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Loan to ACLEDA Bank Plc for Promoting Financial Inclusion

August 28, 2014



Approval: 10 Dec 2013 Project/Program Number : 47914-001 Status: Active Phase : Approved Approved Amount (thousand) : US$ 75,000 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.1

Project completion date : 2016-12-10 12:00:00

Major organization : ASIAN DEVELOPMENT BANK (ADB)

Address : 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines Private Sector Operations Department Private Sector Financial Institutions Division Attn: Paul Robert Flegler (pflegler@adb.org)



Country :Philippines

Financier : Asian Development Bank (ADB)


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Source: TendersInfo (India)


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