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ACLEDA Bank Conducts Groundbreaking Ceremony

The artists impression of the new Headquarters extension

December 17, 2012

Phnom Penh, December 17, 2012, ACLEDA Bank, the bank you can trust and the Cambodia's leading commercial bank, has celebrated the groundbreaking ceremony for its new headquarters tower behind its current headquarters building located at #61, Preah Monivong Blvd., Sangkat Srah Chork, Khan Daun Penh, Phnom Penh. The new headquarters will be the modern high-rise building with 20 floors and 04 basements for the working spaces of 43,000 sqm (office spaces, canteen, and parking lots). It is equipped with security, energy conserving and fire protection, centralized network monitoring and communication, and IT support system.

The new headquarters tower has been designed by internationally and reputable companies renowned Aedas, Architect Consultant; iLi Consulting Engineers Mekong Ltd., Civil & Structure Consultant; Optima Consultant Ltd, MEP Consultant; and BK Asia Pacific, Quantity Surveying Consultant. This new tower will be built by HYUNDAI AMCO CO., LTD., which is one of professional and reputable construction companies in South Korea as well as in the world, and it has its successful record in Cambodia. ACLEDA Bank has obtained its construction permit No. 253 DNS/RDN dated November 21, 2012 and its construction site opening permit No. 162 RSN/NSN dated November 22, 2012 awarding by the Ministry of Land Management, Urban Planning and Construction and General Construction Department. The construction will commence this month, December 2012 and it's expected to complete within the next 24 months construction period.

Dr. IN Channy, the President & CEO of ACLEDA Bank Plc. and Mr. HW Son, CEO of HYUNDAI AMCO CO., LTD.

Dr. IN Channy, the President & CEO of ACLEDA Bank Plc., said, "Increasing number of customers have pledged their trust with ACLEDA Bank, the need for ACLEDA Bank financial services and products have grown tremendously for the past 12 years in the banking phase, and especially for the past 5 years since we have moved to this building in 2007. Loan portfolios have grown at 289% from US$315 million to US$1.2 billion; savings have grown by 318% from US$344.6 million to US$1.44 billion by November 2012; branches and offices have grown from 204 to 238 branches and offices or up by 17%; and the staff have grown from 4,401 to 7,611 for the same period or up by 73%. To respond to the strong growth, ACLEDA Bank is in great need to extent with more spaces in terms of branches and offices nationwide, especially the current headquarters to match with the strong growth and in order to be best serving our value customers, and for the safe keeping of their assets placing with us. Five years ago, we had built this headquarters with 6-story building office spacing of 6,083 sqm to accommodate 500 headquarters staff, and with the parking lots for 168 vehicles. Today we are celebrating the ground breaking ceremony to start the extension and construction of the new headquarters building with 20 stories, and 04 basements for the total space of 43,000 sqm to accommodate 1,400 headquarters staff, 703 vehicles, and canteen for staff."

Krong Pealy Ceremony for the new building of ACLEDA Bank Headquarters

He added that, "This new headquarters building will be constructed with special attention paid to the security, fire protection, energy conservation, and occupational health and safety. The investment in our new headquarters tower demonstrates our confidence in Cambodia and its strong economic performance and our commitment to the more than one million customers, and future coming customers who put their trust in ACLEDA Bank, the bank you can trust."

"We are especially honored to be appointed by ACLEDA Bank to collaborate with this group of terrific professionals to design for the new headquarters tower. We believe the ambition and aspirations of ACLEDA Bank is going to enable Aedas to explore and create a truly unique and beautiful property reflecting the heritage and culture of not only the ACLEDA Bank but the commercial district of Phnom Penh. Aedas has created a global platform for creative excellence in architecture. A platform that enables the best creative minds to plug into the latest information and delivery systems they need to produce world-class design solutions." said Don Conning, Aedas.

Groundbreaking Ceremony for the new building of ACLEDA Bank Headquarters

Mr. HW Son, CEO of HYUNDAI AMCO CO., LTD., said, "New construction of ACLEDA Bank's headquarters tower, which is the top leading commercial bank in Cambodia, is designed in international standards with high qualities of materials and facilities. HYUNDAI AMCO is very proud to participate in this Project as General Contractor, and we assure to provide best construction services to our client with our experiences in Cambodia as well as in the world."

Indication today, ACLEDA Bank, has 238 branches and offices throughout Cambodia, 28 branches and offices in Laos, and 01 branch in Myanmar with the total assets over US$1.9 billion by the end of November 2012. It has four Subsidiaries such as ACLEDA Bank Lao Ltd., ACLEDA Securities Plc., ACLEDA Training Center, and ACLEDA MFI Myanmar Co., Ltd. and strategically we are going to expand our operations in to the ASEAN region and all potential countries along the Mekong River.

For more information, please contact:

Mr. PROM Visoth, Executive Vice President & Chief Legal Officer
E-mail:


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