Poor returns from an underperforming banking sector
Publication date 12 September 2017 | 16:24 | ICT

A recent report has found that the majority of Cambodia’s nearly 40 commercial banks lack the scale and efficiency required to generate a healthy return on investment for their shareholders, with many not even able to cover their own

Latest

[name_1]

  • Manulife Cambodia: five years in and still growing fast

    Publication date 12 September 2017 | 16:29 | ICT

    In the five years since Manulife set up an office in the Kingdom of Cambodia, the local business for this international life insurance company has grown rapidly.

  • Are you MoneyMinded?

    Publication date 12 September 2017 | 16:33 | ICT

    Financial literacy is fundamental to strengthening financial inclusion and helping people make good decisions with their money. This goes a long way to improving communities and their economic sustainability.

    +
  • Traffic passes in front of National Bank of Cambodia headquarters in Phnom Penh.

    Q3 business and finance news snapshot

    Publication date 12 September 2017 | 16:43 | ICT

    The Kingdom’s banking and finance sector has been a flurry of activity of late, with inflows of foreign capital into the Kingdom’s banking sector nearly doubling during the first half of 2017.

  • Pi Pay Continues Rapid Growth

    Publication date 12 September 2017 | 16:24 | ICT

    Pi Pay, Cambodia’s leading cashless payment app and mobile e-wallet, has seen its early popularity continue and after only two months in operation has processed more than $5 million in digital transactions.

  • First six months achieves further institutionalisation of tax in Cambodia

    Publication date 12 September 2017 | 16:40 | ICT

    The General Department of Taxation (GDT) reported a 32 percent year-on-year increase in tax collection for the first six months of 2017, continuing a string of impressive double-digit, and at times triple-digit annual gains since a

  • Life insurance gallops ahead in Kingdom

    Publication date 12 September 2017 | 16:44 | ICT

    Cambodia’s burgeoning insurance industry is accelerating at a healthy pace, and nowhere is this more visible than the life insurance market.

  • Banks capitalise on Cambodia’s high mobile phone usage

    Publication date 12 September 2017 | 16:49 | ICT

    Cambodia is changing from a quiet, tranquil country to a lively, tech-savvy nation.

  • The expansion of credit provided by the Kingdom’s MFIs has been slowing since 2016. Photo supplied

    Q2 banking and finance news snapshot

    Publication date 21 June 2017 | 14:31 | ICT

    Cambodia’s stock exchange welcomed a new listing to its bourse in the second quarter, with Sihanoukville Autonomous Port becoming the fifth listed firm

  • Blockchain-based technology can be used for reducing costs associated with interbank lending, in addition to facilitating digital assets and cryptocurrencies. Photo supplied

    Cambodia’s central bank mulls blockchain technology implementation

    Publication date 21 June 2017 | 14:37 | ICT

    The National Bank of Cambodia (NBC) hopes to launch the testing phase of a closed loop blockchain-based technology by the fourth quarter of this year, a technology that if proven successful would greatly enhance the central bank’s a

  • Tuk-tuks advertising life insurer Manulife drive in a line on Diamond Island in Phnom Penh in 2013.

    A nation now exposed to a variety of insurance options

    Publication date 21 June 2017 | 14:39 | ICT

    When Long Piseth took out a $40,000 home loan from a bank earlier this year, he discovered the tougher side of life. Every month, he needs to allocate 60 percent of his and his wife’s combined income to repay the loan.