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A spurt in housing developments is typically a sign of a growing economy but underneath all that might lay some anxiety of credit growth as developers offer financing to buyers at higher rates, an activity the central bank identifies as ‘shadow banking’
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.
The Cambodian banking system has just completed a 26-month debt restructuring exercise where scores of loan accounts were revised, classified and provisioned as the rate of non-performing loans inched up, sparking a slight credit risk unease
Macroeconomic measures are being implemented to stem a 13-year high inflation rate and its cascading effects on the economy, but more efforts are needed amid a looming global recession