PROJECT

Projects

Summary of Investment Information

Project Number

44882

Company Name

ACLEDA BANK PLC.

Date SPI Disclosed

Mar 12, 2021

Country

Cambodia

Region

East Asia and the Pacific

Projected Board Date

Apr 12, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Mar 29, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : May 10, 2021
Signed : Jun 23, 2021
Invested : Oct 25, 2021

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed investment to ACLEDA Bank Plc. (“ACLEDA” or the “Bank”) consists of an up to US$ 200 million 5-year senior loan  to support ACLEDA to expand its lending program to small and medium enterprises (“SMEs”) and women-owned SMEs, who play an important role within the economy and contribute towards job creation in Cambodia (the “Project”). The proposed investment will include an IFC A Loan of up to US$ 100 million for IFC's own account and a syndicated loan of up to US$ 100 million.   

Associated Advisory Engagement

  N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation