ACLEDA BANK PLC
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
ACLEDA Bank Plc. became a fully operational Cambodian commercial bank in 2000. ACLEDA quickly emerged as the market leader by mainly serving micro and small enterprises. ACLEDA provides general banking services to microfinance and small- and medium-sized enterprises. As of year-end 2012, 47% of the loan portfolio was committed to micro clients and 53% to SMEs. ACLEDA has an academy center, which provides training programs to both the bank’s staff and external participants. The bank was also an important active party in the establishment of a credit bureau last year.
What is our funding objective?
FMO will provide US$15 million with a 5-year tenor. FMO’s loan will be used to support the growth of ACLEDA’s MSME portfolio. Long-term capital is still scarce in Cambodia, and the loan will therefore also be provided to match the tenor of ACLEDA’s.
Why do we fund this investment?
Through the investment in ACLEDA FMO will have have a strong impact on SME development and on the implementation of environmental and social guidelines. The deal fits well with the overall strategy of financing MSME banks and complements FMO's expsoure to the Cambodian microfinance sector. In addition, this transaction further strengthens the relationship with ACLEDA Group.
More investments
| Date | Total FMO financing |
|---|---|
| 6/18/2020 | USD 15.00 MLN |
- Region
- Asia
- Country
- Cambodia
- Sector
- Financial Institutions
- Effective date
- 7/29/2013
- End date
- 11/14/2018
- Total FMO financing
- USD 15.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B