Acleda adds $40M to expand operations

[geovalin]

May Kunmakara

Cambodia’s largest bank, Acleda Bank, announced yesterday that it was infusing $40 million to add to its current capital of $226 million, as it looks to expand domestic and foreign operations and keep up with the rising demand for credit in the Kingdom.

In Channy, president and group managing director at Acleda, said this round of capital increase will finance branch expansions locally and internationally and the deployment of their electronic banking infrastructure.

“In 2015, domestically, here in Cambodia, we will increase our ATM network to up 250 and install 2,500 POS terminals.

read more: http://www.phnompenhpost.com/business/acleda-adds-40m-expand-operations