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ACLEDA Bank Plc

Customer

ACLEDA was established in 1993 in Cambodia as a non-governmental organization for the development and financing of micro, small and medium enterprises. Gradually evolving into a micro finance institution and, most recently, into a commercial bank, ACLEDA today provides full banking services and is the largest bank in Cambodia. ACLEDA has a special focus on lending and other financial services to micro, small and medium sized enterprises as well as retail consumers.

Funding Objective

DEG is providing a subordinated loan to strengthen ACLEDA’s Tier 2 capital and to support ACLEDA’s lending program to local micro, small and medium enterprises (MSMEs) as well as women-owned MSMEs in Cambodia.

Reasons for financing

The financial sector in Cambodia is still underdeveloped. Access to finance is insufficient, especially in rural areas of the country. DEG’s loan will enable ACLEDA to increase access to finance for SMEs and women-owned SMEs in Cambodia. Moreover, ACLEDA’s digitalization strategy will contribute to improving quality of financial services by broadening access to digital financial products and improving banking services delivery via digital channels.

The project provides additional subordinated loan to ACLEDA to diversify its capital structure and finance its lending operations with focus on SMEs and women-owned SMEs.

The project contributes to DEG’s strategy of supporting SMEs in underserved markets.

Region Asia
Country Cambodia
Sectors Financial Sector
Signing Date 03-2020
Funding USD 15 Million
Source of Funding DEG's own funds
Environmental & Social Category
Risk categorization on environmental and social impacts:
A = High risk; Investments with significant potential adverse social or environmental impacts that are diverse, irreversible or unprecedented. These impacts cannot be mitigated or remedied or only at significant costs.
B+ = High Medium Risk; Investments with limited potential adverse social or environmental impacts that are site-specific addressed through mitigation measures, but having specific features which can have potential significantly more adverse social or environmental impacts.
B = Low Medium Risk; Investments with limited potential adverse social or environmental impacts that are site-specific and readily addressed through well-known mitigation measures.
C = Low Risk; Investments with minimal or no adverse social or environmental impacts.
FI-A = Financial Institutions High Risk; Financial Institutions with business activities or projects with significant potential adverse social or environmental impacts or risks.
FI-B =Financial Institutions Medium Risk; Financial Institutions with business activities or projects with limited potential adverse social or environmental impacts or risks.
FI-C =Financial Institutions Low Risk; Financial Institutions with business activities or projects with minimal or no adverse social or environmental impacts or risks.

FI-B
Website of the customer www.acledabank.com.kh
Further investments by year 2019;

Here you can find information on our new commitments at a glance. The information is published here once the contract has been signed with the customer and provided the customer has given consent. This works well: In the last two years we have published information on 90 percent of our commitments.