Acleda’s third quarter profit sits at $27.06M

Oct 27th at 10:50
27-10-2015 10:50:43+07:00

Acleda’s third quarter profit sits at $27.06M

Cambodia's largest bank Acleda Bank yesterday announced its third quarter results for 2015, reporting $27.06 million in profit for the quarter, up almost 50 per cent as compared to the same period last year.

Profit for the first nine months of the year reached $79.5 million, registering a 46 per cent increase year-on-year.

The bank has continued to increase its deposit base, with customer deposits now reaching $2.24 billion as of September 2015, while loans and advances given out by the bank were $2.35 billion during the same period.

phnompenh post



NEWS SAME CATEGORY

Moving beyond cash-on-delivery

WorldBridge Commerce announced yesterday the integration of Acleda Bank’s online payment services into its online shopping marketplace MAIO Mall. The partnership...

Bank data show remittance flows rising

Cross-border remittance transfers continue to rise despite slower growth in Asian economies as more Cambodians seek work abroad to support their families back home...

Tax collections reflect increased payment options

Government coffers received close to a billion dollars in tax revenues for the first nine months of the year, up 25 per cent compared to the same period a year...

Central bank takes breather as it reins in rural lenders

Cambodia's central bank will temporarily suspend its eight-month campaign to bring informal moneylenders into its fold as it lacks the resources to review the...

Bank deposit insurance proposed for riel security

Cambodia has yet to establish a deposit insurance scheme, which means if a bank has a run on deposits or goes belly up, its customers could lose all their savings.

Central bank urges riel spending

Cambodia’s central bank yesterday again raised the issue of the country’s highly dollarised economy, suggesting that government policies and action plans will be...

Acleda widens capital channel to South Korea

A new draft agreement between the largest banks in Cambodia and South Korea aims at facilitating the flow of money transfers between the two countries, making it...

FASMEC MFI enters the lending market

Cambodia’s newest microfinance institution FASMEC Microfinance officially launched yesterday.

Gov't working group to tackle money laundering

The government is seeking to strengthen its ability to counter money laundering and terrorism funding through a new working group that combines representatives...

FASMEC MFI enters the lending market

Cambodia’s newest microfinance institution FASMEC Microfinance officially launched yesterday.


MOST READ


Back To Top