ACLEDAAssociation of Cambodian Local Economic Development Agencies
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'For Acleda, increasing our share of lending in the local currency is not difficult because the bank serves customers from urban and rural areas,' he said.
Speaking at the launch event, President of Acleda Bank In Channy said, "We, ACLEDA Bank, are very delighted to be partners with JCB, a world-class payment service, which is located in Japan.
In Channy, President & Group Managing Director of ACLEDA Bank, and Mr.
Acleda bank has seen domestic deposits surge about 27 percent over the last year, from $2.2 billion at the end of last year to an estimated $2.8 billion at the end of this year, she said.
Kimihisa Imada, Deputy President of JCBI, said, "I believe that the acceptance of JCB cards by ACLEDA will improve the brand awareness of JCB and bring more benefit and convenience to merchants and JCB cardmembers visiting the country."
Japanese leasing company, Orix (TYO: 8591), has entered into an agreement to purchase a 6 percent stake in Cambodia's Acleda Bank plc.
iCashPro will enable ACLEDA to provide convenient, 24x7 access to key services including online fund transfers and account statements, extending its reach in the region and delivering on its promise of a customer-centric approach to innovation.
The Association of Cambodian Local Economic Development Association (ACLEDA) which now is converting into a commercial bank has served a full range of credit for SMEs and the poor (IFC, World Bank Group-SME, 2002).
In 2000, approximately ninety NGOs operated a number of rural lending institutions; some of these include Amret, Angkor Mikroheranhvatho (Kampuchea) (Angkor Microfinance Kampuchea) (AMK), and the Association of Cambodian Local Economic Development Agencies (ACLEDA) (now a bank).
* ACLEDA Bank in Cambodia, established in 1993 as a development project, obtained a full commercial license in 2003.