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

  • Virus tops 84 with new cases in S’ville

    The Ministry of Health on Sunday night confirmed another 31 cases of coronavirus infections, bringing the Kingdom’s total to 84 and it highest daily tally. There have been no fatalities thus far. The latest cases were found in 29 French tourists and their two Cambodian tour guides

  • Kingdom’s virus toll tops 84, Cambodians in Thailand rush home

    The Ministry of Health on Sunday night confirmed another 31 cases of coronavirus infections, bringing the Kingdom’s total to 84 and its highest daily tally. There have been no fatalities thus far. The latest cases were found in 29 French tourists and their two Cambodian tour guides

  • Mysterious century-old structure found at bottom of Angkor pond

    The Apsara National Authority (ANA) has discovered a mysterious 1,000-year-old structure of a wooden building at the bottom of a pond after the Angkor Wat temple’s conservation team completed restoring its northern cave. The deputy director at ANA’s Angkor International Research and Documentation

  • NBC calls for cashless payments

    The National Bank of Cambodia (NBC) has urged government ministries, financial institutions and the public to conduct cashless payments via electronic systems where possible to combat the spread of Covid-19. “To contribute to the prevention of Covid-19, the National Bank of Cambodia encourages financial institutions

  • CEO held for fraud in Siem Reap

    Over 200 individuals gathered in front of the Siem Reap Provincial Court last week to ask that Dim Suonnath, the CEO of a real estate company being held for fraud, take responsibility for compensating some 2,000 residents who invested with him. The request was denied. Suonnath responded

  • Ministry calls for home schooling

    Minister of Education, Youth and Sport, Hang Chuon Naron appealed to parents of students to provide home education in a proper environment and help them obtain more learning materials. The ministry also allowed schools to take a premature vacation after several people tested positive for