Move comes as nonperforming loans soar in economy battered by tariffs and war
The National Bank of Cambodia headquarters in Phnom Penh: The central bank has approved the creation of institutions to buy bad bank and microfinance loans. © Getty Images
ANANTH BALIGA and MENG KROYPUNLOK
PHNOM PENH — Cambodia’s central bank has approved the creation of asset-management institutions to acquire bad debts in banking and microfinance institutions, as experts raise concerns over ballooning nonperforming loan rates across the financial services sector.