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ACLEDA Bank Plc. Entered into an Agreement with National Fund for Veterans

May 04, 2012

Phnom Penh — May 04, 2012 — ACLEDA Bank Plc., a leading commercial bank for all sectors, hereby announces that it has signed an agreement with National Fund for Veterans to maintain and secure in providing the social safety net allowance, including the other services of ACLEDA Bank, for veterans of the Royal Cambodian Armed Force, National Police Officer Framework, Civil Servant Framework, contractual staff and those who fought for the interest of the nation and families of veterans.

Social Safety Net for Veterans was established through the Royal degree on July 15, 2010, and then the Royal Government of the Kingdom of Cambodia issued the sub-decree on the establishment of National Fund for Veterans on July 23, 2010 to manage and ensure in providing the social safety net allowance for veterans and families of veterans. The contributions of National Fund of Veterans get from the nation budget, contribution of Royal Government of the Kingdom of Cambodia, veterans and families of veterans, generosity donation, donation from national and international development partners, benefit from investment and legally exploitation and other sources for implementation the policy of Social Safety Net for Veterans efficiently.

Mr. HEM Bora, Director of National Fund for Veterans, said "the fund received from the above contributions will be kept by ACLEDA Bank Plc., to manage and ensure on providing the social safety net allowance for veterans and families of veterans."

Mr. IN Channy, President & CEO of ACLEDA Bank Plc., said "this is a good evolution of the good governance reform of the Royal Government to push the public institutions to govern its fund through the banking system that is the important catalyst to make more confidence and trust on National Fund for Veterans on the efficiency of maintaining and securing in providing the social safety net allowance for veterans of the Royal Cambodian Armed Force, National Police Officer Framework, Civil Servant Framework, contractual staff and those who fought for the interest of the nation and families of veterans and other allowances."

ACLEDA Bank has 235 branches and offices throughout Cambodia and 23 branches and offices in Laos with the total assets of US$1.6 billion by the end of March 2012. It has three subsidiaries which are ACLEDA Bank Lao Ltd., ACLEDA Securities Plc., and ACLEDA Training Center.

For further information, please contact:

Mrs. SO Phonnary, EVP & Chief Operations Officer
E-mail:

Mr. PROM Visoth, EVP & Chief Legal Officer
E-mail: