Cambodia financial industry is growing strong in 2017

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Cambodia’s financial sector is set to enjoy strong growth next year as the expected total outstanding loans and deposits grew roughly 20 percent compared with last year due to good economic practices.

According to a report by the National Bank of Cambodia (NBC) titled “The Macro Economy Progress and 2016 Banking Sector and the Vision 2017,” outstanding loans within the banking sector hit $17.6 billion, up 18.3 percent, and deposits reached $15.4 billion, up 20.7 percent.

“The banking sector continues to grow strongly and to contribute to the sustainable and inclusive growth of economic activities,” the report said.

The banking system is healthy [with]…the high level of liquidity in both the banking and financial sector, while the non-performing loans are very low at 3.5 percent and one percent respectively

Find out more about investing in cambodia property if you are looking to capitalize on the economy, US Dollar, and property boom

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According to Simon Griffiths, the senior associate director for CBRE Cambodia. Quoted from phnompenhpost.com There was evidence that private individual foreigners were still buying real estate in Cambodia late in 2016 and that private investors were particularly attracted to guaranteed yields, developers with strong reputations and new or innovate products/design. Consequently, FDI in property/real estate remained strong in 2016 but not equal to 2015’s.

Looking ahead for 2017, it is likely FDI will remain high but not in the same sectors or geographies as experienced in 2015 and 2016.

If Phnom Penh is a cup, then that cup is brimming with development. That does not mean there will not be further foreign investment in Phnom Penh in 2017, but expect to see foreign investment move towards entertainment, hotels, condo-hotels and retail in 2017

Against the back-drop of stagnant low interest rates in developed economies, guaranteed yields of five percent and above represent ways to appreciate wealth rather than in real terms losing it as it sits in the bank

Find out on this article on how to invest in cambodia property