新韩银行柬埔寨子公司称逾期率约2%、目标ROE提升至10%

As Cambodia's economic slump has pushed delinquency rates in the local financial sector past double digits, Shinhan Bank Cambodia, the local subsidiary of Shinhan Bank, has succeeded in managing asset soundness by maintaining a low delinquency rate in the 2% range. Having secured soundness by building a portfolio centered on quality assets such as mortgage loans, the bank plans to continue expanding its business focused on institutions and quality borrowers.
According to the financial industry on the 5th, the average delinquency rate across Cambodia's entire financial sector stood at 12.94% as of the end of May this year. As delinquency rates continued to rise amid a real estate market adjustment following the pandemic, the proportion of non-performing loans (NPL) has also expanded to 26%, raising growing concerns over bad debt.
While financial institutions in Cambodia are focusing on managing asset soundness, Shinhan Bank Cambodia is accelerating its business expansion. This is because its delinquency rate remains at the low-to-mid 2% level, the result of applying strict standards across the entire process from loan review to execution and post-management.
Shinhan Bank entered Cambodia in October 2007 as the first Korean commercial bank to do so, establishing "Shinhan Khmer Bank," and changed its name to Shinhan Bank Cambodia in 2018. Unlike other Korean financial institutions that entered the local market through mergers and acquisitions (M&A), it grew into a mid-tier bank solely through organic growth. As of May this year, total assets stood at $1.031 billion, up 5.3% from the same month a year earlier, and total loans reached $862 million, up 3.2%, continuing its steady growth.
This year, Shinhan Bank Cambodia is actively expanding its business to secure deposits. This comes as recent sanctions by local financial authorities led to the liquidation of some banks, prompting financial consumers to consider stability rather than simply chasing high-interest deposits. Shinhan Bank Cambodia is conducting marketing by highlighting Shinhan Bank's solid credit rating, capital stability, and strong asset soundness. It is also expanding its efforts to attract settlement funds from institutional clients.
Shinhan Bank Cambodia aims to raise its return on equity (ROE), currently at the 5-6% level, to 10%. "Since global business requires higher capital efficiency than in Korea, we plan to raise ROE through stable growth," said Park Hee-jin, president of Shinhan Bank Cambodia. "In the second half as well, we will concentrate our capabilities on asset normalization and receivables management, along with company-wide efforts to maintain soundness."