat Tomnup Toeuk,Khan Chamkarmorn, Phnom PenhCAMBODIA MEKONG BANK PUBLIC LIMITED.# 06, Preah Monivong Blvd., Sangkat Srah Chak, Khan Daun Penh,Phnom Penh, Cambodia.1- Regency Square Branch.Regency Square Nº 298, Mao Tse Tung Blvd.& Nº 168, MonirethBlvd.,Sangkat Tumnub Toeuk, Khan Chamkarmorn, Phnom Penh.2- Siem Reap Branch.Sivutha St., Svaydangkum Commune, Siem Reap District,Siem Reap Province.3- Sihanouk Ville Branch.Group 7, Mondul 2, Sangkat 2, Khan Mittapheap, Sihanouk Ville.4- Daun Penh Branch.#01, Kramuon Sar St., Sangkat Phsar Thmey 1, Khan Daun Penh, Phnom Penh.5- Phsar Kandal Branch.#219F, Preah Sisovath Rd, Sangkat Phsar Kanda l1, Khan DaunPenh, Phnom Penh.ADVANCED BANK OF ASIA LIMITED.# 148, Preah Sihanouk Blvd., Sangkat Boeung Kengkang I, KhanChamkarmorn, Phnom Penh, Cambodia.1- Siem Reap Branch# A01-A02, Sivutha St., Mondul 1Village, SvaydangkumCommune, Siem Reap District, Siem Reap Province.2- Mao Tse Toung Branch# 151, Mao Tse Toung Blvd, Sangkat Boeung Keng Kang3,Khan Chamkarmorn, Phnom Penh3- Statde Chas Branch#26AEo-E1-E2,70 St.Group250,Village21,Sangkat Sras Chork,Khan Daun Penh, Phnom Penh.4- Toeuk Thla Branch# A39-A41, Russian Blvd., Sangkat Toeuk thla, Khan Russey Keo,Phnom Penh.5- Battambang Branch# 205-207, St., 3, Kamakar Village, Svay Por CommuneBattambang District, Battambang Province.6- Toul Kok Branch#10ABlock A7E0-3 and10A BlockA8E0-3,St.289 CornerSt.516,Sangkat Boeung Kok 1,Khan Toul Kok, Phnom Penh.7- Borei Keyla BranchCorner Street 134&169 Sangkat Veal Vong, Khan 7Makara,Phnom Penh8- Central BranchNo. 443 A Preah Monivong Blvd. Sangkat Beoung Prolit, Khan 7Makara, Phnom Penh.9- Kampong Cham BranchNo. 31, Street Monivong. Sangkat Kampong Cham, KrongKampong Cham, Kampong Cham Province.ANZ ROYAL BANK CAMBODIA Ltd.# 20 FE-EO , Corner of Kramoun Sar and St. 67, Sangkat Phsar Thmey 1,Khan Daun Penh, Phnom Penh, Cambodia.1- Independence Monument Branch.# 100, Sihanouk Blvd., Sangkat Chaktomuk, Khan Daun Penh,2- Riverside Branch.Nº 265, Sisowath Quay, Sangkat Phsar Kandal1, Khan Daun Penh,3- Olympic Market Branch.# 361-363, VetheiSihanouk., Sangkat Boeung Prolit, Khan 7 Makara,Phnom Penh.4- Kramoun Sar Branch.#20 FE-EO , Kramoun Sar Corner Street 67, Sangkat Phsar Thmey 1,Khan Daun Penh, Phnom Penh.Tel: (855-23) 424 495,Fax: (855-23) 424 485Email: rithea@sbc-bank.comTel: (855-23) 430 980,Fax: (855-23) 430 431E-mail: info@mekongbank.comTel: (855-23) 424 993,Fax: (855-23) 424 328E: mailbox@mekongbank.com.khTel: (855-23) 964 417,Fax: (855-23) 964 420E: mailbox@mekongbank.com.khTel: (855-23) 933 867,Fax: (855-23) 933 870E: mailbox@mekongbank.com.khTel: (855-23) 217 112,Fax: (855-23) 217 117E: mailbox@mekongbank.com.khTel: (855-23) 222 101,Fax: (855-23) 222 102E: mailbox@mekongbank.com.khTel: (855-23) 225 333,Fax: (855-23) 216 333E-mail: info@ababank.comTel: (855-63) 225 333,Fax: (855-63) 965 434E-mail: siemreap@ababank.comTel: (855-23) 225 333,Fax: (855-23) 216 135E: maotsetong@ababank.comTel: (855-23) 225 333,Fax: (855-23) 986 514E: stadechas@ababank.comTel: (855-23) 225 333,Fax: (855-23) 995 304E-mail: toekthla@ababank.comTel: (855-53) 653 603,Fax: (855-53) 953 603E: battambang@ababank.comTel: 098 203 859,Fax: (855-23) 883 596E: romnytheam@ababank.comTel: 098 203 869,Fax: (855-23) 999 995E-mail: tithya@ababank.comTel:(855-98) 203 879,Fax: (855-42) 210 575E-mail: central@ababank.comTel: (885-23) 225 333Fax: (855-23) 998 199E:kampongcham@ababank.comTel: (855-23) 726 900,Fax: (855-23) 221 309Email:ccc@anzroyal.comTel: (855-23) 999 000,Fax: (855-23) 223 217Email: Sopha.Min@anz.comTel: (855-23) 999 000,Fax: (855-23) 223 218Email: Sovichea.So@anz.comTel: (855-23) 999 000,Fax: (855-23) 223 214Email: Sokleng.Hong@anz.comTel: (855-23) 999 000,Fax: (855-23) 221 310Email: Sisowath.Vic@anz.com៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201169

