Monday, 7 January 2008

Cambodian leading micro credit bank to operate in Viet Nam

Vietnamese News Agency (VNA), January 6, 2008 Sunday

ACLEDA Bank Plc., Cambodia 's leading microfinance bank, plans to expand its operation to Viet Nam in the next five years, ACLEDA President and CEO In Channy said.

Earlier, the ACLEDA Bank Plc. was licensed by the Lao government to establish a branch in Laos .

The branch named ACLEDA Bank ( Laos ) Ltd. is expected to open in Vientiane in mid-2008, the President said, adding that branches will also be opened in Savannakhet and Pakse provinces of Laos .

ACLEDA Bank Plc. was established in January 1993 to support the development of micro and small enterprises. With 193 branch offices and 4,332 staff, the bank is active in 24 provinces and towns across Cambodia.

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