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First quarterly report of ACLEDA Bank Plc. in 2020
June 4, 2020 | Unofficial Translation
The interim financial statements of ACLEDA Bank Plc. for Q1 2020 have been prepared in accordance with Cambodian International Accounting Standards ("CIAS") 34, "Interim Financial Reporting".
For Q1 2020, ACLEDA Bank Plc has total interest income of KHR 519.12 billion increased by KHR 49.90 billion equivalent to 10.63% and net profit of KHR 136.46 billion increased by KHR 20.14 billion equivalent to 17.31% compared to the same period last year in Q1-2019.
As of ended 31 March 2020, ACLEDA Bank Plc. has total asset of KHR 25.01 trillion decreased by KHR 153.41 billion equivalent to 0.61% and total equity of KHR3.94 trillion increased by KHR 4.86 billion equivalent to 0.12% compared to period ended December 2019.
Significant indicators of the First quarterly (Q1-2020) report are as following:
- Return on average equity (*): 3.54%
- Return on average asset (*): 0.56%
- Loan to total asset: 64.87%
- Operating expense/Total loan: 1.53%
- Cost to income: 43.55%
- Interest income to total loan: 3.21%
- Solvency ratio: 24.77%
- Non-performing credit ratio: 0.23%
- Credit deposit ratio: 91.72%
- Number of employees (the Bank and its subsidiaries): 13,683
(*) The ratio is not annualized and was calculated using the three-month period of total comprehensive income figures from 01 January to 31 March 2020.
Please refer to the attached file for more details.