http://khmerian.com Thu, 09 Feb 2012 22:19:29 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 http://khmerian.com/2010/04/banks-report-higher-lending-in-q1/ http://khmerian.com/2010/04/banks-report-higher-lending-in-q1/#comments Wed, 07 Apr 2010 14:11:41 +0000 Cambodia Economy http://khmerian.com/?p=941 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 … Continue reading]]> http://khmerian.com/2010/04/banks-report-higher-lending-in-q1/feed/ 0 http://khmerian.com/2009/12/acleda-stake-sold-much-higher-than-book-value-ceo/ http://khmerian.com/2009/12/acleda-stake-sold-much-higher-than-book-value-ceo/#comments Wed, 23 Dec 2009 04:12:41 +0000 Cambodia Economy http://khmerian.com/?p=894 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 … Continue reading]]> http://khmerian.com/2009/12/acleda-stake-sold-much-higher-than-book-value-ceo/feed/ 0 http://khmerian.com/2009/12/acleda-stake-sale-points-to-maturing-banking-industry/ http://khmerian.com/2009/12/acleda-stake-sale-points-to-maturing-banking-industry/#comments Sat, 19 Dec 2009 01:33:43 +0000 Cambodia Economy http://khmerian.com/?p=820 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 … Continue reading]]> http://khmerian.com/2009/12/acleda-stake-sale-points-to-maturing-banking-industry/feed/ 0 http://khmerian.com/2009/11/microfinance-loan-up-5-46-percent-in-3th-quarter/ http://khmerian.com/2009/11/microfinance-loan-up-5-46-percent-in-3th-quarter/#comments Mon, 16 Nov 2009 08:10:24 +0000 Cambodia Economy http://khmerian.com/?p=806 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 in outstanding loans in the second quarter. According to CMA’s data, non-performing loans (NPLs) declined … Continue reading]]> http://khmerian.com/2009/11/microfinance-loan-up-5-46-percent-in-3th-quarter/feed/ 2 http://khmerian.com/2009/08/using-bank%e2%80%99s-atms-to-pay-electricity-bills/ http://khmerian.com/2009/08/using-bank%e2%80%99s-atms-to-pay-electricity-bills/#comments Wed, 19 Aug 2009 02:12:40 +0000 Cambodia Economy http://khmerian.com/?p=708 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 province to pay their electricity bills through Automatic Teller Machines (ATMs). The ceremony of signing … Continue reading]]> http://khmerian.com/2009/08/using-bank%e2%80%99s-atms-to-pay-electricity-bills/feed/ 0 http://khmerian.com/2009/07/acleda-profits-plunge/ http://khmerian.com/2009/07/acleda-profits-plunge/#comments Wed, 22 Jul 2009 01:28:24 +0000 Cambodia Economy http://khmerian.com/?p=667 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 the bank last week showed profit after income tax dropped 54 percent to US$1.34 million … Continue reading]]> http://khmerian.com/2009/07/acleda-profits-plunge/feed/ 0 http://khmerian.com/2009/06/moody-upheld-acleda-bank-rating/ http://khmerian.com/2009/06/moody-upheld-acleda-bank-rating/#comments Mon, 29 Jun 2009 01:00:40 +0000 Cambodia Economy http://khmerian.com/?p=627 On Friday, 19 June, 2009, Moody, US-based global credit risk agency, confirmed in its statement that it has kept up the bank’s previous ratings mainly due to the role of Acleda’s shareholders, have has long-term focus and have demonstrated their support to the bank by providing equity and debt financing since its inception. According to … Continue reading]]> http://khmerian.com/2009/06/moody-upheld-acleda-bank-rating/feed/ 0 http://khmerian.com/2009/06/acleda-extended-its-branch-to-kampot/ http://khmerian.com/2009/06/acleda-extended-its-branch-to-kampot/#comments Wed, 24 Jun 2009 09:05:26 +0000 Cambodia Economy http://khmerian.com/?p=611 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 … Continue reading]]> http://khmerian.com/2009/06/acleda-extended-its-branch-to-kampot/feed/ 0 http://khmerian.com/2009/05/banking-on-an-economic-crisis/ http://khmerian.com/2009/05/banking-on-an-economic-crisis/#comments Fri, 08 May 2009 09:21:35 +0000 Cambodia Economy http://khmerian.com/?p=468 EXACTLY one year after the subprime mortgage crisis first hit in the United States in July 2007, Cambodia’s central bank took measures to reduce liquidity in its undeveloped financial system by doubling reserve requirements from 8 percent to 16 percent. This move showed Phnom Penh was clearly out of sync with the world’s major financial … Continue reading]]> http://khmerian.com/2009/05/banking-on-an-economic-crisis/feed/ 1 http://khmerian.com/2009/04/acleda-posts-rise-in-loans-deposits-in-laos/ http://khmerian.com/2009/04/acleda-posts-rise-in-loans-deposits-in-laos/#comments Wed, 08 Apr 2009 08:01:30 +0000 Cambodia Economy http://khmerian.com/?p=424 ACLEDA Bank has posted healthy first-quarter figures for its operations in Laos, a bank representative said Tuesday, with the Cambodian-owned bank recording large increases in both deposits and loans, defying the financial crisis. Yin Virak, ACLEDA vice president and head of the bank’s International Department, said the bank’s loans had more than doubled from US$1.2 … Continue reading]]> http://khmerian.com/2009/04/acleda-posts-rise-in-loans-deposits-in-laos/feed/ 0