1617185- Siem Reap Branch.Nº 566-568-570, Tep Vong St, Phum Mondul 1, Khum SvayDangkum, Srok Siem Reap , Siem Reap Province.6- Sihanouk Ville Branch.Nº215, Street Ekareach, Group 2, Khan Mittapheap, Sihanouk Ville.7- Battambang Branch.Nº 2, Street 1, 20 Ousphea Village, Svay Por Commune, BattambangDistrict, Battambang Province.8- Teuk Thla Branch.#1 E0- E1 , St.110A, Sangkat Teuk Thla, Khan Russey Keo, Phnom Penh.9- Pet Lok Sang Branch.# 1 AB, St.271, Sangkat Teuk Thla, Khan Russey Keo, Phnom Penh.10- Phsar Doeum Thkov Branch.# 616AB,St.271, Sangkat Phsar Doeum Thkov,Khan ChamkarmornPhnom Penh.11- Poipet Branch.# 22-23-24, National Road 5, Balelay Village, PoipetCommune,OChrov District, Banteay Meanchey Province.12- Kompong Cham Branch.Village 12, Kompong Cham commune, Kg.Cham district, Kg.Cham Province.13- Stung Meanchey Branch#23-25A, St.217, Sangkat Stung Meanchey, Khan MeancheyPhnom Penh, Cambodia.14- TaKhmao Branch# 1 Eo-E1-E2 Takhmao Commune,Takhmao District,Kandal Province15- Chbar Ampov Branch#35 Eo-E1-E2 , National Raod1,Sangkat Nirot, Khan Meanchey,P.Penh16- Chom Choa Branch# 1-2-3B, National Road 4, Prey Pring Village, Sangkat Chom Choa,Khan Dangkor, Phnom Penh.17- Tuol Kork Branch# 99C,Street Kim Il Song(289), Sangkat Boeungkak 2,Khan TuolKok,Phnom Penh.SHINHAN KHMER BANK Limited.# 277, Preah Norodom Bvld., Sangkat Tonle Bassac, KhanChamkarmorn, Phnom Penh, Cambodia.BANK FOR INVESMENT&DEVELOPMENT OF CAMBODIA Plc.#23, Kramoun Sar St.Corner St.67, Sangkat Phsar Thmey 2, Khan DaunPenh, Phnom Penh, Cambodia.1- Phnom Penh Branch.At N° 335, Preah Monivong Blvd, Sangkat Orrusey 4, Khan 7 Makara,Phnom Penh.2- Siem Reap Branch.At Office N° 22-23, Preah Sang Reach Tep Vong Street, Mondol 2, Svay DangkumVillage, Svay Dangkom Commune, Siem Reap District, Siem Reap Province.MARUHAN JAPAN BANK Plc.# 83, Preah Norodom Blvd, Sangkat phsar Thmey3,Khan Daun Penh,Phnom penh, Cambodia.19 KOOKMIN BANK CAMBODIA.# 55, 214 St. Sangkat Boeung Raing, Khan Daun Penh, Phnom Penh, Cambodia.BOOYOUNG KHMER BANK20 # 86-88, Preah Norodom Blvd, Sangkat Chaktomuk,Khan Daun Penh,Phnom Penh, Cambodia.21PHNOM PENH COMMERCIAL BANK# 767-769, Preah Monivong Blvd, Sangkat Boeung Trabek, hanChamkarmon, Phnom Penh, Cambodia.1- BS BRANCHBS Appartmemt Store, Preah Monivong Blvd., Sangkat Monorom,K han 7 Makara, Phnom Penh.2- Phsar Deum Kor BRANCHNo. 78, Preah Monireth Blvd., Sangkat Toul Svay Prey2, KhanChamKarmon, Phnom Penh.Tel: (855-63) 969 700,Fax: (855-63) 969 701Email: Chantha.Heng@anz.comTel: (855-34) 934 333,Fax: (855-34) 934 270Email: Vandeth.Phan@anz.comTel: (855-53) 953 830,Fax: (855-53) 953 831E: Chhivearn.Chhoeung@anz.comTel: (855-23) 995 998,Fax: (855-23) 995 997Email: Sandy.Chua@anz.comTel: (855-23) 995 190,Fax: (855-23) 995 191Email: Chankrisna.Ty@anz.comTel: (855-23) 999 000,Fax: (855-23) 994 521Email: Sodamoni.Chau@anz.comTel: (855-54) 967 771,Fax: (855-54) 967 772Email: Seila.Him@anz.comTel: (855-42) 942 300,Fax: (855-42) 942 301Email: Kokhin.Mao@anz.comTel: (855-23) 995 717,Fax: (855-23) 995 136Emial: Sokheng.Eng@anz.comTel: (855-24) 985 207,Fax: (855-24) 985 208Email: Phan.Yun@anz.comTel: (855-23) 999 000,Fax: (855-23) 993 088Email: Vannak.Mey@anz.comTel: (855-23) 999 000Email: Phearin.Eam@anz.comTel: (855-23) 999 000Fax: (855-23) 992 259Tel: (855-23) 727 380,Fax : (855-23) 727 383Tel : (855-23) 223 988Website: www.pisbank.comTel: (855-23) 210 440Fax: (855-23) 214 854Tel. : (855-63) 760 123Fax : (855-63) 760 456Tel : (855-23) 999 010Fax : (855-23) 999 011E : info@maruhanjapanbank.comTel : (855-23) 999 302,Fax : (855-23) 999 304Tel : (855-23) 222 900,Fax : (855-23) 214 736Email:info@bkb.com.khTel: (855-23) 999 500,Fax: (855-23) 999 508Website: www.ppcb.com.khTel: (855-23) 999 600,Fax: (855-23) 999 400E-mail:service@ppcb.com.khTel: (855-23) 999 700,Fax: (855-23) 999 701៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201170

22 O.S.K INDOCHINA BANK# 263, Ang Duong St. Sangkat Watt Phnom,Khan Daun Penh,hnom Penh, Cambodia.1- Stoeung Meanchey BranchStreet Monireat(217) corner of Chaksamram Road, Sangkat StoeungMeanchey, Khan Meanchet, Phnom Penh.2- City Mal Olympic BranchLot A3Eo, Ground Floor City Mal Olympic, Monireth Street,Sangkat Veal Vong, Khan 7 Makara, Phnom Penh.3- Kbal Thnal Branch#530A-B, Preah Monivong Blvd., Sangkat Tonle Bassac, KhanChamkarmon,PhnomPenh.4- Pet Lok Song Branch# 1-3, Street 271, Sangkat Toeuk Thla, Khan Sen Sok, Phnom Penh.5- Kampong Cham Branch# 41, National Road No.7, Sangkat Veal Vong, Krong CampongCham, Kampong Cham Province.6- Battambang Branch.At Building Nº 1-3-5-7, Street Nº 3, Phum Kamakor, Sangkat Svay Por,Krong Battambang, Battambang Province.7- Siem Reap Branch.At Building N° 12-14-16, National Road N° 6, Phom Banteay Chas,Sangkat Slorkram, Krong Siem Reap, Siem Reap Province.8- Preah Sihanouk Branch.At Building Nº 129, 7 Makara Street, Phum 2, Sangkat 4, KrongPreah Sihanouk, Sihanouk Province.23 BANK of INDIA Phnom Penh Branch10C No254(FA-R01) Monivong Blvd., Sangkat Boeung Raing, Khan DaunPenh, Phnom Penh.24 SACOM BANK Phnom Penh Branch#60, Preah Norodom Blvd, Sangkat Chey Chumnas, Khan Daun Penh,Phnom Penh, Cambodia.1- Olympic Sub-Branch.At Building Nº 319-321, Preah Sihanouk Blvd, Sangkat Veal Vong,Khan 7 Makara, Phnom Penh.2- VietnamSupermarket Sub-Branch.At Building Nº 717-719, Preah Monivong Blvd, Sangkat Boeung KengKoang III, Khan Chamkarmon, Phnom Penh.3- Chbar Ampeov Sub-Branch.At Building Nº 577A-578B, National Road 1,Sangkat Chbar VealVong, Khan 7 Makara, Phnom Penh.25 Hwang DBS Commercial Bank#61-64, Preah Norodom Blvd corner Steet 306, Sangkat Boeung kengkang1, Khan Chancarmon,Phnom Penh, Cambodia.1- Kampuchea Krom Branch.At Building Nº 640 E0-E1-E2, Kampuchea Krom Blvd, Sangkat PhsarDepo 2, Khan Toul Kork, Phnom Penh.2- Mau Tse Tung Branch.At Building Nº 187, Mau Tse Tung Blvd, Sangkat Toul Svay Prey1,Khan Chamkarmon, Phnom Penh.26 Vietnam Bank For Agriculture And Rural Development Cambodia Branch# N° 364, Preah Monivong Blvd, Sangkat Boeung keng kang1, KhanChancarmon,Phnom Penh, Cambodia.27 CIMB Comercial BankAt Office N° 20A/B, Preah Norodom Blvd Coner of Street 118, SangkatPhsar Chas, Khan Dong Penh, Phnom Penh.1- Norodom SouthBranchNo. 18E Building No.216,Preah Norodom Blvd. SangkatTonle Basac, Khan Chamkarmon, Phnom Penh.2- Mao Tse Toung BoulevardBranchNo. 187EoE1, Mao Tse Toung Blvd. Sangkat Toul Svay Prey 1,Khan Chamkarmon, Phnom Penh.Tel : (855-23) 992 833,Fax: (855 23) 991 822Website:www.osk.com.khTel: (855-23) 969 22 8Fax: (855 23) 969 231Tel: (855-23) 993 56 8Fax: (855 23) 993 565Tel: (855-23) 993 598Fax: (855 23) 993 593Tel: (855-23) 969 368Fax: (855 23) 959 370Tel: (855-42) 942 811Fax: (855 42) 942 899Tel: (855-16) 988 955Fax: (855-53) 952 816Tel. : (855-63) 969 811Fax : (855-63) 969 816Tel: (855-34) 934 811Fax: (855-34) 934 816Tel: (855-23) 219 364Fax: (855 23) 219 354Tel: (855-23) 223 422Fax: (855 23) 223 433Tel: (855-23) 223 420Fax: (855-23) 223 402Tel: 012 525 347Tel: (855-23) 223 420Fax: (855-23) 223 402Tel: (855-23) 218 866Fax: (855 23) 220 108Tel: (855-23) 223 420Fax: (855-23) 223 402Tel: (855-23) 220 080Fax: (855-23) 220 081Tel: (855-23) 223 750Fax: (855 23) 223 770Email:phongvbard@yahoo.comTel: (855-23) 988 088Fax: (855 23) 988 099Tel: (855-23) 988 799,Fax855-23) 988 699Tel: (855-23) 998 048៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201171

