Cambodia’s Non-Bank Financial Sector Assets Surpass $9 Billion

Cambodia’s Non-Bank Financial Sector Assets Surpass $9 Billion

PHNOM PENH, Sept. 29, 2026 — Cambodia’s non-bank financial sector has expanded sharply over the past five years, with total assets rising from more than $3 billion in 2021 to over $9 billion in 2025, according to Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth.

The figure represents more than 18% of Cambodia’s gross domestic product, highlighting the growing role of non-bank financial institutions in the country’s financial system and wider economy.

Aun Pornmoniroth, who also chairs the Non-Bank Financial Services Authority (FSA), made the remarks on Tuesday during a forum reviewing the authority’s achievements during its first five-year mandate and the 2026 Annual Securities Conference.

He said the sector had grown rapidly during the FSA’s first mandate and was playing an increasingly important role in Cambodia’s national financial system.

The expansion was reflected not only in the size of the sector but also in its contribution to economic activity, investment and broader socioeconomic development, he said.

The number of jobs in the non-bank financial sector also doubled during the period, increasing from about 8,000 in 2021 to approximately 16,000 in 2025.

Aun said the development of technical and professional skills in the sector had also contributed to the growth of Cambodia’s financial-sector labour market and supported the government’s broader human-resource development priorities.

Beyond employment, the non-bank financial sector has expanded access to financial services through social-security systems, insurance products and investment opportunities. It has also supported improvements in financial information, corporate governance and accountability, according to the official.

The sector has additionally contributed to financing needs, including emergency financing and affordable housing, while providing businesses and investors with more financing and investment options.

Cambodia’s securities market forms part of the broader non-bank financial sector and has been identified as an important source of financing for the economy. Official securities-sector data show continued development in both equity and bond markets, including growth in corporate bonds outstanding during 2025.

Aun said continued strengthening and expansion of the financial sector, particularly the non-bank segment, was important for building a financial system capable of supporting economic growth while remaining stable, safe and resilient in the face of domestic, regional and global changes.

The government has also identified financial-sector development as a key part of its longer-term economic agenda. Cambodia’s Financial Sector Development Strategy 2025–2030 covers areas including securities, insurance, pensions, financial technology and other non-bank financial services, with priorities including financial stability, inclusion, regulation and sustainable economic growth.

The Securities and Exchange Regulator of Cambodia has continued developing the securities market, including work on digital assets, corporate bond listings and financing access for businesses.

The rapid expansion of the non-bank financial sector comes as Cambodia seeks to diversify its financial system and broaden sources of financing beyond traditional banking, while strengthening regulation and resilience across the financial sector.