Cambodians not yet using banks

Cambodian people used banks less than any other country in the region.

Only 4 per cent of Cambodians had a bank account in 2011.

This is compared with 27 per cent in Lao PDR and 21 per cent in Vietnam.

Cambodia has a high percentage of borrowers in the mircofinance sector.

Cambodians borrowing informally from friends and family members was 39
per cent in 2011.

Informal lending is a threat to the financial stability and was high
above the regional average.

Informal lending often carries annual interest rates of more than 50 per cent.

The number of Cambodians saving at banks was 1 per cent.

Savings accounts are expected to grow in the near future as bank
services increase.

No credit card usage was reported, with about 3 per cent using debit cards.

Source ::
http://www.phnompenhpost.com/index.php/2012053056467/Business/cambodians-shun-banks.html