ACLEDA Bank

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ACLEDA Bank Plc
Type	Private
Founded	Cambodia (1993)
Headquarters	Phnom Penh, Cambodia
Area served	Nationwide
Industry	Banking and Finance
Products	Financial Services
Employees	3,214
Website	www.acledabank.com.kh

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.

1 History
2 Ownership
3 Services
4 Competition
5 Notes
6 External links

[edit] 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.

[edit] 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%

[edit] Services

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

[edit] Competition

ACLEDA Bank's main competitors are ANZ Royal Bank, Cambodia Asia Bank, Canadia Bank, Maybank Phnom Penh, Singapore Banking Corporation (SBC), Vattanak Bank.^[1]