Phnom Penh: ACLEDA Bank Plc. And CHINA Bank DEVELOPMENT BANK (CDB), the World's Largest Financial Development Agency, Signs $ 130,000,000 Long-Term Financing Agreement with ACLEDA Bank Plc. United States (one hundred and thirty million US dollars).
Dr. In Channy, President & CEO of ACLEDA Bank Plc., Said that the diversification of capital sources is very important to support the Bank's sustainable growth strategy. The bank, a issuer of the Cambodia Securities Exchange, can raise capital from the stock market to strengthen capital, while deposits Savings from financial market deposits for short-term capital requirements.
Separately, funding comes from international institutions such as the CDB to support the bank's long-term growth. Long-term financing of US $ 130,000,000 (one hundred and thirty million US dollars) from CDB, the bank expects to provide new loans to At least 5,000 more small and medium enterprises.
Lyu Zhinan, deputy general manager of CHINA DEVELOPMENT BANK GUANGXI BRANCH (CDB), said this was the second time the two banks had collaborated. . ACLEDA Bank Plc. Is a large bank that supports the development of small and medium enterprises in Cambodia.
CDB strongly believes that this financing cooperation will help more small and medium enterprises in Cambodia to cope with the situation. The global epidemic has re-established production and revitalized the Cambodian economy. CDB is willing to further cooperate with ACLEDA Bank Plc. On key issues to promote rapid economic growth and potential development in Cambodia.
As of the end of March 2020, ACLEDA Bank Plc. Has total assets of 25.01 trillion Riels (or US $ 6.15 billion). Total loans of 16.22 trillion riels (or US $ 3.99 billion) and total deposits of 17.69 trillion riels (or $ 4.35 billion).