ACLEDA Bank

ACLEDA Bank Plc. traces its origins to a non-governmental organization founded in January 1993 by a group of individuals, including Dr. In Channy, with the support of the International Labour Organization (ILO) and the United Nations Development Programme (UNDP). The initial mission was to provide micro and small enterprise development and credit, particularly to victims of war. Dr. In Channy, who joined in 1992 as a loan officer, was instrumental in its evolution. Recognizing the need for a more robust regulatory framework and expanded funding options to support its growth, the organization began a transformation process in 1998. This culminated in receiving a specialized banking license in October 2000 and a full commercial banking license in December 2003, at which point it was named ACLEDA Bank Plc.

The bank operates in the financial services sector within Cambodia, with subsidiary operations in Laos and Myanmar. It serves a broad client base, from individuals and micro, small, and medium enterprises (MSMEs) to large corporations. The business model is centered on traditional banking revenue streams, including interest income from a diverse loan portfolio and fees from a wide array of financial services. ACLEDA has a significant focus on providing credit to entrepreneurs and businesses, particularly in rural areas, to foster economic development. The bank also generates revenue through its extensive network of branches, ATMs, and digital banking platforms.

ACLEDA Bank offers a comprehensive suite of products and services. For individual and business clients, this includes various types of loans such as personal, housing, and business loans, as well as deposit accounts like savings, current, and term deposits. The bank provides a robust digital banking experience through its ACLEDA Mobile/Super App and internet banking platforms, which allow for fund transfers, bill payments, and account management. Additional services include card services (Visa, Mastercard, JCB, UPI), trade finance, cash management, and international funds transfers via partners like Western Union and MoneyGram. A unique aspect of its offering is the focus on financial inclusion, which is evident in its large number of micro-loans and its extensive branch network covering all provinces of Cambodia.

Keywords: ACLEDA Bank, Cambodian bank, financial services, microfinance, commercial banking, retail banking, corporate banking, digital banking, ACLEDA Mobile, loan services, deposit accounts, SME financing, trade finance, international transfers, financial inclusion, Dr. In Channy, Southeast Asia banking, Phnom Penh, Cambodia Securities Exchange, Laos banking, Myanmar banking