Finance & Banking
Late Loan Repayments Lag Further in Q3, As Retail Credit Demand Shoots Up
The latest Credit Bureau of Cambodia report shows loans of 30 days past their due date at its highest level in the third quarter of 2024, with significant increases in credit card and personal finance. Banks have been restructuring loans since August, but the pace of loan quality improvement remains to be seen. In the meantime, the outstanding loan balance of credit cards, personal finance and mortgage was up at $15.5 billion as of September 30, 2024