Acleda shareholders OK expansion into Burma

Shareholders of Acleda Bank yesterday approved a plan to open an initial three branches in Burma, where a year of surprise political and economic reforms are raising expectations of a flood of foreign investment ...

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 ...

Banking sector shows growth in 3rd quarter

Taking advantage of strong economic growth this year, two of the country’s largest banks have posted strong third-quarter earnings. Acleda Bank yesterday reported a net profit of $32.68 million in the first three quarters of the year, almost double the amount over the same period last ...

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