Cambodian banks are looking at a deposit-insurance system

Published: Sept. 12, 2017, 12:42 a.m.

b'It\\u2019s been almost 2 decades since the central bank moved to clean up the country\\u2019s private banks. Back then, Cambodia didn\\u2019t have a single ATM. \\n\\nToday, branches with ATMs are common in provincial areas, deposits have increased, and credit has grown quickly. Minimum capital requirements have been raised. And in a country where cash was once king, electronic payments are now widespread.\\n\\nWith an extremely young population, Cambodia has seen the numbers of bank depositors grow enormously in recent years. \\n\\nMost are too young to remember the three bank closures of 1999. And, unlike their parents or grandparents, many young Cambodians are wary of keeping their savings in gold or in cash at home under the bed.\\n\\nThe move toward deposit insurance in Cambodia is being spearheaded by Naoyuki Yoshino, dean of the Tokyo-based Asian Development Bank Institute, which provides input to policy makers in member countries.\\n\\nRead the transcript\\nhttp://bit.ly/2ePuSBn\\n\\nRead Fair Premium Rate of the Deposit Insurance System based on Banks\\u2019 Creditworthiness\\nhttps://www.adb.org/publications/fair-premium-rate-deposit-insurance-system-based-banks-creditworthiness\\n\\nBy Naoyuki Yoshino https://www.adb.org/adbi/about/dean\\nFarhad Taghizadeh-Hesary https://www.asiapathways-adbi.org/author/farhad-taghizadeh-hesary/\\nFarhad Nili'