Banking Sector Development News Today

Results, well, in fact, to adjust our current legislation, maybe, well, probably, you are right that a fiveyear period is just the period during which you can sit down, sum up the influence and the pros and cons this regime on certain industries, because of course we have a marketplace, and electronic boards, a lot of things there, well, the same taxi industry, yes, it has changed completely over the last 5 years, well, just radically, i mean im not talking about car sharing, these scooters and ...

According to the September 2023 Banking Sector Development Report, the agriculture, forestry, and fishing sectors overtook the construction sector with the highest NPL ratio of 40.7% in August 2023, a sharp increase from 30.0% a year ago.

The report provides insights into the monetary and banking activities, as well as the developments in the UAE financial markets

PRASAC Microfinance Institution Plc, which has a corporate bond listed on the Cambodia Securities Exchange (CSX), reported sound business performance last year, which has been interpreted by some as a reflection of the upbeat pace of post-Covid-19 recovery in local economic activities.

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.

Cambodias 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.

AKP