Despite the global financial crisis, ACLEDA bank, leading commercial bank, still widened its operation across country. On Wednesday the bank opened up its new branch in Kampot province in order to tap into a considerable local market for small loans.
It is the 14th branch standardizing like branches set up in Cambodia and Laos. Say Soksamnang, senior vice president and head of ACLEDA‘s Division for Branch Administration, was quoted by the Phnom Penh Post as saying that since opening its first branch in Kampot province in 1994, the bank had attracted 9,370 active borrowers with US$9 million worth of loans.
So far, ACLEDA consists of 60 branches with 229 offices and 6,901 staff throughout the country.
“In the provinces, our loans are very popular for micro- and small-sized business people who use them to enlarge their businesses,” he said. “The market for loans there is large,” reported the Phnom Penh Post.
Popularity: 4% [?]
