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Cambodia’s new Credit Risk Heat Map
The Credit Bureau Cambodia (CBC), the leading provider of financial information, analytical solutions and credit assessment services in the Kingdom of Cambodia, recently launched the Credit Risk Heat Map, an intelligent and interactive map solution.
According to CBC’s CEO, this map allows executives and senior managers of credit institutions to easily navigate from one place to another with regard to their institution’s credit risk.
The Credit Risk Heat Map – the digitalisation of the Cambodian financial sector
As the credit market grows in the country, financial institutions need more and more data to optimise lending risks. With this new map, financial institutions across the country now have access to the latest market trends for specific locations.
In other words, with this data, financial institutions can determine the creditworthiness of borrowers by quantifying the risk of loss to which lenders are exposed in real time in the targeted geographical areas. Ultimately, this will have a positive impact on the analysis of credit risk on a national scale and will ensure that the loans granted are safe and of high quality.
A complementary tool to the Data Analytics Reports
The Credit Risk Heat Map is actually not the first data analytics solution offered by the CBC. In 2020, the award-winning financial information provider launched the Data Analytics Report, a solution that allows members of financial institutions to track and monitor their performance and risk levels relative to their sector and industry.
With this “intelligent business analysis suite”, CBC members can access five dashboards ranging from acquisition to retention management, designed to help them gain critical market insights and benchmark their operations.
The credit risk heat map was therefore designed to complement this existing tool in order to refine the analysis of the country’s financial data and to further improve the quality of the credit market.
The Cambodian banking sector in 2022 at a glance
Outstanding loans in banks and MFIs
USD 51.5 billion, an increase of 23.4% over last year.
Customer’s deposits
USD 42 billion, an increase of 16% over last year.
Non-performing loans (NPL) of banks and MFIs
rates considered controllable at 2.6 and 2.3% of total loans
Number of specialised and commercial banks
57 commercial banks and 9 specialised banks
Number of Microfinance institutions (MFIs)
5 deposit-taking MFIs and 80 non-deposit-taking MFIs
Number of rural credit institutions
231 credit rural institutions
In conclusion
The Cambodian banking and financial sector is evolving like the rest of the country’s sectors, allowing the credit market to reach new heights.
While this is a boon for many, as access to finance remains difficult for a large part of the population, it also means that players in the sector need new, innovative and efficient tools to ensure the security of the operations they carry out. To this end, the CBC has provided continuous and loyal support to the entire sector by introducing useful tools such as the Data Analytics Report and the recently developed Credit Risk Heat Map to ensure a sharpen, interactive and in-real-time credit risk analysis throughout the country.
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