Logo of Phnom Penh Post newspaper Phnom Penh Post - ACLEDA to open Kampot branch

ACLEDA to open Kampot branch

ACLEDA to open Kampot branch

ACLEDA Bank is to inaugurate a head office in Kampot today, with bank officials saying it will allow them to tap into a considerable local market for small loans.

The new branch is the 14th standardised branch the lender has set up in Cambodia and Laos, it said, in an attempt to maintain its key branches at a certain level, it said.

Say Soksamnang, senior vice president and head of ACLEDA's Division for Branch Administration, said that since opening its first branch in Kampot province in 1994, the bank had attracted 9,370 active borrowers with US$9 million worth of loans.  

"In the provinces, our loans are very popular for micro- and small-sized business people who use them to enlarge their businesses," he said. "The market for loans there is large."

Presently, ACLEDA Bank has 60 branches throughout the Kingdom with 229 offices, employing more than 6,901 staff.

MOST VIEWED

  • Massive stingrays may live in Mekong’s deep pools

    US scientists have suggested that unexplored deep pools in the Mekong River in an area of Stung Treng could potentially be home to significant populations of giant freshwater stingrays, one of the world’s largest freshwater fish species. This comes as a fisherman hooked a 180

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with

  • PM takes time to meet, greet Cambodians living in the US

    After landing in the US ahead of the ASEAN-US Special Summit, Prime Minister Hun Sen was received by over 1,000 Cambodian-Americans including political analysts who welcomed him with greetings, fist bumps and selfies. Hun Sen also met with analyst Mak Hoeun, who had allegedly spoken ill

  • Khmer cinema classics back on big screen for free at WB Arena’s outdoor movies series

    On a recent Saturday evening at WB Arena, Bunsong was enjoying a tasty BBQ meal with his family after work on the long tables that had been arranged out in front of the restaurant as they watched a Khmer action movie on a big outdoor

  • PM heads to Washington for ASEAN-US special summit

    Regional and international issues and how to bring the ASEAN-US partnership to another level will be discussed at length as Prime Minister Hun Sen and his ministers arrive in Washington, DC, for a special summit on May 12-13. During the trip, Hun Sen and ASEAN

  • National Assembly refutes EU resolution

    The National Assembly (NA) has hit back at a European Parliament resolution condemning the political and human rights situation in Cambodia, calling it another display of the Parliament’s “double standards”. Key points of the resolution include a warning that the Parliament could exclude the