PROJECT

Projects

Summary of Investment Information

Project Number

42480

Company Name

ACLEDA BANK PLC.

Date SPI Disclosed

May 16, 2019

Country

Cambodia

Region

East Asia and the Pacific

Projected Board Date

Jun 21, 2019

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 12, 2021

Department

CF4S4 - Regional Industry - FIG Asia & Pac/FIG Inv Ops East Asia & Pacific

Industry

Financial Markets

Previous Events

Approved : Jun 19, 2019
Signed : Jun 28, 2019
Invested : Oct 1, 2019

Sector

Commercial Banking - General

Project Description

 

The proposed investment consists of a syndicated subordinated loan to ACLEDA Bank Plc. (ACLEDA) to support ACLEDA’s growth strategy with a focus on digitalization and finance its lending operations with a focus on small and medium enterprises (SMEs) and women-owned SMEs (the Project). The subordinated loan, structured as Tier 2 qualified capital under the laws and regulations of Cambodia, will include IFC’s subordinated loan of up to US$60 million and mobilization of up to US$30 million.

 

Associated Advisory Engagement

                                     

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation