47914-014: CAM: ACLEDA BANK PLC PROMOTING FINANCIAL INCLUSION

Project Data Sheet (PDS): Overview


Description

A senior loan of up to $75 million to ACLEDA Bank to fund lending operations in Cambodia and Lao. ACLEDA is the largest financial institution in Cambodia with a 23% market share of total loan assets and a loan portfolio of $1.2 billion. It is the only rated bank in Cambodia (by S&P), and is the only bank in Cambodia currently active under ADB s TFP. ACLEDA funds across a range of customer segments, including micro, SME and corporates. ACLEDA Bank Lao was established as a separate entity in 2008 and turned profitable during 2011. ACLEDA has the largest branch network in Cambodia (237) and now has 25 offices in Lao. ACLEDA is also exploring the establishment of an operation in Myanmar, and the project team continues to discuss potential collaboration on this initiative. Read More

Country Regional
Borrower/Equity Investment Name ACLEDA BANK PLC
Project Number 47914-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Numbers 7399
Approval Date 12 Dec 2013
Closing Date 28 May 2016
Sector Finance
Subsector Banking Systems

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Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Project Data Sheets (PDS)

Translated PDS

Responsible ADB Officer
Paul Robert Flegler
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Private Sector Financial Institutions Division

PDS Creation Date
26 Feb 2014

Last PDS Update
12 Mar 2014

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