Swiss Investment Fund
for Emerging Markets

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Acleda Bank Plc

Founded in 1993 as a NGO, converted into a specialised bank in 2000 and then into a commercial bank in 2003, ACLEDA currently is the largest financial institution in Cambodia. The bank has historically focused on microfinance, which together with the financing of small and medium enterprises (SMEs), accounted for the largest portion of the Bank’s portfolio (more than 75% of their total loans in 2015). By being present in all Cambodian provinces, ACLEDA has a strong footprint in rural areas, which allows the bank to attend clients in more remote and underserved areas of the country.

Acleda Bank Plc

Founded in 1993 as a NGO, converted into a specialised bank in 2000 and then into a commercial bank in 2003, ACLEDA currently is the largest financial institution in Cambodia. The bank has historically focused on microfinance, which together with the financing of small and medium enterprises (SMEs), accounted for the largest portion of the Bank’s portfolio (more than 75% of their total loans in 2015). By being present in all Cambodian provinces, ACLEDA has a strong footprint in rural areas, which allows the bank to attend clients in more remote and underserved areas of the country.

About the fund

The subordinated nature of the SIFEM loan allows ACLEDA to access a type of long-term financing that is still scarce in the country and helps the bank strengthen its capital base. The loan provided by SIFEM will be fully earmarked to ACLEDA’s financing activities with SMEs, which in turn play a major role in Cambodia by creating jobs and generating income, supplying low-cost goods and services, and participating in research and innovation. 

Reference code
2015-07
Status
Inactive
Date of commmitment
December 2015
Date of exit
December 2022
SIFEM commitment
USD
10,000,000
Asset class
Private Debt
Investment strategy
Direct Investment
Fund manager
Acleda Bank