Logo of Phnom Penh Post newspaper Phnom Penh Post - Acleda posts $127M in profits last year

Acleda posts $127M in profits last year

Acleda posts $127M in profits last year

ACLEDA Bank, Cambodia’s largest financial institution, experienced another windfall year with net profit increasing by 17 percent to $127 million, according its 2016 consolidated income statement, released yesterday.

Total assets grew to over $4.6 billion, representing a nearly 17 percent surge compared to the previous year.

The bank’s loan portfolio grew by 12 percent in 2016, while customer deposits increased 16 percent. The loan-to-deposit ratio remained above 100 percent for the second year running.

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