Annual report 2008-OK-B-up.qxp - Canadia Bank Plc.

NOTES TO THE FINANCIAL STATEMENTS
7. LOANS AND ADVANCES TO CUSTOMERS (CONTINUED)
e) Interest rates
The annual interest rates that applied during the year are as follows:
2008 2007
Overdrafts 6.00% - 18.00% 6.00% - 18.00%
Short term loans 7.20% - 21.60% 7.20% - 21.60%
Long term loans 7.20% - 18.00% 7.20% - 16.80%
Micro-financing loans 12.00% - 21.60% 12.00% - 21.60%
Mortgage loans 7.20% - 13.20% 7.20% - 12.00%
Credit cards 18.00% - 21.00% 18.00% - 21.00%
8. OTHER ASSETS
2008 2007 2008 2007
US$ US$ Riel Million Riel Million
(Unaudited) (Unaudited)
Accrued interest receivable 2,242,535 1,475,025 9,152 5,905
Deposits with companies outside Cambodia 259,896 234,890 1,061 940
Prepaid expenses 127,198 44,663 519 179
Other advances 435,788 734,152 1,778 2,939
Travellers cheques purchased 93,214 36,517 380 146
Foreclosed property receivable - 900,000 - 3,603
Other assets 1,122,267 1,488,164 4,580 5,956
4,280,898 4,913,411 17,470 19,668
9. INVESTMENT
On 28 October 2005, the Bank entered into a sale and purchase agreement with the Privatisation
Committee (acting on behalf of the Royal Government of Cambodia) to acquire 46% of the share capital of
FTB for a consideration of US$ 10,580,000. The investment is carried at cost. The Bank was previously
required by the Central Bank to reduce its shareholding to less than 20% by 31 December 2008. The Central
Bank, on 6 February 2009, extended the deadline to 31 March 2009.
Annual Report 2008 41