ADB lends 75 mln USD to Cambodian bank to support small firms

28 May 2014
Xinhuanet News
Asian Development Bank (ADB) / Banking and financial services / Economy and commerce / Multilateral development assistance / Small and medium enterprises SME
ACLEDA Bank / ADB / ADB's Private Sector Operations Department / Asian Development Bank (ADB) / Christine Engstrom / In Channy / Small and Medium Enterprise

The Asian Development Bank (ADB) on Wednesday signed a 75 million U.S. dollars loan with Cambodia’s largest bank, Acleda Bank, to address the rising financing requirements of micro, small and medium-sized enterprises (MSME) in the country. The agreement was inked between Christine Engstrom, director in ADB’s Private Sector Operations Department, and Acleda Bank’s president and CEO In Channy. …

 Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-05/28/c_133368436.htm