ACLEDA Bank

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 261 offices covering all provinces, as well as 42 in Laos, and seven 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.

ACLEDA had more than $5,244 million in total assets as of December 31, 2017, and more than $3,117 million in deposits, with over $3,085 million in loans outstanding.

According to the National Bank of Cambodia, ACLEDA Bank is the largest domestic commercial bank in terms of total assets and number of clients, with more than 1.7 million depositors as of December 31, 2017.

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 now serves as chief executive officer of the company, and also serves as vice-chairman of the International Business Chamber of Cambodia.

Shareholders

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.