3- Preah Sihanouk Boulevard Branch# 57 F, Preah Sihanouk Blvd. Sangkat Chamkarmon, Khan DaunPenh, Phnom Penh.4- Preah Sihanouk Branch#90, Ek Reach Blvd, Sangkat No .4, Krong Preah Sihanouk , PreahSihanouk Province.5- Olampic Branch#201. Jawaharial Nehru Blvd. Sangkat Phsar Doeum Kor, KhanToul Kork, Phnom Penh.6- Siem Reap Branch BranchNo. 38-39-40, Sivatha Street, Sangkat Svay Dangkom, Krong SiemReap, Siem Reap Province.28 Bank Of China Limited Phnom Penh BranchAt Canadia Tower 1 st - 2 nd Floor, N o 315, Preah Monivong Blvd, Coner Of StreetAng Duong, Sangkat Wat Phnom, Khan Don Penh,Phnom Penh, Cambodia.29 Mega International Commercial Bank Co.Ltd. Phnom Penh BranchNo. 139,St.274&41, Sangkat Boeung Kengkang1, KhanChamkarmon, Phnom Penh30 ICBC Bank Limited Phnom Penh BranchNo. 15, Preah Norodom Blvd., Sangkat Phsar Thmei 1, Khan DaunPenh, Phnom Penh, Cambodia.31 MB Bank Plc. Phnom Penh Branch CambodiaPhnom Penh Tower, #445, 1and2 Floor, Preah Monivong Blvd.,Sangkat Boeung Prolit, Khan 7 Makara,Phnom Penh, Cambodia.SPECIALIZED BANKS1 RURAL DEVELOPMENT BANK# 9,13, St.7, Sangkat Chaktomuk, Khan Daun Penh,Phnom Penh,Cambodia .2 SPECIALIZED BANK PHSME.#72, Preah Norodom Blvd. Sangkat Chey Chumneas,Khan Daun Penh,Phnom Penh, Cambodia.3 FIRST INVESTMENT SPECIALIZED BANK# 72, Preah Sihanouk Blvd, Sangkat Tonle Bassak, Khan Chamkarmon,Phnom Penh, Cambodia.4 ANCO SPECIALIZED BANK# 20, 217 St., Sangkat Veal Vong, Khan 7Makara, Phnom Penh,Cambodia.5 TOMATO SPECIALIZED BANK# 66 Fifth Floor, Preah Norodom Blvd., Sangkat Chey Chumneas, KhanDaun Penh, Phnom Penh, Cambodia.6 ANGKOR CAPITAL SPECIALIZED BANK#202, Preah Norodom Blvd, Sangkat Tonle Bassac,Khan Chankarmon, PhnomPenh, Cambodia.7 CAMKO Specialized Bank#202, Preah Norodom Blvd, Sangkat Tonle Bassac, Khan Chamkarmon,Phnom Penh, Cambodia.LICENSED MICROFINANCE INSTITUTIONS1 AMRET Microfinance Institutions.#35BA, St.169, Sangkat Veal Vong, Khan 7 Makara,Phnom Penh,Cambodia.2 HATTHAKAKSEKAR Microfinance Institutions.# 239, Street Trasakpeam(63), Sangkat Boeung Keng Kang I, KhanChamkarmon, Phnom Penh, Cambodia.3 THANEAKEA PHUM CAMBODIA# 94, Street 360, Sangkat Boeung Keng Kang 3, Khan Chamkarmon,Phnom Phenh, Cambodia.4 SATHAPANA Microfinance Institutions.# 381C, Preah Monivong Blvd., Sangkat Phsar Deumthov, KhanChamkarmon, Phnom Phenh, Cambodia.5 SEILANITHIH Microfinance Institutions.# 35, Street 360, Sangkat Boeung Keng Kang 1, Khan Chamkarmon,Phnom Penh, Cambodia.Tel: (855-23) 987 648Tel: 034 934 768Tel: (855-23) 987 638Tel: 063 968 168Tel: (855-12) 956 966 / 992 428Tel: (855-23) 988 102Tel: (855-23) 965 291Tel: (855-16) 880 295Tel : (855-23) 220 810, 220 811Fax: (855-23) 722 388Email: rdb@online.com.kh.Tel.: (855-23) 219 243, 219 245Fax: (855-23) 219 185Email:pengheng@camnet.com.khTel : (855-23) 222 281Fax: (855-23) 222 281Email: service@fibank.com.khTel:(855-23) 993 133Fax: (855-23) 993 133Tel: (855-23) 227 555Fax: (855-23) 214 717Tel : (855-23) 993 168Fax : (855-23) 994 168E:info@angkorcapitalbank.com.khTel: (855-23) 224 660Fax: (855-23) 224 661-2Website: www.camkobank.comTel: (855-23) 362 913, 880 942Fax: (855-23) 881 342E-mail: phalarin@emt.com.khTel.: (855-23) 994 304, 224 102Fax: (855-23) 994 303E:hatthakaksekar@online.com.khTel: (855-23) 211 165, 216 960Fax: (855-23) 216 960Email: dml@bigpond.com.khTel: (855-23) 217 749,Fax: (855-23) 217 749Email: cebpp@forum.org.khTel: (855-23) 367 089,Fax: (855-23) 990 225Email: selanithih@online.com.kh៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201172

