#cambodia : Cambodia’s banking sector was labelled high-risk by S&P

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CAMBODIAN BANKS

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Bank sector at risk: S&P

The National Bank of Cambodia (NBC) lacks the resources to enforce regulatory standards and bail out underperforming banks during times of need, credit ratings agency Standard & Poor’s says.

Cambodia’s banking sector was labelled high-risk, with a score of nine out of 10 on S&P’s2014 Banking Industry Country Risk Assessment, re­leased Friday.

The Kingdom’s score is on par with Mongolia, Papua New Guinea, Vietnam and Argentina

A woman holds a mobile phone in front of an ATM in Vietnam