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ORIX Corporation Acquires 6% Stake in ACLEDA Bank
November 15, 2013
Phnom Penh, November 15, 2013, ACLEDA Bank Plc., a leading Cambodian commercial bank for all sectors, today announced that ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group in Japan, acquires 6% stake from one of our current Shareholders in ACLEDA Bank Plc.
Mr. Makoto Inoue, President & Chief Operating Officer of ORIX Corporation, said, "We believe ACLEDA Bank has a significant potential growth in a country for its bright future. Our investment in ACLEDA will clearly help it to develop and mature, and we are very much looking forward to being a supportive shareholder in the phase of its growth and expansion."
Dr. IN Channy, President & Group CEO of ACLEDA Bank Plc., said, "More than 21 years experiences, ACLEDA Bank has significantly grown with its customers and partners; ACLEDA Bank always listens well to its customers for more financial products and services."
"ORIX is another strategic partner of ACLEDA Bank that the two good institutions can combine our 70 years experiences in commerce and banking mainly in Asia, USA, Europe, and other regions in the world. These combined experiences help us mutually complement each other in bringing new choices of financial products and services into Cambodia market when we are called for. Furthermore, we have shared similar corporate values and we have a strong commitment to the success as being a leading bank in Cambodia's economic development," Dr. IN Channy added.
About ACLEDA Bank Plc.
ACLEDA Bank Plc. has 238 branches and offices throughout Cambodia, 35 branches and office in Laos and 03 branches and offices in Myanmar, with the total assets over US$ 2.2 billion by the end of October 2013. It has four subsidiaries which are ACLEDA Bank Lao, ACLEDA Securities Plc., ACLEDA Training Center, and ACLEDA MFI Myanmar.
About ORIX Corporation
ORIX Corporation was established on April 17, 1964 in Osaka, Japan as Orient Leasing Co., Ltd. It is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 34 countries and regions worldwide, ORIX's activities include corporate financial services, such as leases and loans, as well as automobile operations, rental operations, real estate, life insurance, banking and loan servicing.
For more information, please contact:
ORIX Corporation
Corporate Planning Department, World Trade Center Bldg. 2-4-1, Hamamatsu-cho MINATO-KU TKY 105-6135 Japan
Tel: +81-3-3435-3121
Fax: +81-3-3435-3154
Website: www.orix.co.jp/grp/en/
ACLEDA Bank Plc.
Dr. SO Phonnary, Executive Vice President & Group Chief Operations Officer
E-mail:
Mr. PROM Visoth, Executive Vice President & Group Chief Legal Officer and Company Secretary
E-mail: