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Two financial institutions with corporate bonds on the Cambodia Securities Exchange (CSX) reported mixed results for the first quarter of the year – ended March 31 – amid a worldwide economic downturn tied to growing inflation and the protracted Ukraine crisis.
The Cambodian banking sector remains strong and not at significant risk of collapse, despite the occasional incidence of foreign investors pulling back after being spooked by “negative” news stories, according to Belgium-based global impact fund Incofin Investment Management Comm VA.
The Cambodian banking sector remains strong and not at significant risk of collapse, despite the occasional incidence of foreign investors pulling back after being spooked by “negative” news stories, according to Belgium-based global impact fund Incofin Investment Management Comm VA.
Low-income countries and emerging economies – including Cambodia – are facing heightened sovereign debt distress amid a rise in interest rates in advanced economies, according to International Monetary Fund (IMF) economic counsellor and director of research Pierre-Olivier Gourinchas.
Local private bankers have affirmed that deposits from investors and general clients have been on an upward trend for at least the last quarter, in line with National Bank of Cambodia (NBC) deputy governor Chea Serey’s overall forecast made based on the perceived stability of the financial sector and socio-political conditions on the whole.