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The Annual report of ACLEDA Bank Plc. Group in 2023

March 29, 2024 | Unofficial Translation

The audited financial statements of ACLEDA Bank Plc.’s Group for 2023 have been prepared in accordance with Cambodian International Financial Reporting Standards (“CIFRS”).

For 2023, ACLEDA Bank Plc.’s Group had total revenue of KHR 3.40 trillion increased by KHR 363.08 billion or 11.94% compared to 2022 and profit attributable owners of the Bank of KHR 608.51 billion decreased by KHR 134.26 billion or 18.08% compared to the same period last year in 2022.

As of ended 31 December 2023, ACLEDA Bank Plc.’s Group had total assets of KHR 39.80 trillion increased by KHR 2.62 trillion or 7.05% and total equity of owners of the Bank reached KHR 5.62 trillion increased by KHR 225.27 billion or 4.17% compared to period ended December 2022.

Significant indicators of the year 2023 are as following:

• Return on average equity: 11.05%
• Return on average asset: 1.58%
• Interest income to total gross loan: 11.42%
• Operating expense to total gross loan: 4.07%
• Total gross loan to total asset: 68.32%
• Total gross loan to total deposit: 92.11%
• Non-performing Loan ratio (*): 5.77%
• Solvency ratio: 18.45%
• Liquidity coverage ratio: 180.13%

(*) Non-performing loan ratio = Contractual Principal Balance of Non-Performing Loan/Total Contractual Loan Principal Balance Number of employees (the Bank and its subsidiaries): 13,503