With rising funding costs, stiff competition for deposits and growing interest rates on loans, can the sector produce a win-win solution for all parties?
With rising funding costs, stiff competition for deposits and growing interest rates on loans, can the sector produce a win-win solution for all parties? Funding costs for banks and financial institutions in Cambodia are expected to rise in the second half of this year going into 2023 as the US Federal Reserve tightens its monetary policy.
Cambodia's financial institutions have delivered a solid performance in the first quarter of this year, underpinned by a quick rebound in business following the government’s move to allow the resumption of socio-economic activity in mid-November. However, industry players have reported slowdown in the second quarter, citing a number of external factors.
Cambodia’s e-payment transactions up by over a third in 2021 Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
PHNOM PENH POST (The Phnom Penh Post/Asia News Network): Electronic payment transactions worth 415.5 trillion riel (US$102 billion) were made nationwide last year, marking a 34.5 per cent rise over 2020, as the number of e-wallet accounts reached 13.6 million, amounting to more than 80 per cent of the total population, according to the central bank.