ACLEDA Bank


ACLEDA Bank Plc. is a public limited company, formed under the Banking and Financial Institutions Law of the Kingdom of Cambodia. Based in Phnom Penh, with 261 offices covering all provinces, as well as 42 in Laos, and seven in Myanmar. ACLEDA started out in 1993 when it began providing micro credits to war victims. By now it is Cambodia's major commercial bank. ACLEDA had more than $5,244 million in total assets as of December 31, 2017, and more than $3,117 million in deposits, with over $3,085 million in loans outstanding.
According to the National Bank of Cambodia, ACLEDA Bank is the largest domestic commercial bank in terms of total assets and number of clients, with more than 1.7 million depositors as of December 31, 2017.
The bank is headed by president and GMD, In Channy, who is one of the original 28 members of the organization. Channy joined the company in 1992 as a loan officer while the bank was still a UN-funded microfinance project. He is chief executive officer of the company, and vice-chairman of the International Business Chamber of Cambodia.
ACLEDA is an acronym for the Association of Cambodian Local Economic Development Agencies.
WWW Official Site𝕏 acledabankplcFB acledabankplc

International expansion

In 2008, ACLEDA Bank expanded its business to Laos, becoming the first Cambodian bank to begin operations within the country. As of December 31, 2017, ACLEDA manages 42 branches within Laos. Following the lifting of international sanctions on Myanmar in early 2012, the bank applied for a micro-finance license in Myanmar in June of that year with the plan of providing deposit accounts and money transfers via micro-finance services. The Burmese subsidiary was opened in 2013, which manages 7 offices in the Yangon and Bago regions.

ACLEDA Securities PLC.

ACLEDA Securities Plc. is a brokerage firm registered, as a public limited corporation, under the law of the Kingdom of Cambodia, authorized by the National Bank of Cambodia and licensed by the Securities and Exchange Commission of Cambodia to provide services as a securities' brokerage business to individual and institutional customers, investors and the public.
During the IPO of PPWSA in March 2012, Cambodia's first IPO on the Cambodian Stock Exchange, ACLEDA Securities provided market access to investors wishing to participate in the stock exchange through 21 of the bank's branches around Cambodia.

Shareholders

ACLEDA Bank Plc. is 51% owned by Cambodian interests, including its staff, with the remaining 49% taken up in equal parts by Sumitomo Mitsui Banking Corporation, COFIBRED, ORIX Corporation, and the three investment funds managed by Triodos Investment Management.
Its current shareholders as at June 19, 2019.

ShareholderNumber of SharesSubscription Price Ownership
ACLEDA Financial Trust111,492,719$111,492,71926.00%
ASA, Plc.107,204,547$107,204,54725.00%
Sumitomo Mitsui Banking Corporation78,259,310$78,259,31018.25%
COFIBRED52,530,223$52,530,22312.25%
ORIX Corporation52,530,223$52,530,22312.25%
Triodos Microfinance Fund10,938,339$10,938,3392.55%
Triodos Fair Share Fund9,354,157$9,354,1572.18%
Triodos Sustainable Finance Foundation6,508,636$6,508,6361.52%
Total428,818,154$428,818,154100.00%

ACLEDA Staff Association (ASA)

ASA is a holding company through which the employees of ACLEDA and certain other investors can participate in the long-term growth and value appreciation of ACLEDA. ASA holds as its principal asset 98,806,034 shares of ACLEDA, which represents 25% of the bank's issued shares. On March 1, 2010, the Leopard Cambodia Fund, Cambodia's first private equity fund operated by frontier markets private equity firm Leopard Capital, in partnership with two other foreign investors, acquired a 7.72% stake in ASA, Plc.

Ratings

ACLEDA Bank is the first bank in Cambodia to have been assigned ratings by the top international credit rating agency — Standard & Poor's.
December 16, 2020
CategoryRating
ACLEDA Bank Plc
Issuer Credit RatingB+/Stable/B
Stand-Alone Credit Profile bb