Market Insights Financial Banking Traditional Banks

Traditional Retail Banking - Cambodia

Cambodia

In Cambodia, the Traditional Retail Banking market market is anticipated to witness a significant increase in Net Interest Income, with projections indicating a value of US$2.04bn in 2024.
This figure is expected to experience a compound annual growth rate (CAGR 2024-2029) of 4.97%, leading to a market volume of US$2.60bn by 2029.
When compared globally, China is forecasted to generate the highest Net Interest Income, amounting to US$2,426.0bn in 2024.
In Cambodia, traditional retail banking is experiencing a surge in demand as more people seek secure and accessible financial services.

Key regions: France, Brazil, Germany, United Kingdom, United States

Definition:
Traditional retail banking refers to the financial services sector that provides a range of financial products and services to individual consumers through store-based branches and other traditional channels. These services include personal loans, savings and checking accounts, credit cards, mortgages, and other financial products designed specifically for individual consumers.
Traditional retail banks have a long history of serving customers and have established relationships and a deep understanding of the financial needs of their communities. They offer a wide range of services and are able to provide personalized advice and support to their customers.
Despite facing increased competition and changing customer preferences, traditional retail banks continue to play a vital role in the financial landscape. They are continually seeking ways to improve their offerings and remain competitive by leveraging technology and offering innovative financial products and services.
Overall, traditional retail banking provides a wide range of financial services to individual consumers through established, trusted channels and continues to be an important part of the financial landscape.

Structure:
The market data comprises Net Interest Income, the value of Deposits, the value of Loans, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.

Additional information:
The Banking market is highly competitive and characterized by the presence of large global players as well as regional and local banks. Banks are continually seeking ways to improve their offerings and remain competitive by leveraging technology and offering innovative financial products and services. Additionally, changes in regulations and the growing trend toward digitalization are shaping the retail and commercial banking market, creating opportunities for new entrants, and forcing existing players to adapt.

Key players in this market are companies such as Industrial and Commercial Bank of China Ltd., Bank of America Corp., and BNP Paribas.

Use the info button next to the boxes for more information on the data displayed.

Market

Region

Region comparison

Currency

Analyst Opinion

Over the past few years, the Traditional Retail Banking market in Cambodia has experienced significant growth and transformation.

Customer preferences: Customers in Cambodia are increasingly seeking convenience and accessibility in their banking services. This has led to a rise in demand for digital banking solutions and online banking platforms, as customers look for ways to manage their finances efficiently and securely. Moreover, there is a growing preference for personalized services and tailored financial products that cater to the specific needs of individual customers.

Trends in the market: One notable trend in the Traditional Retail Banking market in Cambodia is the expansion of mobile banking services. With the widespread adoption of smartphones and the increasing internet penetration in the country, more customers are turning to mobile banking as a convenient way to conduct their banking transactions. This trend is driving banks to invest in technology and digital infrastructure to enhance their mobile banking capabilities and provide a seamless customer experience.

Local special circumstances: In Cambodia, the banking sector is characterized by a high level of competition among both domestic and international banks. This competitive landscape has led to banks focusing on innovation and customer-centric strategies to differentiate themselves in the market. Additionally, the relatively young population in Cambodia presents an opportunity for banks to target the growing segment of tech-savvy and digitally active customers who are looking for modern banking solutions.

Underlying macroeconomic factors: The economic growth and stability in Cambodia have played a significant role in the development of the Traditional Retail Banking market. As the country's economy continues to expand, there is a growing demand for banking services to support the needs of businesses and individuals. Moreover, the government's efforts to promote financial inclusion and improve regulatory frameworks have created a conducive environment for the growth of the banking sector in Cambodia.

Methodology

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.