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.