Phnom penh: The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) on Monday issued a statement reassuring the resilience and stability of Cambodia's financial sector.
According to Agence Kampuchea Presse, the statement emphasized that Cambodia's financial sector is resilient, liquid, and under the vigilant oversight of the National Bank of Cambodia (NBC). All key prudential indicators reportedly remain above the minimum regulatory requirements, contrary to recent speculation and misinformation about the condition of certain banks.
ABC and CMA highlighted that any temporary operational disruption at specific institutions should not be seen as indicative of the broader financial system's health. They underscored the support of strong prudential regulations, ongoing supervision, and liquidity safeguards as pillars of the sector's continued stability.
The associations condemned the dissemination of false or misleading information, which they warned could erode public trust. They urged the public to refrain from relying on rumors or unverified social media content and encouraged individuals to seek information from official sources like the NBC and licensed financial institutions, or to contact their respective institutions directly for clarification.
The statement concluded with ABC and CMA expressing confidence in the sector's resilience. They reiterated their commitment to collaborating with the NBC and member financial institutions to ensure clear communication, promote orderly conditions, and maintain stability and confidence within Cambodia's financial system.