ACLEDA Bank

Infobox Company
company_name = ACLEDA Bank Plc
company_
vector_
company_type = Private
genre =
foundation = Cambodia (1993)
founder =
location_city =
location_country =
location = Phnom Penh, Cambodia
origins =
key_people =
area_served = Nationwide, Laos [http://www.acledabank.com.kh/EN/MD_ln20080708.asp]
industry = Banking and Finance
products = Financial Services
revenue =
operating_income =
net_income =
num_employees = 3,214
parent =
divisions =
subsid =
owner =
company_slogan = The bank you can trust!
homepage = [http://www.acledabank.com.kh www.acledabank.com.kh]
dissolved =
footnotes =

ACLEDA Bank is a privately owned bank based in Phnom Penh, Cambodia with over 160 branch offices and 3,214 staff in 24 towns and provinces in the country.

History

ACLEDA was established in January 1993, as a national NGO for micro and small enterprises development and credit. With assistance from US Aid, MPDF/IFC and UNDP, amongst others, a three year program for transformation commenced in 1998. Established on October 7, 2000 as a bank with a Specialised Bank license. On December 1, 2003 ACLEDA Bank Ltd received a full Commercial Bank license and name changed as ACLEDA Bank Plc.

Ownership

In accordance with Licence N° 01/BIS issued by the NBC on December 01, 2003 and in accordance with Approval N° 052 issued on January 12, 2004 by the Ministry of Commerce, the Bank increased its total registered share capital from US$4,000,000 to US$13,000,000, represented by 13,000,000 ordinary shares, each having an issue price of US$1 (2002: US$10). On November 30, 2006, ACLEDA Bank celebrated its thirteenth anniversary and has raised its issued and paid-up capital from US$13,000,000 to US$30,000,000.ACLEDA NGO = 37.30%, ASA Inc = 13.30%, DEG = 12.25%,FMO = 12.25%, IFC = 12.25%, Triodos Doen = 7.95%, Triodos Fair Share Fund = 4.30%

ervices

Loans: Micro, Small & Medium Loan, Overdraft, Revolving Credit Line, Housing Loan...Deposits: Demand, current, fixed, corporate deposits in local currency "Riel, KHR" and foreign currencies such as USD, THB, EUR, AUD, CAD, VND. Trade Finance: Documentary Credit, Documentary Collection, Bank Guarantee.Money Transfer: Local & International Money Transfer, Western Union Agent.Cash Management, Bank Confirmation, Payroll Service, Foreign Cheque Purchase, Bank Draft, Foreign Exchange

Competition

ACLEDA Bank's main competitors are ANZ Royal Bank, Cambodia Asia Bank, Canadia Bank, Maybank Phnom Penh, Singapore Banking Corporation (SBC), Vattanak Bank.Cambodia Yellow Pages. [http://www.yellowpages-cambodia.com/banking/banking-and-finance Banking & Finance - Cambodia] . Retrieved on 2007-04-06]

Notes

* cite web
last = ACLEDA Bank Plc.
first =
title = Annual Reports
url = http://www.acledabank.com.kh/assets/pdf+zip/ACLEDA_AnnRept2005.pdf

External links

* [http://www.acledabank.com.kh ACLEDA Bank website]

* [http://www.taiyocambodia.com/interviews/in-channy-Acleda-Bank.html ACLEDA Bank of Cambodia] - [http://www.taiyocambodia.com/interviews Interviews] - [http://www.taiyocambodia.com/photos Photos of Cambodia] - [http://www.taiyocambodia.com/destinations Destinations in Cambodia] What's new in Cambodia? Information before going to Cambodia.