PROJECT

Projects

Summary of Investment Information

Project Number

32207

Company Name

ACLEDA BANK PLC.

Date SPI Disclosed

Apr 27, 2012

Country

Cambodia

Region

East Asia and the Pacific

Projected Board Date

May 28, 2012

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Jun 18, 2012
Signed : Jun 28, 2012
Invested : Aug 16, 2012

Sector

Commercial Banking - SME Finance

Project Description

The proposed investment consists of a US$ 10 million credit line to ACLEDA Bank (“ACLEDA”) with a 5-year maturity to be used to extend loans to SMEs in Cambodia, with 50% of the financing expected to be directed towards women-owned SMEs. The investment aims to support the continued growth of ACLEDA’s SME loan portfolio.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation