Acleda Eyes Expansion Into Burma
Cambodia’s largest bank, Acleda, is looking to get in early on Burma’s economic reawakening with plans to open three microfinance branches in the country as soon as January, the bank’s CEO said yesterday. In Channy said he discussed the plan on Monday with a visiting Burmese delegation headed to Nay Aye, the deputy governor of Burma’s national bank, who came to learn about how Cambodia’s banking sector had developed. The visit follows the decision by Burma’s central bank earlier this month to float its national currency, the kyat, against the dollar. …
