banking and finance founded 1993 headquarters phnom penh cambodia area served nationwide lao pdr myanmar key people in channy president & ceo so phonnary coo ma amara cfo chhay soeun chairman products financial services number of employees 11 926 slogan the bank you can trust website http www.acledabank.com.kh acleda bank plc. is a public limited company formed under the banking and financial institutions law of the kingdom of cambodia based in phnom penh with 258 offices covering all provinces as well as 41 in laos and 6 in 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 3 885 million in total assets as of december 31 2015 2 and more than 2 616 million in deposits 3 with over 2 405 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 2015 . 3 the bank is headed by president and ceo 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 now serves as chief executive officer of the company and also serves as vice chairman of the international business chamber of cambodia . 5 contents 1 history 2 international expansion 3 acleda securities plc. 4 shareholders 5 acleda shareholder association asa 6 ratings 7 notes history edit with the ilo and undp as godparents acleda was established in january 1993 as a national ngo for micro and small enterprise development and credit by a group of founders listed below . from its earliest days it enjoyed the support of a number of major international development agencies whose contributions are gratefully acknowledged in acleda s roll of honour . two factors namely the expansion of its network to cover all of cambodia s provinces and towns and its ability to operate at a profit to ensure its sustainability led both its board and international partners to conclude that it should be transformed into a commercial bank . this would not only provide a secure regulatory framework lacking under its previous status but would also enable it to enlarge its range of funding options e.g. equity injection taking public deposits obtaining commercial interbank loans to support the expansion of its core micro finance business . with assistance from usaid mpdf ifc and undp to name a few a three year program for transformation commenced in 1998 which culminated in the granting of a specialized banking license in october 2000 . under the process the original ngo has transferred its assets and on lent its liabilities long term loans from donors to the new acleda bank . in return it has received 44.91 % of the bank s capital of us 4 million ; the acleda staff association asa a trust established to give its staff an equity interest has purchased 6.09 % and the remaining 49 % has been taken up in equal parts by four foreign investors namely the international finance corporation a division of the world bank deg germany fmo and triodos bank the netherlands . it is intended that acleda bank will seek a listing on a stock exchange at some time in the future . since december 1 2003 acleda bank was licensed as a commercial bank after having tripled its capital to us 13 million and was named acleda bank plc. on november 30 2006 acleda bank raised its issued and paid up capital from us 13 million to us 30 million . on january 4 2008 acleda bank celebrated its fifteenth anniversary and raised its issued and paid up capital from us 30 million to us 50 million . on january 23 2009 the capital of acleda bank plc. was increased from us 50 million to us 60 million and further increased on june 12 2009 to us 68.15 million . on june 3 2011 the bank increased its capital to us 78 million and further increased to us 88 million on february 6 2012 . on may 25 2012 acleda bank had raised its issued and paid up capital from us 88 372 500 to us 113 169 560 . on june 24 2015 acleda bank increased its share capital from us 225 535 605 to us 265 726 050 . on june 8 2016 acleda bank increased its share capital from 265 726 050 to 307 763 911 . international expansion edit in 2008 acleda bank expanded its business to laos becoming the first cambodian bank to begin operations within the country . 6 as of december 31 2015 acleda manages 41 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 . 7 the burmese subsidiary was opened in 2013 8 which manages 6 offices in the yangon and bago regions . 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 . 9 during the ipo of ppwsa in march 2012 cambodia s first ipo on the cambodian stock exchange csx 10 acleda securities provided market access to investors wishing to participate in the stock exchange through 21 of the bank s branches around cambodia . 11 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 financi re 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 8 2016 . 12 shareholder number of shares subscription price us ownership % asa plc. 79 692 026 79 692 026 25.89 % acleda financial trust 77 267 575 77 267 575 25.11 % sumitomo mitsui banking corporation 56 166 912 56 166 912 18.25 % cofibred 37 701 078 37 701 078 12.25 % orix corporation 37 701 078 37 701 078 12.25 % triodos microfinance fund 7 850 474 7 850 474 2.55 % triodos fair share fund 6 713 503 6 713 503 2.18 % triodos sustainable finance foundation 4 671 265 4 671 265 1.52 % total 307 763 911 307 763 911 100 .00 % acleda shareholder 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 79 692 026 shares of acleda which represents 25.89 % of the bank s issued shares . 13 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. december 22 2015 14 category rating acleda bank plc counterparty credit rating b stable b asean regional scale axbb axb certificate of deposit b b bank fundamental strength rating local currency d 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 . a b c acleda bank 2015 annual report . acledabank.com.kh . http www.wap.com.kh detail.aspx articleid 4037 permanent dead link simon montlake 27 july 2011 . cambodia s aw shucks banker . forbes . acleda bank expands its operations to laos . fmo.nl . 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 . joyce koh . cambodia embracing capitalism with first ipo since pol pot . bloomberg.com . search . phnom penh post . shareholders . acledabank.com.kh . caai news media ... khmernz.blogspot.com . credit ratings . www.acledabank.com.kh . retrieved 2016 07 08 . retrieved from https en.wikipedia.org w index.php title acleda bank & oldid 741998748 categories banks of cambodiamicrofinance organizationsbanks established in 1993privately held companies of cambodiaphnom penhcompanies of cambodiacambodian brandshidden categories all articles with dead external linksarticles with dead external links from october 2016articles with permanently dead external links navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to 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