Home Cambodia Finance

Another injection for Acleda Bank

Sep 5th at 09:08
05-09-2018 09:08:19+07:00

Another injection for Acleda Bank

Acleda Bank Plc, Cambodia’s leading commercial bank, has injected $36 million worth of capital into its coffers, according to an announcement on Monday. The lender now has more than $395 million in capital.

The additional funds will come from the bank’s share dividends. This marks the 15th time Acleda has upped its registered capital since being established, the announcement said.

Acleda chairman Shhay Soeun said the bank was always eager for new capital because it continues to experience strong growth and strives to keep capital at the upper level of the regulatory prudency ratios.

Acleda is 51 per cent owned by local investors with the rest being held by foreign shareholders. The bank currently operates in Cambodia, Laos and Myanmar with total assets over $5.43 billion.

phnompenh post

MOST READ

NEWS SAME CATEGORY

Kingdom increasingly looking for peace of mind from insurance
FINANCE Sep 3rd at 19:19

Kingdom increasingly looking for peace of mind from insurance

Since launching operations in 2013, Prudential Cambodia has issued 150,000 life insurance policies. Of those, 50,000 were issued in the 12 months before July.

Pi Pay links up with local bank Sathapana
FINANCE Sep 3rd at 19:16

Pi Pay links up with local bank Sathapana

Sathapana Bank has inked a partnership agreement with online payment platform Pi Pay that promises to sync the two companies’ systems.

AMK sells 80 per cent stake to bank from Shanghai
FINANCE Aug 31st at 13:55

AMK sells 80 per cent stake to bank from Shanghai

AMK Microfinance, the country’s fifth largest such institution by total assets last year, has sold 80 per cent of its stake to China’s Shanghai Commercial & Savings...

Firms back loan relief measures for victims
FINANCE Aug 27th at 16:56

Firms back loan relief measures for victims

Representatives from the Kingdom’s microfinance sector on Sunday said the industry was keeping a close watch on those impacted by the Mekong River flooding, and...

Landing a partner Wing-CMS tie up ready to take flight
FINANCE Aug 23rd at 15:59

Landing a partner Wing-CMS tie up ready to take flight

Local mobile banking services provider Wing (Cambodia) Limited Specialised Bank, inked a memorandum of understanding (MoU) with Capital Management Solutions (CMS)...

Chip Mong moves into banking sector
FINANCE Aug 14th at 14:25

Chip Mong moves into banking sector

Cambodian conglomerate Chip Mong Group has expanded its business interests in the Kingdom to the financial sector by adding Chip Mong Commercial Bank to its...

Nearly 1M apply for consumer credit in first half
FINANCE Aug 8th at 09:56

Nearly 1M apply for consumer credit in first half

Some 905,000 Cambodians applied for consumer credit in the first half of this year compared with 670,000 over the same period last year, the latest report from the...

Japan banks expand with SE Asia partnerships
FINANCE Jul 31st at 21:12

Japan banks expand with SE Asia partnerships

Major Japanese banks are teaming up with Southeast Asian financial institutions to increase their presence in the region.

Central bank links up for Thai pay system
FINANCE Jul 26th at 10:57

Central bank links up for Thai pay system

The Kingdom’s central bank unveiled plans on Wednesday to collaborate with its counterpart in neighbouring Thailand to launch a QR code payment system, a bank...

NBC reiterates ID not to be used as collateral
FINANCE Jul 18th at 09:19

NBC reiterates ID not to be used as collateral

The National Bank of Cambodia (NBC) has once again reminded all private lenders not to take ID cards or family books as collateral for loans, according to a...

Read More

MOST READ

Back To Top