Scale: Measuring What Matters
Mekong Strategic Capital presents our annual review of Cambodia's bank sector and finds bigger was better.
Highlights for 2022 include:
Despite more challenging global conditions, Cambodia’s finance sector delivered a reasonable performance in 2022 with strong balance sheet growth offset by higher expenses and credit costs.
System liquidity tightened in 2022, driving up funding costs, which will continue into 2023. Fortunately the system remains very well capitalised.
Banks with bigger distribution networks are winning, driven by rapid emergence of the mass-market segment in the past decade, made up of growing middle-income and Small & Medium Enterprises.
Banks that traditionally focused on low-yield MNCs and HNW customers and did not expand to service mass market have lost out to those that did.
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