Tag Archives: Commercial banks

ACLEDA bank opened new brand in Battambang

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 … Continue reading

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Lending remains flat at FTB Cambodia

THE FOREIGN Trade Bank of Cambodia saw a slight rise in its non-performing loans (NPL) in the first quarter of 2010, while lending was flat, according to official figures. The bank’s NPL rate – counted as loans the borrower has … Continue reading

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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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