Wednesday, 28 October 2009

The Financial Sector in Cambodia Employs 14,698 People – Tuesday, 27.10.2009

http://cambodiamirror.wordpress.com/

Posted on 28 October 2009
The Mirror, Vol. 13, No. 636

(Posted by CAAI News Media)

“Phnom Penh: All banks and micro-credit institutions in Cambodia employ 14,698 Cambodian persons, according to a report from the National Bank of Cambodia.

“The report of the National Bank issued recently said that banks and micro-credit institutions provide jobs for 14,698 people.

“The report shows that all commercial and other special banks create jobs for 9,550 citizens in total, while micro-finance institutions employ 5,148 people.

“According to this report, all banks in Cambodia recognized by the National Bank provide a variety of numbers of jobs. The banks employ between 13 to 6,128 persons, while the micro-finance institutions employ freom 6 to 1,024 persons.

“Based on the report, the job market in the banking and micro-finance sectors has achieved a moderate growth rate. In 2007, all commercial and other special banks provided 6,869 jobs, while in 2006, they could employ only 4,624 persons. Micro-finance institutions employed just 3,511 persons in 2007, and only 2,503 persons in 2006.

“By now, there are 24 commercial banks, 6 specialized banks, 18 micro-finance institutions, 26 rural credit operators, and about 60 organizations handling credits.”

Rasmei Kampuchea, Vol.17, #5031, 27.10.2009
Newspapers Appearing on the Newsstand:
Tuesday, 27 October 2009

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