MDI Deposits Up 9% at 170 Trillion Riel in H1

Although US dollar deposits continue to make up the majority, Khmer riel deposits saw an expansion of 32% in the period
A person buys bananas in Phnom Penh. Kiripost/Siv Channa
A person buys bananas in Phnom Penh. Kiripost/Siv Channa

The Kingdom’s microfinance deposit-taking institutions (MDIs) registered a 9.4 percent growth in deposits at 169.4 trillion riel (approximately $40 billion) as of June 30, 2023, according to an X post by National Bank of Cambodia (NBC) today.

Based on the statistics, 88.4 percent of the share of deposits comprised foreign currency which amounted to 145.8 trillion riel ($35.4 billion), while Khmer riel deposits totalled 19.1 trillion riel ($4.6 billion).

Of the foreign currency deposits, rising 7.1 percent from the first half of last year, fixed deposits represented the largest portion at 53.1 percent, followed by savings deposits (26.5 percent) and demand deposits (18.9 percent).

Similarly, Khmer riel deposits gained 31.5 percent year-on-year, with 52.4 percent of that in fixed deposits, 24.8 percent (demand deposits) and saving deposits making up 21.1 percent of the total share.