Cambodia: Loan to ACLEDA Bank Plc for Promoting Financial Inclusion

Nonsovereign Project | 47914-014

Summary

ADB will extend a senior loan of up to $75 million to ACLEDA Bank Plc.

Latest Project Documents

Consulting Notices

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Project Name Loan to ACLEDA Bank Plc for Promoting Financial Inclusion
Project Number 47914-014
Borrower/Company ACLEDA BANK PLC
Country Cambodia
Location
Approval Number 7399/3104
Type or Modality of Assistance
7399/3104 Loan USD 75.00 million Committed
Strategic Agendas
Drivers of Change
Sector / Subsector For classification - For classification
Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Paul Robert Flegler
Project Sponsor(s)
Description ADB will extend a senior loan of up to $75 million to ACLEDA Bank Plc.
Objectives and Scope
Linkage to Country/Regional Strategy The loan will complement ADB s ongoing initiatives in the financial sector, as well as the government s 10 year rolling financial sector development strategy for 2011 2020. The government strategy s main goal is to develop a sound financial sector that can contribute to poverty reduction by supporting economic growth and giving lower-income people greater access to finance. ADB has been supporting government reform efforts since approving its first financial sector program for the country in 2001.
Safeguard Categories
Environment FI
Involuntary Resettlement FI-C
Indigenous Peoples FI-C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 26 Aug 2013
Due Diligence
Credit Committee Meeting 06 Nov 2013
Approval 12 Dec 2013
PDS Creation Date 26 Feb 2014
Last PDS Update 01 Oct 2014

Safeguard Documents

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Evaluation Documents

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