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The Traditional Commercial Banking market in Cambodia is experiencing significant growth and development.
Customer preferences: Customers in Cambodia are increasingly seeking traditional commercial banking services due to the stability and reliability offered by established banks. With a growing middle class and increasing disposable income, there is a rising demand for basic banking products and services such as savings accounts, loans, and payment solutions.
Trends in the market: One key trend in the Cambodian Traditional Commercial Banking market is the expansion of digital banking services. As the country embraces technological advancements, traditional banks are investing in online and mobile banking platforms to cater to the tech-savvy population. This trend is driven by the convenience and accessibility that digital banking offers to customers, allowing them to conduct transactions anytime, anywhere.
Local special circumstances: In Cambodia, the Traditional Commercial Banking market is also influenced by the government's efforts to promote financial inclusion. With initiatives to improve access to banking services in rural areas and support small and medium enterprises, traditional banks are expanding their reach to underserved communities. This focus on financial inclusion is shaping the market dynamics and driving competition among banks to capture new customer segments.
Underlying macroeconomic factors: The growth of the Traditional Commercial Banking market in Cambodia is further supported by favorable macroeconomic conditions. The country's stable economic growth, low inflation rates, and increasing foreign direct investment are contributing to a positive business environment for banks. Additionally, regulatory reforms aimed at strengthening the banking sector and enhancing transparency are boosting investor confidence in the market.
Data coverage:
Data encompasses B2B and B2C enterprises. Figures are based on Net Interest Income, Bank Account Penetration rate, the value of Deposits, the number of depositors, the value of Loans, the number of borrowers, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data provided by the IMF, World Bank and the annual reports of the top 1000 Banks by asset size. Next we use relevant key market indicators and data from country-specific associations such as GDP, deposit interest rates, lending interest rates or bank account penetration rates. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the S-curve function and exponential trend smoothing are well suited to forecast financial services for digital as well as traditional products and services.Additional Notes:
The market is updated twice per year in case market dynamics change.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)