Only 3.7 percent of Cambodia’s 14 million people have bank accounts with a financial institution, while less than 1 percent of those with an account are actually using them to save money, according to a World Bank report released Tuesday. Though the World Bank’s Global Financial Development Report for 2014 underscores how far Cambodia still is from providing financial services to its wider population, bankers on Monday disputed the figures and said many more people in the country had accessed banking services since 2011. According to the report, the percentage of Cambodians with a bank account is the
© 2013, The Cambodia Daily. All rights reserved. No part of this article may be reproduced in print, electronically, broadcast, rewritten or redistributed without written permission.

More...