Tuesday, April 8, 2008

Cambodia: lending restricted for real estate speculators

Due to recent credit crisis in US and to the unusual increasing in value of properties in Cambodia, National Bank of Cambodia (NBC) prepares to instruct to all banks operating in Cambodia to restrict the lending to all real estate speculators, which is considered to be driver of possible credit crisis in near future.

All banks in Cambodia should lend to the business people/investors in the following sectors: tourism, manufacturing, retail trade etc... that are more productive businesses and also could create more jobs for young Cambodian people.

1 comment:

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