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.