6 ANGKOR MICROHERANHVATHO KAMPUCHEA# 442, Street 193, Sangkat Toul Svay Prey 1, Khan Chamkarmon,PhnomPenh, Cambodia.7 VISION FUND (Cambodia) Ltd.# 20, St.71, Sangkat Tonle Bassac, Khan Chamkarmon,Phnom Penh,Cambodia.8 CREDIT Microfinance Institutions.#18, St.422, Sangkat Tonle Bassac, Khan Chamkarmon,Phnom Penh,Cambodia.9 PRASAC MICROFINANCE INSTITUTION Ltd.#25,Street 294-57,Sangkat Boeung Keng Kang I, Khan Chamkarmon,Phnom Penh, Cambodia.10 FARMER UNION DEVELOMENT FUND#753, Preah Monivong Blvd, Sangkat Boeung Trabek I,Khan Chamkarmon, Phnom Penh, Cambodia.11 CAMBODIAN BUSINESS INTEGRATE IN RURAL DEVELOPMENT#337, Group 9, Russeykrok Village-Commune, Mongkolborey District,Banteay Meanchey12 MAXIMA MICROHERANHVATHO#39, St.374, Sangkat Toul Svay Prey1, Khan Chamkarmon, Phnom Penh,Cambodia.13 INTEAN POALROATH RONGROEURNG#108, Confederation de la Russe Blvd, Sangkat Teuk Laak I, Khan ToulKork, Phnom Penh, Cambodia.14 SAMIC MICROFINANCE INSTITUTION# 276, St.156, Sangkat Teuk Laak II, Khan Toul Kork, Phnom Penh,Cambodia.15 ENTEAN AKPEVATH PRACHEACHUN Ltd (EAP)N o 189 Eo -191 Eo , St.Kampuchea Krom (128), Sangkat Mettapheap, Khan7 Makara, Phnom Penh, Cambodia.16 FAMER FINANCE Ltd.#1071, National Road 2, Sangkat Chak Angre Leu, Khan Mean Chey, PhnomPenh, Cambodia.17 GREEN CENTRAL MICROFINANCE# 640EF, Street 271, Village 6, Sangkat Phsar Doeum Thkov KhanChamkarmon, Phnom Penh, Cambodia.18 FIRST FINANCE#18, Street 16 BT, Sansamkosal 1Village, Sangkat Boeung TumpunKhan Mean Chey, Phnom Penh.19 Y.C.P MICROFINANCE# 71, St.118, Sangkat Teuk Laak1,Khan Toul Kok, Phnom Penh20 CAM CAPITAL MICROFINANCE# 689B, Campucheakrom Blvd. Sangkat Teuk Laak1, Khan Toul Kok, Phnom Penh21 SAMRITHISAK Microfinance Limited# BB8-H5, St.101, Sangkat Boeung Trabak, Khan Chamkarmon, Phnom Penh22 CAMMA MICROFINANCE Ltd.At N o 49, Street 294, Sangkat Boeung Keng Kang 1, Khan Chamkarmon, PhnomPenh, Cambodia.23 ANGKOR ACE STAR CREDIT Ltd.At N o 99 Street 274, Preah Sihanouk Blvd, Sangkat Chaktomouk, KhanChamkarmon, Phnom Penh, Cambodia.24 KHEMARAK MICROFINANCE INSTITUTION Ltd.At N o 30 E0, Street 128, Sangkat Phsar Thmey 2, Khan Daun Penh, Phnom Penh25 PRIME MF MICROFINANCE INSTITUTION LtdAt N o 19A, Street 271, Sangkat Tomnub Teuk, Khan Chamkarmon,Phnom Penh.26 SONATRA MICROFINANCE INSTITUTION LtdN o 432, Preah Monivong Blvd, Sangkat Tonle Bassac, KhanChamkarmon, Phnom Penh.27 MALIS MICROFINANCE INSTITUTION LtdN o 119B, Street 271, Phum3, Sangkat Phsar Derm Thkov1, KhanChamkarmon, Phnom Penh.28 CHANROEUN MICROFINANCE LtdN o 42 D, Street 320, Sangkat Boeung Keng Kang 3, Khan Chamkarmon, PhnomPenh.Tel: (855-23) 993 062Tel: (855-23) 216 052,Fax :(855-23) 216 220Tel: (855-23) 217 942, 219 228Fax: (855-23) , 217 942E-mail:credit-fin@online.com.khTel: (855-23) 220 102, 213 642Fax: (855-23) 216 362Email: info.pp@prasac.com.khTel: (855-23) 364 005,Fax: (855-23) 364 454E: arnusorn70@hotmail.comTel: (855-53) 953 044Email: cbird@camintel.comTel: (855-23) 214 240,Fax: (855)23 354 240Email:maximacredit@yahoo.comFax/Phone: (855-23) 990 237E-mail:cambodiarice@yahoo.comFax/Phone: (855-23 ) 354 435Email:chcmfi@camshin.com.khTel: (855-23) 884 355, 884 364Fax : (855-23) 884 377Email: Info@eapcredit.comTel: (855-23) 425 078Fax: (855)23 425 098Tel : (855-23) 994 455, 994 466Fax : (855-23) 994 477E : Hun-Sopheak@yahoo.comTel: (855-23) 997 937,Fax:(665-23) 997 937E: akada@firstfinancemfi.comTel: (855-23) 882 777E:ycpmicrofinance@online.com.khTel: (855-23) 999 990,Fax: (855-23) 996 002E-mail: info@camcapital.bizTel: (855-23) 993 333E-mail:samrithisak@yahoo.comTel: (855-23) 996 936,(855-16) 707 899Fax: (855-23) 996 937Tel: (855-23) 224 224,(855-92) 250 994Fax: (855-23) 224 704Tel: (855-23) 722 563Fax: (855-23) 426 117Tel: (855-17) 515 311,(855-97) 849 2327(855-23) 993 909Tel: (855-23) 727 137Tel: (855-23) 999 661Tel: (855-23) 987 566៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201173

29 ACTIVE People’s MICROFINANCE INSTITUTION Ltd.No. 19 Z1, Street 271, Sangkat Boeung Salang, Khan Toul Kork,Phnom Penh.30 BAYON CREDIT Limited MICROFINANCE INSTITUTION Ltd.No. 142Eo, Street169, Sangkat Veal Vong, Khan 7 Makara, PhnomPenh.31 AEOM MICROFINANCE (cAMBODIA) Private Company Ltd.No.320, Monivong Blvd, Corner Street 252, Sangkat Chaktumok,Khan Daun Penh, Phnom Penh.MICROFINANCE DEPOSIT TAKING INSTITUTIONS1 AMRET Microfinance Institutions#35BA, St.169, Sangkat Veal Vong, Khan 7 Makara,PhnomPenh,Cambodia.1- Kandal BranchPhum Preak Takov, Khum Preak Takov, Srok khsach kandal, Kandal Province.2- Kampot BranchPhum Sovann Sokor, Sangkat Kampong Kandal, Krong kampot, KampotProvince.3- Takeo BranchPhum Phsar Ta kor, Sangkat Roka khnong,, Krong Daun keo, Takeo Province.4- Kompong Speu BranchPhum Peanichkam, Sangkat Roka Thom,, Krong Chhba Mon,Kampong Speu Province.5- Kampong Cham BranchPhum Ty 2, Sangkat Veal Vong,, Krong Kampong Cham, Kampong ChamProvince.6- Siemreap BranchPhum Banteay Chas, Sangkat Sla kram,, Krong Siem Reap, Siem ReapProvince.7- Prey Veng BranchPhum Lo 2, Sangkat Kampong Leav, Krong Prey Veng Prey Vengprovince.8- Kompong Thom BranchPhum Thmei, Khum Treal, Srok Baray, Kampong Thom Province.9- Preah Sihanouk BranchPhum Boeung Veng, Khum Veal Rihn, Srok Prey Nub, Preah SihanoukProvince.10-Kompong Chhnang BranchPhum Soben, Khum Peani, Srok kampong Tralach, Kampong ChhnangProvince.11-Svay Rieng BranchPhum Svay kngor, Khum Svay Chrum, Srok Svay Chrum, Svay RiengProvince.2 SATHAPANA Microfinance Institutions# 831 C, Preah Monivong Blvd., Sangkat Phsar Deumtkov, KhanChamkarmon, Phnom Penh.Cambodia.1- Kandal Branch# 26, National Road No.2, Phum Takhmao, Sangkat Takhmao, KrongTakhmao, Kandal Province.2- Kampong Cham BranchSt.Kosama Neary Roat, Phum 7, Sangkat Kampong Cham, KrongKampong Cham, Kampong Cham Province.3- Siem Reap Branch#.439, St Lork Taneuy, Group 12, Phum Douk Pour, Sangkat Slorkram, Krong Siem Reap, Siem Reap Province.4- Kampong Thom Branch#.41,National Road No.6, Group 16, Phum Damrey Choin khlar, SangkatDamrey Choin khlar, Krong Stung Sen, Kampong Thom Province.5- Kampong Chhnang BranchNational Road No.5, Phum 1, Sangkat Ksam, Krong kampongChhnang, Kampong Chhnang Province.6- Pursat Branch# 216, National Road No. 5, Group 11, Phum Sathany, Sangkat SvayArt, Krong Pursat, Pursat Province.Tel: (855-23) 224 156Tel: (855-23) 6666 316Tel: (855-23) 988 789Tel : (855-23) 362 913, 880 942Fax: (855-23) 881 342E-mail: phalarin@emt.com.khTel: 012 793 810 / 012 804 349Tel: 012 957 655 / 012 634 044Tel: 012 754 914 / 012 634 047Tel: 012 969 607 / 012 634 049Tel: 012 994 595 / 012 634 048Tel: 012 781 480 / 063 395 869Tel: 012 642 747 / 012 634 046Tel: 012 714 476 / 062 390 001Tel: 012 317 978 / 077 959 686Tel: 012 486 260 / 026 393 907Tel: 012 370 798 / 044 395 505Tel: 023 223 058 / 013 203 333E: bun_mony@sathapana.comTel:024 393 977 / 012 897 803E: meas_nhep@sathapana.comTel: 042 942 011 / 081 808 808E: neav_sokun@sathapana.comTel: 063 963 491 / 012 498 339E: lem_sovann@sathapana.comTel: 062 962 862 / 012 934 125E: sonn_vy@sathapana.comTel: 026) 988 827 / 012 884 561E: run_limhour@sathapana.comTel: 052 951 027 / 012 596 986E: khis_bunreath@sathapana.com៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201174

