Advanced Bank of Asia Ltd (ABA) reported positive growth rates of loan portfolio and deposits in the second quarter of this year which “reflect the bank’s strategy effectiveness and strong position in the financial sector”, despite the economic uncertainty stemming from the prolonged Covid-19 crisis and turmoil in Ukraine.
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.
Three locally-listed firms reported positive business performance in the first quarter of this year, ended March 31, as Cambodia navigated its recovery from the Covid-19 pandemic after the government’s push towards the full resumption of socio-economic activities started in early November.
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