Supported by a growing banking sector, Cambodia Commercial Bank (CCB) had a healthy performance in 2006. Deposit growth in the Cambodian banking sector probably exceeded 45% in 2006. And with the local private sector expanding (albeit from a very low base point), loan growth is also rising, possibly by as much as 50% last year.
The bank was established as a joint venture between Siam Commercial Bank and the National Bank of Cambodia in 1991. In 1998, it become a wholly owned subsidiary of the Siam Commercial Bank in Thailand and continued growing since then, becoming one of the major commercial banks operating in Cambodia.
CCB registered a 13% profit growth and a satisfying RoE of 20.43%. It also increased in size, with a 14.29% asset growth, and improved its strength, with a 15.15% Tier 1 capital growth.
The bank’s cost-income ratio has always been low but nonetheless it managed to reduce it further to 0.71% from 0.84% the previous year. NPLs, on the other hand, have not always been low in value but have constantly been improving, going down to 8.13% last year compared with 14.62% in 2005 and 30.21% in 2004.
