Alceda Bank, a microfinance bank based in Cambodia, reportedly plans to expand its operations in Myanmar and in Laos. By the end of 2014, it intends to increase its network of branches from six to 18 in Myanmar and from 41 to 45 branches in Laos. The bank also aspires to increase its total outstanding loans in Myanmar from USD 2.6 million to USD 11 million.
As of 2012, Acleda reported the following financial figures from its Cambodian operations: total assets of USD 1.9 billion, gross loan portfolio of USD 1.2 billion, deposits of USD 1.5 billion, return on asset of 3.75 percent and return on equity of 25.2 percent. As of December 2013, Acleda Bank Laos (ABL) has forty-one branches in Laos and reports total outstanding loans of USD 88.6 million, total deposits of USD 71.7 million, 34,200 depositors and 16,700 active customers. As of January 2014, Acleda Microfinance Myanmar (AMM) has six branches in Myanmar and reports total outstanding loans of USD 3.2 million, total deposits of USD 4.8 million and 8700 depositors.
By Tejas Jain, Research Associate
About Acleda Bank
Acleda Bank is a public limited company based in Cambodia. It was originally founded in January 1993 as the Association of Cambodian Local Economic Development Agencies (ACLEDA), a non-governmental organization aiming to raise the standards of living of poor people by promoting economic activities ranging from self-employment to medium-sized business. It was licensed by the National Bank of Cambodia as a “specialized bank” in October 2000 and as a “commercial bank” in December 2003, when it was renamed Acleda Bank. It provides a range of banking services including deposits, loans, cash management and trade services. Acleda also works commercially in Laos through a subsidiary, Acleda Bank Laos (ABL), and has microfinance operations in Myanmar through a subsidiary, Acleda Microfinance Myanmar (AMM). As of 2012, Acleda reported the following financial figures from its Cambodian operations: total assets of USD 1.9 billion, gross loan portfolio of USD 1.2 billion, deposits of USD 1.5 billion, return on asset of 3.75 percent and return on equity of 25.2 percent. As of December 2013, ABL has forty-one branches in Laos and reports total outstanding loans of USD 88.6 million, total deposits of USD 71.7 million, 34,200 depositors and 16,700 active customers. As of January 2014, AMM has six branches in Myanmar and reports total outstanding loans of USD 3.2 million, total deposits of USD 4.8 million and 8700 depositors.
Sources and Additional Resources:
Phnom Penh Post, “Acleda to Expand in Myanmar and Laos”
http://www.phnompenhpost.com/business/acleda-expand-myanmar-and-laos
MicroCapital, February 10, 2014, “Triodos Revealed as Source of Shares of Cambodia’s Acleda Bank Purchased by Orix,”
https://www.microcapital.org/microcapital-brief-triodos-revealed-as-source-of-shares-of-cambodias-acleda-bank-purchased-by-orix/
MicroCapital, December 14, 2013, “Orix of Japan Buys 6% Stake in Acleda Bank of Cambodia,”
https://www.microcapital.org/microcapital-brief-orix-of-japan-buys-6-stake-in-acleda-bank-of-cambodia/
MicroCapital, April 19, 2013, “Acleda Begins Microfinance Operations in Myanmar,”
https://www.microcapital.org/microcapital-brief-acleda-begins-microfinance-operations-in-myanmar/
MicroCapital Universe Profile: Acleda BANK
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Acleda+Bank
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