Logo of Phnom Penh Post newspaper Phnom Penh Post - Another injection for Acleda Bank

Another injection for Acleda Bank

Another injection for Acleda Bank

Acleda Bank Plc, Cambodia’s leading commercial bank, has injected $36 million worth of capital into its coffers, according to an announcement on Monday. The lender now has more than $395 million in capital.

The additional funds will come from the bank’s share dividends. This marks the 15th time Acleda has upped its registered capital since being established, the announcement said.

Acleda chairman Shhay Soeun said the bank was always eager for new capital because it continues to experience strong growth and strives to keep capital at the upper level of the regulatory prudency ratios.

Acleda is 51 per cent owned by local investors with the rest being held by foreign shareholders. The bank currently operates in Cambodia, Laos and Myanmar with total assets over $5.43 billion.

MOST VIEWED

  • Kingdom may hire Turkish power ship

    Cambodia is considering negotiating with Turkey to hire a 200MW-capacity power ship to meet electricity demands as the country faces an ongoing electrical shortage, according to the prime minister. Speaking to garment workers in Pursat province on Wednesday, Prime Minister Hun Sen said Electricite du

  • Woman who scaled Cambodia’s three highest peaks eyes Everest

    One of the very few Cambodian women to have successfully reached the Kingdom’s three highest peaks is now eyeing Malaysia’s tallest mountain, Mount Kinabalu, and potentially even the world’s tallest straddling Nepal and China, Mount Everest. While in many Western countries it

  • Cheap, clean and efficient: The firm leading Cambodia’s solar revolution

    Sitting in her bright and airy 17th floor office, Rithya Menon, Okra Smart Solar’s lead firmware engineer, checks the frequently updating data telling her everything about how well their community services are operating. “I saw in the data that there was a problem with

  • PM Hun Sen: Cambodia will not die without EBA scheme

    Prime Minister Hun Sen on Wednesday reiterated that he would not be overly concerned if Cambodia had its access to the EU’s “Everything But Arms” (EBA) scheme withdrawn because the Kingdom would not die without it. Hun Sen was speaking to factory workers in