Logo of Phnom Penh Post newspaper Phnom Penh Post - ACLEDA expands in Laos

ACLEDA expands in Laos

ACLEDA expands in Laos

ACLEDA Bank announced the opening of its 12th office in Laos which will take place Friday in Khammouane province, according to a statement obtained Tuesday. The new branch, in Nongbuakham village, marks the latest expansion in neighbouring Laos for Cambodia’s second-biggest lender. A full range of banking services will be offered. Narin Phon, CEO and managing director of ACLEDA’s Laos operations said Tuesday that the bank enjoyed a strong 2009 with US$1.4 million in revenues as the country recorded an estimated 7.5 percent GDP growth.

MOST VIEWED

  • Proof giants walked among us humans?

    For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • Japan bank buys major stake in ANZ Royal Bank

    Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group