7- Battambang Branch#.389, Group 8, Phum Romchek 4, Sangkat Rattanak, KrongBattambang, Battambang Province.8- Banteay Meanchey Branch#.55 A, National Road No.6, Group 3, Phum Kampong Svay, SangkatKampong Svay, Krong Serey Sophorn, Banteay Meanchey Province.9- Kampong Speu Branch# 5, National Road No.4, Group 1, Phum Borey Kammakor, SangkatRokar Thom, Krong Chbar Morn, Kampong Speu Province.10- Kampot Branch#186, National Road No.3, Phum Svay Thom, Sangkat rang Oempel,Krong Kampot, Kampot Province.11- Takeo Branch# 90, St.20, Phum Lory, Sangkat Rokarknong, Krong Dounkeo,Takeo Province.12- Prey Veng Branch# 10, Street 11,Group 4, Phum Odorm, Khum Prek Ksay A ,Srok Pearm Ror, Prey Veng Province.13- Preah Sihanouk Branch#.90, St.Ekareach, Group 12, Phum 2, Sangkat 4, Krong PreahSihanouk, Preah Sihanouk Province.14- Svay Rieng BranchNational Road No.1, Phum Kean Saing, Sangkat Svay Rieng, KrongSvay Rieng, Svay Rieng Province.3 HATTHAKAKSEKAR Microfinance Institutions# 239, Street Trasakpeam (63), Sangkat Boeung Keng Kang 1,Khan Chamkarmon, Phnom Penh.Cambodia.1- Battambang Branch# 743, Group38, Phum Preah Mohatep, Sangkat Svaypor, Krong Battambang,Battambang Province.2- Banteay Meanchey Branch# 152-153, Phum 2, Sangkat Preah Ponlea, Krong Serey Sophorn,Banteay Meanchey Province.3- Siem Reap BranchPhum Chong Kaosou, Sangkat Slor Kram, Krong Siem Reap, Siem ReapProvince.4- Kampong Thom Branch# 46, National Road No.6, Phum Damrey Chankhla, Sangkat DamreyChankla, Krong Stung Sen, Kampong Thom Province.5- Pursat BranchStreet No.2, Phum Peal Nheak, Sangkat Phteas Prey, Krong Pursat, PursatProvince.6- Kandal Branch# 6, National Road No.2, Phum Thmey, Sangkat Takhmao, KandalProvince.7- Kampong Cham Branch#116, Soramarith Street, Phum 2, Sangkat Veal Vong, KrongKampong Cham, Kampong Cham Province.4 ANGKOR MICROHERANHVATHO KAMPUCHEA# 442, Street 193, Sangkat Toul Svay Prey 1, Khan Chamkarmon, PhnomPenh.Cambodia.1- Kampong Speu BranchTrapang Leuk Village, Sangkat Rokar Thom, Krong Chbar Morn,Kampong Speu Province.2- Pursat BranchPheal Nheak 1 Village, Sangkat Phteas Prey, Krong Pursat, PursatProvince.3- Battambang Branch# 326, Romchek 4 Village, Sangkat Rattanak, KrongBattambang,Battambang Province.4- Banteay Meanchey Branch# 2, Sophy Village, Sangkat Kampong Svay, Krong Serey Sophorn,Banteay Meanchey Province.Tel: (855-53) 953 769E: prum_vibol@sathapana.comTel: (855-54) 958 309E: morn_vibol@sathapana.comTel: (855-25) 987 146E:lang_ravuth@sathapana.comTel: 033 399 019 / 017 456 600E:chao_bopha@sathapana.comTel: 032 931 561 / 012 972 987E: em_sotho@sathapana.comTel: 043 399 059 / 012 983 939E:vuthy_soueng@sathapana.comTel: 034 993 903 / 012 969 968E: chhay_ty@sathapana.comTel: (855-44) 715 545E-mail: pa_dara@sathapana.comTel: (855-23) 994 304Fax: (855-23) 994 303E:hatthakaksekar@online.com.khTel: (855-53) 738 748E-mail: b9@hkl.com.khTel/Fax: (855-54) 710 417E-mail: b6@hkl.com.khTel: (855-63) 964 483Email: b4@hkl.com.khTel: (855-62) 961 356E-mail: b5@hkl.com.khTel: (855-52) 951 404E-mail:b1@hkl.com.khTel/Fax: (855-24) 985 868E-mail: takmao@hkl.com.khTel: (855-42) 942 147E-mail: b8@hkl.com.khTel: (855-23) 993 062Tel: (855-16) 532 137E:Vorn khoun@amkcambodia.comTel: (855-52) 951 758E:kolab hun@amkcambodia.comTel: (855-53) 730 376E:Ponharith@amkcambodia.comTel: (855-54) 710 267E: seam thin@amkcambodia.com៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201175

5- Siem Reap Branch#702, Vatbo Village, Sangkat Salakomroeuk, Krong Siem Reap, SiemReap Province.6- Oddar Meanchey Branch# 688, Don Ken Vfllage, Sangkat Samraong, Krong Samraong, OddarMeanchey Province.7- Kampong Thom Branch#67, Kampong Krabao Village, Sangkat Kampong Krabao, Krong StungSen, Kampong Thom Province.8- Kampong Cham Branch# 93, Street Preah Bath Angdoung, Village 1, Sangkat VealVong, Krong Kampong Cham, Kampong Cham Province.9- Kampong Chhnang BranchVillage 1, Sangkat Ksam, Krong kampong Chhnang, KampongChhnang Province.10-Kandal Branch# 239, Street 21, Prek Samroong Village, Sangkat Takhmao,Kandal Province.11-Prey Veng BranchLek 2 Village, Sangkat Kampong Leav, Khum Prey Veng, PreyVeng Province.12-Svay Rieng BranchKean Saing Village, Sangkat Svay Rieng, Krong Svay Rieng, SvayRieng Province.13-Takeo BranchStreet 2, Phar Takor Village, Sangkat Rokar Knong, Krong DounKeo, Takeo Province.14-Kratie Branch# 428, Street 4, Sangkat Kratie, Krong Kratie, Takeo Province.15-Preah Vihear BranchAndong Pou Village, Sangkat Kampong Pranak, Krong PreahVihear,Preah Vihear Province.16- Kampot BranchSat Pong Village, Sat Pong Cmmune, Chhouk District, KampotProvince.17- Preah Sihanouk BranchSamrong Krom Village, Samrong Commune, Prey Nub District,PreahSihanouk Province.18- Stung Treng BranchKandal Village, Sangkat Stung Treng, Krong Stung Streng, StungStreng Province.19- Ratanak Kiri BranchVillage 3, Sangkat Labansiek, Krong Banlung, Ratanak KiriProvince.20- Mondul Kiri BranchChamkartei Village, Sangkat Spean Meanchey, Krong Sen Monorom,Mondul Kiri Province.5 PRASACNo.25, Street 294, Sangkat Boeung Kengkang 1, KhanChamkarmorn, Phnom Penh.1- Kampong Cham BranchNo.167, National Road No.7 Chas, Group No. 10,Phum 7, SangkatKampong Cham,Krong Kampong cham, Kampong Cham Province2- Kampong Chhang BranchNational Road No.5,Phum Toul Kralanh, Sangkat KampongChhnang,Krong Kampong chhnang, Kampong Chhnang Province3- Phnom Penh BranchNo.143-144,Road No.273, Group No.55,Phum 14, Sangkat BoengKak 1, Khan Tuol Kok, Phnom Penh City.4- Takeo BranchNo.172, National Road No.2,Phum Thnal Baek, Sangkat Ro karKrauv, Krong Daun Keo, Takeo ProvinceTel: (855-63) 761 152E:khemarin hak@amkcambodia.comTel: (855-65) 393 912Email:vichvy um@amkcambodia.comTel: (855-62) 962 410E:samnang hun@amkcambodia.comTel: (855-42) 942 169E:yean yun@amkcambodia.comTel: (855-26) 989 043E:palla tep@amkcambodia.comTel: (855-24) 985 098E:sang kang@amkcambodia.comTel: (855-43) 944 612E:yean yun@amkcambodia.comTel: (855-44) 945 904E:prasoeur som@amkcambodia.comTel: (855-32) 931 496E:khanna sok@amkcambodia.comTel: (855-72) 971 781E:sovannara prum@amkcambodia.comTel: (855-23) 355 223E:vanthy sy@amkcambodia.comTel: (855-23) 351 301E:setha yuorng@amkcambodia.comTel: (855-23) 351 395E:sidon phem@amkcambodia.comTel: (855-74) 973 567E:chebda check@amkcambodia.comTel: (855-75) 974 186E:hong ear@amkcambodia.comTel: (855-73) 690 145E:chhempeourasmey@amkcambodia.comTel: : (855-23) 220 102Email: info.pp@prasac.com.khTel: (855-42) 941 537E-mail:prasac011@camintel.comTel: (855-26) 988 719E-mail:prasac021@camintel.comTel: (855-012) 869 492E-mail:prasac026@prasac.com.khTel: (855-12) 472 455E-mail:prasac031@camintel.com៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201176

