// Workers AI · dad joke modeWhat did ACLEDA Bank say to the coin? "You can account on me
Native name | ធនាគារ អេស៊ីលីដា ភីអិលស៊ី |
|---|---|
| Type | Private |
| Industry | Banking, finance |
| Founded | January 1993 |
| Headquarters | , |
Area served | Nationwide, Laos, Myanmar |
| Key people | In Channy (President & GMD) So Phonnary (EVP & GCOO) Ma Amara (EVP & GCFO) Chhay Soeun (Chairman) |
| Products | Financial services |
Number of employees | 11,926 |
| Website | www |
| Footnotes https://www.acledabank.com.kh/kh/eng/ff_history#founder | |
ACLEDA Bank Plc. (/ˌeɪsiːˈliːdə/; Khmer: ធនាគារ អេស៊ីលីដា ភីអិលស៊ី, Thônéakéar Ésilida Phi'ĕlsi) is a Cambodian commercial bank. Based in Phnom Penh, ACLEDA Bank also operates in Laos and Myanmar. ACLEDA started out in 1993 when it began providing micro credits to war victims. By now it is Cambodia's major commercial bank.[1] ACLEDA had more than $5,244 million in total assets as of December 31, 2017,[2] and more than $3,117 million in deposits,[3] with over $3,085 million in loans outstanding.[3] According to the National Bank of Cambodia, ACLEDA Bank is the largest domestic commercial bank in terms of total assets[4] and number of clients, with more than 1.7 million depositors as of December 31, 2017.[3]
The bank is headed by president and GMD, In Channy, who is one of the original 28 members of the organization. Channy joined the company in 1992 as a loan officer while the bank was still a UN-funded microfinance project. He is chief executive officer of the company, and vice-chairman of the International Business Chamber of Cambodia.[5]
ACLEDA is an acronym for the Association of Cambodian Local Economic Development Agencies (Khmer: សមាគមទីភ្នាក់ងារអភិវឌ្ឍន៍សេដ្ឋកិច្ចក្នុងស្រុកកម្ពុជា).
International expansion
[edit]In 2008, ACLEDA Bank expanded its business to Laos, becoming the first Cambodian bank to begin operations in the country.[6] As of December 31, 2017, ACLEDA managed 42 branches in Laos.[7] As of December 31, 2017, ACLEDA manages 42 branches within Laos. Following the lifting of international sanctions on Myanmar in early 2012, the bank applied for a micro-finance license in Myanmar in June of that year with the plan of providing deposit accounts and money transfers via micro-finance services.[8] The Burmese subsidiary was opened in 2013, and operated seven offices in the Yangon and Bago regions.[9]
ACLEDA Securities PLC.
[edit]ACLEDA Securities Plc. is a brokerage firm registered, as a public limited corporation, under the law of the Kingdom of Cambodia, authorized by the National Bank of Cambodia and licensed by the Securities and Exchange Commission of Cambodia (SECC) to provide services as a securities' brokerage business to individual and institutional customers, investors and the public.[10]
During the IPO of PPWSA in March 2012, Cambodia's first IPO on the Cambodian Stock Exchange (CSX),[11] ACLEDA Securities provided market access to investors wishing to participate in the stock exchange through 21 of the bank's branches around Cambodia.[12]
Shareholders
[edit]ACLEDA Bank Plc. is 51% owned by Cambodian interests, including its staff, with the remaining 49% taken up in equal parts by Sumitomo Mitsui Banking Corporation, COFIBRED (Compagnie Financière de la BRED — a BRED Banque Populaire's fully owned subsidiary), ORIX Corporation, and the three investment funds (Triodos-Doen Foundation, Triodos Fair Share Fund, and Triodos Microfinance Fund) managed by Triodos Investment Management.
Its current shareholders as at June 19, 2019.[13]
| Shareholder | Number of Shares | Subscription Price (US$) | Ownership (%) |
|---|---|---|---|
| ACLEDA Financial Trust | 111,492,719 | $111,492,719 | 26.00% |
| ASA, Plc. | 107,204,547 | $107,204,547 | 25.00% |
| Sumitomo Mitsui Banking Corporation | 78,259,310 | $78,259,310 | 18.25% |
| COFIBRED | 52,530,223 | $52,530,223 | 12.25% |
| ORIX Corporation | 52,530,223 | $52,530,223 | 12.25% |
| Triodos Microfinance Fund | 10,938,339 | $10,938,339 | 2.55% |
| Triodos Fair Share Fund | 9,354,157 | $9,354,157 | 2.18% |
| Triodos Sustainable Finance Foundation | 6,508,636 | $6,508,636 | 1.52% |
| Total | 428,818,154 | $428,818,154 | 100.00% |
ACLEDA Staff Association (ASA)
[edit]ASA is a holding company through which the employees of ACLEDA and certain other investors can participate in the long-term growth and value appreciation of ACLEDA. ASA holds as its principal asset 98,806,034 shares of ACLEDA, which represents 25% of the bank's issued shares.[14] On March 1, 2010, the Leopard Cambodia Fund, Cambodia's first private equity fund operated by frontier markets private equity firm Leopard Capital, in partnership with two other foreign investors, acquired a 7.72% stake in ASA, Plc.
Ratings
[edit]ACLEDA Bank is the first bank in Cambodia to have been assigned ratings by the top international credit rating agency — Standard & Poor's.
On 25 September 2025, Standard & Poor's maintained ACLEDA Bank's issuer credit rating at B+/Stable/B.[15]
| Category | Rating |
|---|---|
| ACLEDA Bank Plc | |
| Issuer Credit Rating | B+/Stable/B |
| Stand-Alone Credit Profile (SACP) | bb |
Notes
[edit]- ↑ Anja Strautz (January 2013). "From NGO to commercial Bank". D+C Development and Cooperation/ dandc.eu.
- ↑ "ACLEDA Bank Audited Financial Statements". acledabank.com.kh.
- 1 2 3 "ACLEDA Bank 2017 Annual Report". acledabank.com.kh.
- ↑ "Archived copy". www.wap.com.kh. Archived from the original on 16 August 2017. Retrieved 25 January 2022.
{{cite web}}: CS1 maint: archived copy as title (link) - ↑ Simon Montlake (27 July 2011). "Cambodia's 'Aw, Shucks' Banker". Forbes.
- ↑ ...
- ↑ "ACLEDA Bank expands its operations to Laos". fmo.nl. Archived from the original on 2015-02-11.
- ↑ "Search". Phnom Penh Post.
- ↑ Becker, Stuart Alan (1 March 2013). "ACLEDA opens in Myanmar, expands in Laos". The Phnom Penh Post. Retrieved 21 June 2015.
- ↑ "Company Profile". acledasecurities.com.kh. Archived from the original on 2012-07-11. Retrieved 2012-08-06.
- ↑ Joyce Koh (19 March 2012). "Cambodia Embracing Capitalism With First IPO Since Pol Pot". Bloomberg.com.
- ↑ "Search". Phnom Penh Post.
- ↑ "Shareholders". acledabank.com.kh.
- ↑ CAAI News Media (2 March 2010). "Leopard Cambodia Fund LP Completes acquisition of ASA/ACLEDA Shareholding". khmernz.blogspot.com.
- ↑ "Credit Ratings of ACLEDA Bank Plc. "B+/Stable/B"". ACLEDA Bank. 26 September 2025. Retrieved 16 September 2026.
See also
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