PROJECT

Projects

Summary of Investment Information

Project Number

35963

Company Name

ACLEDA BANK PLC.

Date SPI Disclosed

Dec 30, 2014

Country

Cambodia

Region

East Asia and the Pacific

Projected Board Date

Feb 2, 2015

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Sep 23, 2022

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Feb 20, 2015
Signed : Feb 27, 2015
Invested : Mar 27, 2015

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed investment to ACLEDA Group consists of (i) an up to US$ 110 million senior loan to ACLEDA Bank Plc., (ii) a guarantee for a US$ 8 million equivalent local currency senior loan to ACLEDA Bank Lao Ltd., and (iii) an up to US$ 6 million equivalent local currency senior loan to ACLEDA MFI Myanmar Co. Ltd. The purpose of this investment is to support ACLEDA Group’s lending programs to micro, small, and medium enterprises (“MSMEs”) and to help ACLEDA Group increase lending to the agricultural sector.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation