Cambodian Economy Reviews

Leading commercial banks, ACLEDA Bank Plc, launched its 232nd brand in Battambang province in order to increase customer services, celebrated by H.E. Governor of Battambang province H.E provincial Council, Deputy Governor, Chairman and Delegation of international Business Chamber and other staff from bank. Recently, ACLECA has launched a top-up service suing mobile-phone technology and a [...]

BANKS saw increased lending in the first quarter this year, with bad loan rates declining and demand in key sectors rising, officials said. Lending at Canadia Bank rose 5 percent, to US$405 million, in the first quarter, up from $385 million at the end of 2009. Business loans have picked up since the last quarter [...]

JARDINES Matheson Group would have paid “much higher” than the book value for its purchase of a 12.25 percent stake in ACLEDA Bank announced Thursday, said the lender’s CEO and President In Channy. Although neither Jardines nor FMO, the Dutch development bank that sold its stake in ACLEDA, has announced the price of the sale [...]

DIVERSIFIED regional holdings firm Jardine Matheson Group has acquired a 12.25 percent stake in ACLEDA Bank for an undisclosed sum, according to a Thursday announcement, a deal that analysts said represented confidence in Cambodia’s financial sector after a turbulent year for the global economy. JSH Asian Holdings, a group subsidiary, will purchase the stake from [...]