Tag Archives: Acleda

Banks report higher lending in Q1

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 … Continue reading

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ACLEDA stake sold ‘much higher’ than book value: CEO

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 … Continue reading

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ACLEDA stake sale points to maturing banking industry

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 … Continue reading

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Microfinance loan up 5.46 percent in 3th quarter

Cambodian Microfinance Association (CMA) released its figures that during the third quarter of this year, Cambodia’s microfinance institutions (MFIs), which included 21 MFIs and small loans from ACLEDA Bank, increased 5.46 percent to 448.1 million, following a 2.7 percent drop … Continue reading

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Using bank’s ATMs to pay electricity bills

Cambodia’s leading commercial bank, ACLEDA, has signed a memorandum of understanding with State-own electricity provider, Electricity du Cambodge (EdC), on August 17 at Raffles Hotel Le Royal in a purpose to provide the bank’s costumers in Phnom Penh and Kandal … Continue reading

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ACLEDA profits plunge

AN increase in the volume of loans not repaid on time and greater lending caution led to a 54 percent drop in second-quarter profits at ACLEDA Bank, President and CEO In Channy said Monday. Unaudited quarterly financial statements released by … Continue reading

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