Cambodia Credit Bureau reports a surge in Q3 2020
By
B2B Cambodia
on
The Cambodian property sector is starting to see signs of recovery due to the local demand reports Realestate.com.kh, while the Cambodian Credit Bureau (CBC) reported a 50% increase in mortgage applications in Q3 2020.
Cambodian Credit Bureau (CBC) reported a 50% increase in mortgage applications in Q3 2020
The latest Credit Bureau’s report implies a total consumer loan balance of USD $9.11 billion was recorded by the end of Q3 2020. General loans also include personal loans, credit cards as well as mortgage loans.
Other takeaways from the CDC report were:
![Realestate.com.kh Year-End Property Sale 2020](/wp-content/uploads/2020/10/Cambodia-Property-Sale-2020.jpg)
- Around 51% or 4.6 billion USD is made up of mortgage applications followed by personal finance at 47.90% or USD $4.3 Billion.
- The loan balance from credit cards made 0.58% or USD $52 Million.
- A total of 1.27 million loan accounts were made by Q3 2020.
- Mortgage accounts occupied 10.58% or ~135,000 accounts.
- Personal loans made up 81.12% or 1.03 million.
- Credit card loan accounts were recorded at 8.30% or ~105,000 of total credit accounts.