Logo of Phnom Penh Post newspaper Phnom Penh Post - Acleda Bank reports $28M net profit in Q1

Acleda Bank reports $28M net profit in Q1

The signage of an Acleda Bank branch on Monivong Boulevard in Phnom Penh.
The signage of an Acleda Bank branch on Monivong Boulevard in Phnom Penh. Pha Lina

Acleda Bank reports $28M net profit in Q1

Aceleda Bank, Cambodia’s largest bank by assets, reported a net profit of $28.39 million in first quarter this year, down slightly from $30.19 million in the same period in 2016, according to the bank’s latest financial report.

The bank said it continued to increase its deposit base, with customer deposits at $2.98 billion as of the end of March 2017, while loans and advances given out by the bank reached a total of $2.9 billion.

MOST VIEWED

  • Serious flooding across country

    The Kampong Speu provincial Committee for Disaster Management on Wednesday issued an alert after non-stop heavy rain caused widespread flooding. In Koh Kong province, authorities are working with the disaster committee and the Cambodian Red Cross to assist those affected after more than 350 homes were

  • CNRP points to King in call for vote boycott

    Leaders of the former Cambodia National Rescue Party (CNRP) have taken a new tack in their call for a boycott of the national elections later this month. They are now claiming that the people should follow the King, who is expected to abide by tradition

  • Actress’s NGO takes heat for promoting the ruling party

    An actress’s NGO which participated in an election campaign event contrary to the Law on Association and Non-Governmental Organisations (Lango) has been slammed. Chorn Chanleakena, a celebrity and the president of the Association of Artists Volunteering to Help Society, allegedly led its members in

  • Troop moves ‘won’t worry people’

    Senior officials at the Ministry of Defence and National Police said on Tuesday that riot training provided to the country’s police forces were aimed at preventing unexpected demonstrations and strikes before and after the July 29 national elections. The troop mobilisation, they said, would not