ACLEDA Bank Plc will target individual investors when it floats its shares on the local stock market later this year, the bank’s president said.
ACLEDA Bank Plc, the largest locally-owned commercial bank in Cambodia, is optimistic that listing on the Cambodia Securities Exchange (CSX) will attract more investors into the nascent bourse.
The Cambodia Securities Exchange (CSX) and Prince Bank Plc have reached a cooperation agreement for the latter to offer better loan and fixed deposit rates for companies listed on the bourse.
Acleda Bank Plc (Acleda Bank) is to hold a three-day event to inform potential investors of the commercial bank’s viability ahead of its listing on the Cambodia Securities Exchange (CSX) later this year.
The total revenue of Cambodia Securities Exchange (CSX)-listed Sihanoukville Autonomous Port (PAS) shot up by 17.5 per cent last year, indicating strong growth in its year-on-year business performance.
Two of Cambodia’s leading commercial banks – locally owned Acleda Bank Plc (Acleda) and South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) – have been granted listing eligibility from the Cambodia Securities Exchange (CSX).