Two financial institutions with corporate bonds listed on the local bourse reported relatively sound business performance in the last quarter of 2022, seen as a reflection of improvements in macroeconomic conditions.
The number of e-wallet accounts in the Kingdom reached 17.9 million at end-December amid an acceleration in electronic payment volumes driven in part by Covid-19 anxiety, reflecting gradual fintech (financial technology) development towards achieving the government’s digital economy objectives.
Cambodia s gross domestic product (GDP) is projected to grow by around 6 per cent in 2023 by the National Bank of Cambodia. The growth would be backed by garment and non-garment.
The Kingdom’s banking and financial institutions posted very solid business performance overall last year despite regional and global uncertainty and inflationary pressures tied to Covid-19 and the Ukraine crisis.
Cambodia's economy grew by 5.1 per cent last year, propelled by effective Covid-19 health policy and management, resumption of domestic economic activity and increasing external demand, despite geopolitical competition tied to the Ukraine conflict.