Quick Facts

Where the impacts of the investment may be experienced.
  • Cambodia
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • International Finance Corporation (IFC)
Status: Approved
Bank Risk Rating: FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2015-02-02
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: ACLEDA BANK PLC.
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Finance
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD): $ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 60.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Share This Page


Contact Us

Do you have more information on
this project, or want to get involved?
Contact EWS

Primary Source

Original disclosure @ IFC website
Updated in EWS: 2017-11-15
Disclosure Date: 2014-12-30
ACLEDA Group loan

Project Description
According to IFC website, the proposed investment to ACLEDA Group consists of: (i) an up to US$ 110 million senior loan to ACLEDA Bank Plc., (ii) a guarantee for a US$ 8 million equivalent local currency senior loan to ACLEDA Bank Lao Ltd., and (iii) an up to US$ 6 million equivalent local currency senior loan to ACLEDA MFI Myanmar Co. Ltd. The purpose of this investment is to support ACLEDA Group’s lending programs to micro, small, and medium enterprises (“MSMEs”) and to help ACLEDA Group increase lending to the agricultural sector. The expected development impacts of the project are: 1. Contribute to the development of the financial sector in Mekong region: At present access to financial services in region and in Myanmar in particular is extremely limited. IFC's engagement with ACLEDA Group on the microfinance market will contribute to the development of financial market and improve access to finance. 2. Increase access to credit: The proposed investment in ACLEDA Group is expected to improve access to credit in the region as it will enable ACLEDA Group to provide credit to underserved micro finance, retail borrowers and SMEs, particularly in the agriculture sector.
Investment Description
ACLEDA Bank Plc. (“ACLEDA Bank”), a public limited company organized in Cambodia, has been a long term strategic partner for IFC in the Mekong region. Established in 1993 in Cambodia as a national NGO for micro and small enterprise development and credit, ACLEDA Bank has gradually evolved from an NGO to a microfinance institution and to a commercial bank. It is now the largest bank in Cambodia in terms of assets and loan portfolio. In 2008, ACLEDA Bank began operating in Lao PDR through its subsidiary, ACLEDA Bank Lao Ltd. (“ACLEDA Lao”), and in 2013, ACLEDA Bank launched microfinance services in Myanmar through its subsidiary, ACLEDA MFI Myanmar Co. Ltd. (“ACLEDA Myanmar”). The shareholding structure of ACLEDA Bank, ACLEDA Lao and ACLEDA Myanmar is diversified, and includes other DFIs.
Contact Information
Project Contact: Dr. In Channy President and Group Managing Director, ACLEDA Bank Plc No. 61 Preah Monivong Blvd, Sangkat Srah Chork, Khan Daun Penh Phnom Penh, Cambodia Telephone No.: (855)-23 998 777 Fax: (855)-23 998 666 Email Address: channy@acledabank.com.kh Website: www.acledabank.com.kh General IFC Inquiries IFC Corporate Relations 2121 Pennsylvania Avenue, NW, Washington DC 20433 Telephone: 202-473-3800 Fax: 202-974-4384 ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/
Other Related Projects