5- Kampong Speu BranchNo.83, National Road No.4,Phum Muk Khet, Sangkat RokarThum, Krong Chhbar Morn,Kampong Speu Province6- Kandal BranchNo.234, National Road No.2,Phum Krapeu Ha, Sangkat PrekRuessei,Krong Ta Khmao, Kandal Province7- Prey Veng BranchNo.28, Road No.11,Group No. 7, Phum 7, Sangkat KampongLeav, Krong Prey Veng, Prey Veng Province8- Svay Rieng BranchNational Road No.1, Phum Kien Saing, Sangkat Svay Rieng,Krong Svay Rieng, Svay Rieng Province.9- Kratie BranchSora Moret Road,Group No.1, Phum Wat, Sangkat Kratie,Krong Kratie, Kratie Province10- Kampot BranchNo. 49, National Road No. 3, Phum Kampong Bay KhangCheung, Sangkat Kampong Bay, Krong Kampot, KampotProvince10- Pursat BranchNational Road No.5, Phum Thnal Bam Bek, Sangkat Roleap,Krong Pursat, Pursat Province12- Battambang BranchNo. 155, National Road No.5, Group No. 5, Phum Ou Khcheay,Sangkat Preaek Sdach, Krong Battambang, Battambang Province.13- Banteay Meanchey BranchNational Road No.5, Phum Ou Ambel, Sangkat Ou Ambel,Krong Serey Sophorn, Banteay Meanchey Province14- Kampong Thom BranchNational Road No.6, Phum Achar Leak, Sangkat Achar Leak,Krong Steung Sen, Kampong Thom Province15- Siem Reap BranchGroup No.3, Phum Vihear Chen, Sangkat Svay Dangkom,Krong Siem Reap, Siem Reap Province16- Preah Sihanouk BranchNo.145, Road Mittapheap Ou 1, Phum 1, Sangkat 4, KrongPreah Sihanouk, Preah Sihanouk Province6 CREDITNo.71, Street 163, Sangkat Toul Svay Prey 1, Khan Chamkarmorn,Phnom penh.7 VISION FUND ( CAMBODIA)No.20, Street 71, Sangkat Tonle Basac, Khan Chamkarmorn,Phnom Penh.Tel: (855-16) 707 104E-mail:prasac041@camintel.comTel: (855-12) 777 611E-mail:prasac046@prasac.com.khTel: (855-12) 519 152E-mail:prasac051@camintel.comTel: (855-12) 739 716E-mail:prasac061@camintel.comTel: (855-12) 661 636E-mail:prasac067@prasac.com.khTel: (855-12) 423 125E-mail:prasac072@prasac.com.khTel: (855-12) 867 602E-mail:prasac081@comintel.comTel: (855-12) 993 387E-mail:prasac085@comintel.com:Tel: (855-12) 667 843E-mail:prasac086@comintel.comTel: (855-12) 766 846E-mail:prasac09@comintel.comTel: (855-12) 992 006E-mail:prasac093@comintel.comTel: (855-12) 622 398E-mail:prasac096@prasac.com.khTel: (855-23) 217 942Fax: (855-23) 217 942Email: credit-fin@online.com.khTel: (855-23) 216 052Fax: (855-23) 216 220REPRESENTATIVE OFFICE1 STANDARD CHARTERED Bank Phnom Penh# UnitG-02 Himawary Hotel Apartments 313,Sisowath Quay,PhnomPenh, Cambodia.2 BANK FOR INVESTMENT&DEVELOPMENT OF VIETNAM# 27, Preah Sorarith Blvd., Sangkat Chaktomuk,Khan Daun PenhPhnom Penh, Cambodia.Tel: (855-23) 216 685, 212 729Fax: (855-23) 212 731Tel: (855-23) 220 920E-mail: duongnd@bidv.comGgÁkarminEmnrdæaPi)al EdleFVIRbtibtþikar៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201177

mIRkUhirBaØvtßú )ancuHbBa¢IenAFnaKarCatiénkm

List of Registered NGOsAs at March, 20111. Agriculture & Tourism DevelopmentAssociation2. Aid Farmers Association3. Association for Business Initiative4. Association of Samnang RuralDevelopment5. CICM Cambodia.6. Cambodia Credit to Abolish PovertyOrganization7. Cambodia Economic Network.8. Cambodia Mutual9. Cambodia Rural EconomyDevelopment Organization10. Cambodia Community Saving Federation11. Chan Soksan Organization CambodiaWomen's Development Agency.12. Chamroeun Microfinance Organization13. Community Support ImproveDevelopment.14- Crop Supporting National Association15- Farmer Livelihood DevelopmentOrganization16- Khmer rural development association17- Kratie Women Welfare Association18- Lutheran World FederationOrganization19- Ministry of Rural Development CreditScheme20- New Economic Workers Organization21- Northwest Development Association22- Peace and Development Institute23- Social Development in Rural24- Saboras Organization25- Sunny Organization26- Ta Ong Soybean DevelopmentAssociation27- Village Development Association28- CKMFG Cambodia៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201179

