Logo of Phnom Penh Post newspaper Phnom Penh Post - Top corporate leaders share their views with The Post about Cambodia’s financial sector




Top corporate leaders share their views with The Post about Cambodia’s financial sector

Content image - Phnom Penh Post

Top corporate leaders share their views with The Post about Cambodia’s financial sector

Content image - Phnom Penh Post
Mr David Nutman CEO of Prudential (Cambodia) Life Assurance PLC

“Cambodia’s economy and market outlook remain strong for 2019 and beyond. Rising incomes and wealth combined with an expanding population provides great opportunities across the financial sector. The insurance market remains hugely underpenetrated and there is a growing local appetite. Increasing trust in insurance brands and improving customer understanding of the benefits of insurance should enable significant growth in the market.”

Mr David Nutman
CEO of Prudential (Cambodia)
Life Assurance PLC

Content image - Phnom Penh Post
Mr Guillaume Perdon CEO of Bred Bank Cambodia

“According to official estimates, Cambodia’s economic growth will remain strong at around seven per cent for 2019. In response to this growth, Bred Bank Cambodia is ready to provide financial and non-financial support to individuals and businesses in the development of their projects. Start with Bred, Grow with Bred.”

Mr Guillaume Perdon
CEO of Bred Bank Cambodia

Content image - Phnom Penh Post
Dr Soeung Morarith CEO of CHIEF (CAMBODIA) COMMERCIAL BANK PLC.

“Cambodia has enjoyed high economic growth rates of 7.6 per cent per annum over the past two decades without overheating. As regards banking sector and in light of high domestic investment demand, the banking sector and other financial institutions such as micro-finances have been handsomely profitable, attracting new entries and leading to a rapid expansion of the sector. This is reflected in the substantial increase in assets, credits, deposits, demands for bank loans and other bank services.
According to recent forecast by the IMF, the country’s economy will grow 7.25 per cent in 2018, with low inflation. It is expected that Cambodia’s financial or economic outlook for 2019 will remain strong and robust.”

Dr Soeung Morarith
CEO of CHIEF (CAMBODIA)
COMMERCIAL BANK PLC.

Content image - Phnom Penh Post
Mr Tomas Pokorny CEO of Pi Pay

“Cambodia is poised to continue its remarkable growth story and the adoption of fintech solutions in everyday life will be a strong part of that story. With more regional and global players looking to invest in Cambodia, it is essential for local players like Pi Pay to continue developing in line with local needs and requirements. With our international partnerships with the likes of Alipay and Union Pay, we are in a great position of working with the very best in the business to put cashless convenience in the hands of our users every day.”

Mr Tomas Pokorny
CEO of Pi Pay

Content image - Phnom Penh Post
Mr Anthony Galliano Group CEO Cambodian Investment Management Holdings

Cambodia is well positioned to continue it’s consistent record of robust growth circa 7% supported by the boom in construction, full employment, and foreign investment, particularly from China. I am concerned about a potential downward price adjustment in real estate prices, continued wage inflation, and possible further foreign government actions. Other than that, the outlook is bullish, save any global event that derails the economy worldwide.

Mr Anthony Galliano
Group CEO Cambodian Investment Management Holdings

Content image - Phnom Penh Post
Mr SHIN Chang Moo President of PPCBank

We feel positively about our continuous growth in the Cambodian economy. Real estate (RE) investment will have positive spillover effects on other business sectors and middle-class households. The banking industry will maintain its steady growth, even with more players emerging in the market. More people are open to recent trends, including adopting digital banking as they seek convenience and good experiences. PPCBank is always on the forefront of banking, introducing innovative services and products on both online and offline channels while maintaining financial soundness and operational risk control.

Mr SHIN Chang Moo
President of PPCBank

Content image - Phnom Penh Post
Mr Ong Teong Hoon Shareholders’ Representative -Phillip Capital

“We are cautiously optimistic about 2019 as the momentum of growth augurs well for our Group in spite of the uncertainty over the EBA. Nonetheless Phillip Capital Group ‘s largest investment is in Cambodia with more than USD100M amongst the 17 countries where we operate. It exemplifies our Group’s view on the long term prospects of the country.”

Mr Ong Teong Hoon
Shareholders’ Representative -Phillip Capital

Content image - Phnom Penh Post
Mr Tondy Suradiredja CEO of CAMBODIA LIFE INSURANCE PLC.

“The insurance industry continues to grow year-on-year, especially 27 per cent in 2017 contributing 0.3 per cent of GDP according to the IAC. It reflects businesses and families in Cambodia understand how to manage risks together with ability to use it. This is a positive sign toward sustainable growth of Cambodia’s financial system. I strongly believe there is a huge potential market to be reached in the future where Camlife turns its direction as an insurance company for every Cambodian family.”

Mr Tondy Suradiredja
CEO of CAMBODIA LIFE INSURANCE PLC.

Content image - Phnom Penh Post
Mr Phok Ratha General Manager of DaraPay

“Mobile technology has transformed the way we live, work, travel, shop and stay connected. As a FinTech company, DaraPay constantly strives to provide innovative financial services that meet the changing need of our customers. In 2019, we will be offering more solutions to address the growing demand for convenience and access to financial services ensuring that DaraPay stays at the cusp of innovation and offers superior customer experience.”

Mr Phok Ratha
General Manager of DaraPay

MOST VIEWED

  • Would you like fries with that? US burger chain makes Phnom Penh debut

    California-based The Habit Burger Grill restaurant chain is all set to serve up a delicious array of charbroiled burgers and sides at its newest international location in the centre of Phnom Penh. The Habit is “renowned for its award-winning Charburgers grilled over an open flame,

  • Banteay Meanchey flood victims receive aid

    Prime Minister Hun Sen on Wednesday provided aid to more than 10,000 families affected by flooding in Banteay Meanchey province’s Mongkol Borei district and offered his condolences to the 18 victims who drowned in the province over the past week. He said flooding had occured in

  • Angkor provides ‘valuable’ water storage

    The Apsara National Authority (ANA) has stored millions of cubic metres of water at reservoirs in the Angkor area after Cambodia experienced a series of rainstorms over the last few days. The storing of the water, besides serving temple conservation, will also be used to

  • PM urges caution as Polish man tests positive for Covid

    The Ministry of Health on Wednesday reported that a 47-year-old Polish man tested positive for Covid-19 after arriving in Cambodia on Monday. There are a total of six Covid-19 patients currently in the country, all of whom are being treated at the Khmer-Soviet Friendship Hospital

  • Banteay Meanchey floods kill one more as death toll reaches 15

    As floodwaters start to recede in Pursat, Battambang and Pailin provinces and Phnom Penh, Banteay Meanchey continues to bear the brunt as one more person was killed on Monday, bringing the total number of flood-related deaths to 15 in the province this month. Banteay Meanchey provincial

  • Serving coffee with a side of robots

    The eye-catching glass building surrounded by greenery at the intersection of Streets 371 and 2002 in Phnom Penh’s Sen Sok district is more than just another coffee shop where you can while away a few hours. UrHobby House cafe is filled with robots and characters from