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Credit Bureau Cambodia Expands Database

The credit histories of about 400,000 borrowers were added to its database last year, raising the number to slightly more than 4 million in credit bureau database, Credit Bureau Cambodia Interim CEO Mr. Oeur Sothearoath says at the bureau’s newly opened office in Vattanac Capital.

All of this data is stored on Power7 servers and managed locally with international expertise support from  New Zealand, Mr. Oeur explains, noting that bureau itself has a mere 24 staff.

It is a surprising number – 24 staff, 4 million credit histories – but as Mr. Oeur provides an overview of lending in Cambodia’s swiftly expanding economy another figure jumps out. Only about 5 percent of the total $12 billion in consumer lending in the Kingdom is in riel; the rest is in US dollars and Thai Bath.

Source :  KHMERTIMES

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