ុក្ញ្ហញ ២០១១២១សាខាធន្ទោរជាត្ិ៣១ ធន្ទោរពាណិ ជ ៦ ធន្ទោរឯក្នេស រគឹោះសាថ នមីរក្ូហិរញ្ញ វត្ថ៩សាខាធន្ទោរបរនេស១-ធន្ទោរពាណិ ជេី១សាខាភនំនពញ (២)២-ធន្ទោររក្ុងម្ថសាខាភនំនពញ (១)៣-ធន្ទោរនមយខប៊ែងសាខាភនំនពញ (៨)៤-ធន្ទោរឥណាឌសាខាភនំនពញ៥-ធន្ទោរក្សិក្ មនិងអភិវឌឍជនបេនវៀត្ណាមសាខាក្មព ុជា៦-ធន្ទោរចិនសាខាភនំនពញ៧-ធន្ទោរនមហ្គគសាខាភនំនពញ៨-ធន្ទោរអាយសុីប៊ែីសុី សាខាភនំនពញ៩-ធន្ទោរ អុឹម ប៊ែី2 kariyal½ytMNag១-ធន្ទោរសតង់ដារឆ្េឺនរត្ ភនំនពញ២-ធន្ទោរវ ិនិនោគនិងអភិវឌឍន៍ខននវៀត្ណាម២២បនងកើត្នឡើងតមចបប់ក្ន ុងរសុក្១-ធន្ទោរពាណិ ជជក្មមនរៅរបនេស (៣)២-ធន្ទោរវឌឍនៈអាសុី(៩)៣-ធន្ទោរក្មព ុជាអាសុី៤-ធន្ទោរក្លណាឌីោ(៣២)៥-ធន្ទោរក្មព ុជាពាណិ ជជ(៣)៦-ធន្ទោរនមគងគក្មព ុជា(៥)៧-ធន្ទោរក្មព ុជាសាធារណៈ(២០)៨-សាជីវក្មមធន្ទោរសឹងាបូរ ី (៥)៩-ធន្ទោរសហពាណិ ជជ(៤)១០-ធន្ទោរវឌឍនៈ(២)១១-ធន្ទោរនអសុីលីដា(៣៦)១២-ធន្ទោរនអអិននហេត្រ ូោល់ (១៧)១៣-ធន្ទោរសុិនហ្គនខែមរ១៤-ធន្ទោរវ ិនិនោគ និងអភិវឌឍន៍ក្មព ុជា(២)១៥-ធន្ទោរមារ ូហ្គន់ ជប ុន១៦-ធន្ទោរគូក្មីនក្មព ុជា១៧-ធន្ទោរប៊ែ ូយ ុងខែមរ១៨-ធន្ទោរភនំនពញពាណិ ជជ (២)១៩-ធន្ទោរ អូ នអសនែឥណត ូ ម្ឆណា(៨)២០-ធន្ទោរហវងឌីប៊ែីនអស (២)២១-ធន្ទោរសុីអាយអឹមប៊ែី(៦)២២-ធន្ទោរសាយហគននធៀងេិននែមបូឌាភីអិលសុី (៣)១-ធន្ទោរឯក្នេសភីនអចខអសអឹមអុ ី២-ធន្ទោរឯក្នេសវ ិនិនោគេីមួយ៣-ធន្ទោរឯក្នេស អានក្ូ៤-ធន្ទោរឯក្នេស ត្ូមាត្ូ៥- ធន្ទោរឯក្នេស អងគរក្លពីតល់៦-ធន្ទោរអភិវឌឍន៍ជនបេ(ធន្ទោររដា)២៨អងគក្លរមិនខមនរដាា ភិបាលបានចុោះបញ្ជី1- សមាគមអភិវឌឍន៍ក្សិក្រនិងនេសចរណ៍2- សមាគមជួយ ក្សិក្រ3- សមាគមនផតើមគំនិត្ ពាណិ ជក្ ម4- សមាគមត្ំណាង អភិវឌឍន៍ជនបេ5- សុីអាយសុីនអមក្មព ុជា6- អងគក្លរឥណ នលុបបំបាត្់ភាពរក្ីរក្7- អងគក្លរបណាត ញនសដាក្ិ ចក្មព ុជា8- អងគក្លរសងាហអភិវឌឍន៍ ក្មព ុជា9- អងគក្លរអភិវឌឍន៍នសដាក្ិ ច ជនបេក្មព ុជា10- សហព័នធសហគមន៍សនេំរបាក្់ក្មព ុជា11- អងគក្លរច័នទសុែសានត12- អងគក្លររេរេង់សមាក្មបនងកើនអភិវឌឍន៍13- សមាគមរេរេង់ក្សិផល14- អងគក្លរអភិវឌឍន៍របរចិញ្ជឹមជីវ ិត្ក្សិក្រ15- អងគក្លរអភិវឌឍន៍ជនបេខែមរ16- សមាគមសុែមាលភាពគសត ីនែត្តរក្នចោះ17- អងគក្លរលូនថរា នបំនរ ើពិភពនោក្18- គនរមាងឥណ នរក្សួងអភិវឌឍន៍ជនបេ19- អងគក្លររក្ុមក្លរ្រនសដាក្ិ ចថមី20- សមាគមអភិវឌឍន៍ត្ំបន់ពាយ័ពយ21- វ ិេាសាថ នសនតិភាពនិងអភិវឌឍន៍22-អងគក្លរអភិវឌឍន៍សងគមជនបេ23-សមាគមអភិវឌឍន៍សខណត ក្នសៀងតអុង24- សមាគមអភិវឌឍន៍ភូមិ25- សុី នែ អុ ឹម នអហវ ជី នែមបូឌា26- អងគក្លរសបប ុ រស27- អងគក្លរ នោក្រគូ28- អងគក្លរសមាគមក្សិក្រខែមរបាត្់ដំបងសំគាល់៖ នលែនៅខាងចុងម្នន្ម ោះរគឹោះសាថ ននីមួយៗនេ គឺជាចំនួនសាខារបស់រគឹោះសាថ នំងនន្ទោះ ។៣១មានអាជាា ប័ ណ1- អរមឹត្ (១១)2- ហតថ ក្សិក្រ (៧)3- ធន្ទោរភូមិក្មព ុជា4- សិោនិធិ5- សាថ បន្ទលីមិត្ធិត្ (១៤)6- អងគរមីរក្ូហិរញ្ញ វត្ថ ុ (២០)7- វ ីសិនហ្គវ ន់នែមបូឌា8- នរក្ឌិត្9- របាសាក្់មាយរក្ូហ្គវ យខនន(១៦)10- សមាគមមូលនិធិសហភាពអភិវឌឍន៍ក្សិក្រ11- អភិវឌឍន៍នសដាក្ិចចជនបេ ក្មព ុជា12- មាក្់សុីមាមាយរក្ូហ្គវ យខនន13- ឥណ នពលរដារុងនរឿង14- សាមិក្ លីមីត្ធីត្15- ឥណ នអភិវឌឍន៍របជាជន16- ហ្គវ មឺរហ្គវ យខននលីមីត្ធីត្17- គហគ ីន នសនរត្លមាយរក្ូហ្គវ យខនន18- ហវ ឺសហ្គវ យខនន19- វា យសុីភី មាយរក្ូហ្គវ យខនន20- នែមខាប់ភីថល21- សំរ ិេធិស័ក្មីរក្ូហិរញ្ញ វត្ថ ុ22- នែមា មីរក្ូហិរញ្ញ វត្ថ ុ23- អងគរ នអសុីអុីសាត រនរក្ឌិត្24- នែមរៈ25- របាយ៍ម អិមនអហវ26- សូណារត27- ម លិោះហ្គវ យខនន28- ចំនរ ើនមាយរក្ូហ្គវ យខនន29- អាក្់េីវ ភីភល30- បាយ័ននរក្ឌិត្31- អុីអនមាយរក្ូហ្គវ យខននម្នក្មព ុជារាជធានី-នែត្ត1- RkugPñMeBj2- extþRBHsIhnu3- kMBg;cam4- )at;dMbg5- esomrab6- sVayerog7-kMBt8- éRBEvg9- kNþal10- taEkv11- kMBg;FM12- kMBg;qñaMg13- eBaFisat;14- kMBg;s

THE BANKING SYSTEM IN CAMBODIAAs of September, 2011NATIONAL BANK OF CAMBODIA(Central Bank)31 CommercialBanks6 SpecializedBanksMicro FinanceInstitutions21 NBCProvincialBranches9 ForeignBranchBanks1- First CommercialBank Phnom PenhBranch (19)2- Krung Thai BankPhnom PenhBranch (7)3- May Bank PhnomPenh Branch (12)4- INDIA BankPhnom PenhBranch5- Vietnam Bank forAgricalture andRuralDevelopment(AGRI BANK)CambodiaBranch6- Bank of ChinaLimited PhnomPenh Branch7- Mega BankPhnom PenhBranch8- Bank ICBC Ltd.9- MB Bank Plc.2 RepresentativeOffices1- Standard Chartered2- Bank for Investment& Development ofVietnam22 Locallyincorporated1- Foreign TradeBank (13)2- Advanced Bankof Asia (11)3- Cambodia AsiaBank4- Canadia Bank Ltd.(2)5- CambodianCommercia lBank (1)6- Cambodia MekongBank (3)7- Cambodian PublicBank (6)8- Singapore BankingCorporation (10)9- Union CommercialBank (4)10- Vattanac Bank (8)11- ACLEDA BankLimited (5)12- ANZ Royal BankCambodia (9)13- Sinhan KhmerBank14- Bank forInvestment &Development ofCambodia Plc. (18)15- Maruhan JapanBank16- Kookmin BankCambodia Plc17- Booyoung KhmerBank18- Phnom PenhCommercial Bank(15)19- OSK IndochinaBank (14)20- Hwang DBSCommercial Bank(17)21- CIMB Bank Plc(20)22- Siagon ThoeungTin CambodiaBank (16)1- Specialized BankP.H.S.M.E Ltd.2- First InvestmentSpecialized Bank3- ANCOSpecialized Bank4- TomatoSpecialized Bank5- Angkor CapitalSpecialized Bank6- RuralDevelopmentBank (Stateowned)NGOs• Registered 28• Unregisteredaround 6031 Licensed1- AMRET Co. Ltd.2- Hatthakaksekar3- Thaneakea PhumCambodia4- Sathapana Ltd.5- Seilanithih6- Angkor MicroheranhvathoKampuchea7- Vison Fund(Cambodia) Ltd.8- Credit Co. Ltd.9- Prasac MicroFinance Institution10- Farmer UnionDev.Fund11- CambodiaBusinessIntegrate in RuralDevelopment12- MaximaMikroheranh vatho13- Enatean Poalroachrongroeung14- SAMIC Limited15- Enatean Akpevathpracheachun16- Farmer Finance td.17- Green CentralMicrofinance18- First Finance19- Y.C.P. Microfinance20- Cam Capital21- SamrithysakMicrofinance22- Camma23- Angkor ACE StarCredit24- Khmearak25- Prime MF26- Sonatra27- Malis Finance28- ChamranMicrofinance29- AvtiveMicrofinance30- Bayon Microfinance31- I ON Microfinance1- Krung PhnomPenh2- Kampong Cham3- Sihanouk4- Siemreap5- Battambang6- Svay Rieng7- Kampot8- Kandal9- Prey Veng10- Kampong Thom11- Takeo12- Pursath13- KampongChhnaing14- Kampong Speu15- Koh Kong16- Preah Vihear17- Kratie18- Ratanakiri19- Mondolkiri20- Stung Treng21- BanteayMeancheyMoney Changer• Phnom Penh:-License: 37-Authorisation: 40• Provincial:-License: 2-Authorisation 1548៣៦ ២ ២០១១National Bank of Cambodia Review No 36, 2 nd Quarter 201181

