OPIC and ACLEDA Bank Plc Sign Commitment to Support Lending in Cambodia
August 24, 2016
(OPIC)
Phnom Penh — ACLEDA Bank Plc., The Bank For
The People, The Bank You can Trust, today
announced that the Overseas Private Investment
Corporation (OPIC), the U.S. Government's
development financial institution, signed a
commitment letter for US$125 million direct
loan to ACLEDA Bank Plc., a leading commercial
bank in Cambodia to support all sectors through
micro, small and medium enterprises (MSMEs).
The project seeks to generate economic growth,
employment, and goods and services in the
Cambodian private sector.
Dr. IN Channy, President & Group Managing
Director of ACLEDA Bank Plc. said that "Long
term finance from OPIC is significance for
ACLEDA Bank Plc. to reach out more Micro,
Small, and Medium Enterprises throughout
Cambodia those who are in need of financial
facilities to start and/or expand their
businesses as well as to leverage their
revenues. Furthermore OPIC Finance does form
diversified sources of strategic funding for
ACLEDA Bank Plc. as the market leader in
financial industry."
“We are pleased to be working with ALCEDA on
this facility” said Elizabeth L. Littlefield,
OPIC President and Chief Executive Officer.
“The OPIC facility will allow ALCEDA 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.”
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