Acleda to Receive $125 Mil Loan Facility

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Acleda Bank Plc., a leading commercial bank in Cambodia, will receive some $125 million from the Overseas Private Investment Corporation (OPIC), the US government’s development financial institution, to support micro, small and medium enterprises (MSMEs). According to an Acleda press release, both the bank and OPIC signed a commitment letter for the direct loan yesterday.
 

The project seeks to generate economic growth, employment, and goods and services in the Cambodian private sector, said the release. “The loan facility will allow Acleda to expand their micro, small and medium enterprises portfolio which will permit the development of more sustainable businesses in Cambodia to improve the quality of life for thousands of Cambodians,” said Elizabeth L. Littlefield, OPIC president and CEO.
 

“We are pleased to be working with Acleda on this facility,” added Ms. Littlefield. In Channy, Acleda president and group managing director, said OPIC was positioning itself through the bank to provide more funding to local MSMEs to expand their businesses in the country.

 

read more http://www.khmertimeskh.com/news/28904/acleda-to-receive--125-mil-loan-facility/

 

 

-- © Copyright Khmer Times 25/08

[SOTIRIOS]

...hmmm...interesting....