Cambodia

The bank bagged the Domestic Retail Bank of the Year - Cambodia for strengthening its leadership as Cambodia’s largest and most innovative financial institution.

Bad loans may rise to up to 10% of outstanding loans by 2026.

Bakong system users can pay using JPQR, and Japanese users can eventually pay through the KHQR.

Cambodians need only to scan the UnionPay QR Code to pay.

Of 22 priority actions, 4 are complete and 15 are ongoing, the statement said.

Tourists can use the app to pay at 4.5 million merchants in Cambodia.

But unbacked cryptoassets are not allowed.

Earlier covenant breaches will continue to be a problem for some of the banks.

Tourists can top up their account by linking it to their Mastercard.

They can now make payments in over 1 million Cambodian merchants.

Funding is ‘strong’ thanks to its position as one of the country’s largest banks.

ACLEDA, Hattha Bank, and LOLC have all breached their covenants.

Its tourism and real estate sectors continue to lag behind the economy.

This highlights its robust growth, innovative digital banking solutions, and expansive service network.

Profitability will remain under pressure due to stiff competition and high costs.

The bank took home the Domestic Retail Bank of the Year - Cambodia win.