ទទសាភិបាលធនាគារជាតិននកមព ុជានិងទោកជំទាវ ខ ៀវ ស ៊ីណាទិវាកាកបាទរកហមនិងអឌ្ឍចនទរកហមពិភពទោកទលើកទី១៤៨ដ៏ខ្ពង់ខ្ពស់សខតេចអគ្គតហាខសនាបត៊ីខតខោ ហ ន សសន និងទោកជំទាវ កិតិេព្រឹទ្ធបណ្ឌិ ត ប ន រ៉ា ន៊ី ហ ន សសនរបធានកាកបាទរកហមកមព ុជា( ៣ ឧសភា ២០១១)៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201180

ទទសាភិបាលធនាគារជាតិននកមព ុជានិងទោកជំទាវ ខ ៀវ ស ៊ីណា សំទ េះសំណាលសួរសុខ្ទុកខរបជាពលរដឋទៅភូមិទគាករតបបក ឃុំរសទៅ រសុកបារាយ ៍ ទខ្តតកំពង់ធំ ដ៏ខ្ពង់ខ្ពស់ សខតេចអគ្គតហាខសនាបត៊ីខតខោ ហ ន សសន នាយករដ្ឋតន្តនេ៊ីននព្រះរោណាចព្កកតព ោ ន ិងទោកជំទាវកិតិេព្រឹទ្ធបណ្ឌិ ត ប ន រ៉ា ន៊ី ហ ន សសន ព្បធានកាកបាទ្ព្កហតកតព ោ ( ១៩ ឧសភា ២០១១)៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201181

ពិធីសទ ព ធដាក់ឲ្យដំទ ើ រការធនាគារចិន សាខាភនំទពញ ទរកាមអធិបតី ឯកឧតតមឧបនាយករដឋមន្តនតី គាត ឈន់ រដឋមន្តនតីរកសួងទសដឋកិចចនិងហិរញ្ញ វតថ ុ ជាតំណាងដ៏ខ្ពង់ខ្ពស់ សខតេចអគ្គតហាខសនាបត៊ីខតខោ ហ ន សសននាយករដ្ឋតន្តនេ៊ីននព្រះរោណាចព្កកតព ោ ( ៧ ឧសភា ២០១១)៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201182

សិកាខ សាោថ្នន ក់ជាតិ សត ីពីយុទធសាន្តសតអភិវឌ្ឍន៍វ ិស័យហិរញ្ញ វតថ ុឆ្ន ំ២០១១-២០២០ របស់រដាឋ ភិបាលកមព ុជា ទរកាមអធិបតីភាពដ៏ខ្ពង់ខ្ពស់ឯកឧតតមឧបនាយករដឋមន្តនតី គាត ឈន់ រដឋមន្តនតីរកសួងទសដឋកិចចនិងហិរញ្ញ វតថ ុ ( ១៩ ក កដា ២០១១)៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201183

ចូលរួមកន ុងកិចចរបជុំថ្នន ក់ទទសាភិបាលនិយាយភាសាបារាំងទលើកទី១៨ទៅទីរកុងទសៀមរាប ១១-១៣ ឧសភា ២០១១៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201184

អទញ្ជើញជាអធិបតីកន ុងកិចចរបជុំរកុមរបឹកិភិបាលធនាគារជាតិននកមព ុជាទលើកទី ៨៦២៦ កកកដា ២០១១៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201185

អទញ្ជើញជាអធិបតីកន ុងសននិបាតបូកសរុបលទធផល ការងាររបចំឆពសទី១ និងទិសទៅការងារឆពសទី២ ឆ្ន ំ២០១១ របស់ធនាគារជាតិននកមព ុជា១០ សីហា ២០១១៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201186

អទញ្ជើញជាអធិបតីភាពកន ុងកិចចរបជុំរកុមរបឹកិភិបាលធនាគារជាតិននកមព ុជាទលើកទី ៨៧១៨ សីហា ២០១១៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201187

ទោក Milan Zavadjil តំណាងអងគការមូលនិធិរូបិយវតថ ុអនតរជាតិរបចំទៅកមព ុជា( ២៤ ឧសភា ២០១១)៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201188

ទោក Bindu Lohani អនុរបធានុADB ទទួលបនទ ុកបផនកហិរញ្ញ វតថ២៧ កកកដា ២០១១៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201189

អទញ្ជើញជាអធិបតីកន ុងពិធីសទ ព ធដាក់ឲ្យទរបើរបាស់ទីសាន ក់ការសពគមធនាគារទៅកមព ុជា១៨ សីហា ២០១១៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201190

ហិរញ្ញ វតថ ុតំបន់អាសុីអាទគនយ៍របស់សាថ នទូតអាទមរ ិក២ សីហា ២០១១ញ្ញញ ទោក Seth Bleiweis អនុព័នធ៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201191

ញ្ញញ ទោក Do Van Hien របធានរកុមរបឹកិភិបាលធនាគារ Saigon-Hanoi Bank១២ សីហា ២០១១៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201192

ទញ្ជើញកងទ័ពកន ុងអងគភាព តូច ១ អូរតាថ្នវ ទខ្ ត២ មិថុនា ២០១១៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201193

ជាអធិបតីកន ុងពិធីសទ ព ធដាក់ឲ្យទរបើរបាស់សាព នរតពំងរតុំ កន ុងឃុំទីទព១ មិថុនា ២០១១៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201194

បុរត និងមន្តនតី-បុគគលិកធនាគារជាតិននកមព ុជា ដបងែទទៀនរពេះវសិទៅកាន់វ តចំនួន ៦ ទៅឃុំរពេះដំរ ីទសាទ ង ១០ កកកដា ២០១១រពមទាំង៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201195

ជាអធិបតីកន ុងពិធីសទ ព ធឧបបដាឋ នសាោនិងសមិទធផលនានាកន ុងវតតបនាទ យទសាទ ង ឃុំបនាទ យទសាទ ងទសាទ ង ២២ ឧសភា ២០១១៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201196

រពមទាំងបុរត និងមន្តនតី-បុគគលិកធនាគារជាតិននកមព ុជា ដបងែទទៀនរពេះវសិទៅកាន់វ តកំពង់ថម ឃុំកំពង់ថម១៨ ក កដា ២០១១សនទ ុក៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201197

រពមទាំងបុរត និងមន្តនតី-បុគគលិកធនាគារជាតិននកមព ុជា ដបងែទទៀនរពេះវសិទៅកាន់វ តរកយា ឃុំរកយា១៨ ក កដា ២០១១សនទ ុក៣៦ ២ ២០១១NationalBank of Cambodia Review No 36, 2 nd Quarter 201198

National Bank of Cambodia

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?