Sign up | Log in



Home  >>   Daily News  >>   Cambodia  >>Finance  >> Japanese firm, bank raise stakes in Acleda
NEW UPDATES Asean Affairs  25 August 2015  

Japanese firm, bank raise stakes in Acleda

Japanese bank Sumitomo Mitsui Banking Corporation and financial services firm Orix Corporation upped their individual stakes in Cambodia’s largest bank, Acleda, acquiring shares from JSH Asian Holdings, an existing stakeholder in the bank.

Sumitomo Mitsui acquired an additional 6 per cent in Acleda, taking its total stake to 18.25 per cent, with Orix increasing its 6 per cent holding to 12.25 per cent, according to a release from Acleda today.

In Channy, president and groiup managing director of Acleda, said the stake sale would help the bank build up capital for future use and that the acquisition by Sumitomo and Orix were “proof of the high level of investor trust in Acleda.”

“It [Acleda] always listens well to its value customers and partners and introduces the financial services and products required by them,” Channy said in the release.

Sumitomo’s managing director and head of its Asia Pacific division Shosuke Mori said his firm’s continued collaboration with Acleda was helping achieve the latter’s goal of proving quality financial services across customer segments.

“This additional investment will accelerate SMBC’s efforts to realise our Asia-centric strategy, and enable SMBC to serve diverse customers’ needs through extending our network to fast-growing emerging countries,” Mori said.

According to the National Bank of Cambodia’s Supervision Report 2014 Acleda led the pack in profits among other local banks, reporting $82 million of the sector’s $311 million in profits.

As of June 2015, the Kingdom’s largest bank had assets worth $3.6 billion, 255 branches throughout Cambodia, as well as branches and offices in Laos and Myanmar.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           August  25 , 2015 Subsribe Now !
• ASEAN, EU to Focus on Quality Assurance in ASEAN Higher Education Subcribe: Asean Affairs Global Magazine
• Mekong in need of more infrastructure
• Singapore to raise re-employment age to 67 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

•Japanese firm, bank raise stakes in Acleda
• Maybank eyeing to be Brunei’s leading bank for financing services
Asean Analysis                   August 21, 2015
• Asean Analysis August 21, 2015
Endgame to Myanmar’s Cease-fire Deal Tests President Thein Sein’s Resolve
Advertise Your Brand

Asean Stock Watch  August  24,   2015
• Asean Stock Watch-August 24, 2015
The Biweekly Update
• The Biweekly Update August 21, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand