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

  • ‘Kingdom lacks up to 400MW in available electricity’

    Prime Minister Hun Sen has called on the general public, hoteliers and businesspeople with generators to use them as back-up as the Electricity Authority of Cambodia cannot generate enough electricity to meet needs due to low water levels in power station reservoirs. On Saturday evening

  • Sor Chandeth defends his criticism of Hun Sen

    Former senator Sor Chandeth has defended his choice of words when criticising Hun Sen, saying he was merely speaking metaphorically to attack the Prime Minister’s political life, not his actual person, as the latter seeks damages. [img] Chandeth spoke to The Post on Thursday,

  • South Korea’s Moon arrives in Kingdom for state visit

    South Korean president Moon Jae-in and his wife arrived in Phnom Penh on Thursday at the start of a three-day state visit to Cambodia to strengthen ties and further the friendship between the two countries. After arriving at the Phnom Penh International Airport in the

  • Youths band together to clean ‘filthy’ Boeung Trabek canal

    Inspired by their affection for the environment, a desire to have a clean and beautiful city, and wanting to send a message to people to stop littering, a group of some two dozen volunteer youths have taken to picking up trash day and night from