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ACLEDA Bank Plc. Increases Additional Capital of US$39,863,748

June 12, 2014

ACLEDA Bank Plc., a leading commercial bank for all sectors, has announced today that it additionally injects capital by US$39,863,748 to its current registered capital of US$185,671,857. Therefore, the total registered capital of ACLEDA Bank Plc. is US$225,535,605.

ACLEDA Bank Plc. is 51% owned by Cambodian interests, including ACLEDA NGO and ASA, Plc., with the remaining 49% held in equal parts by leading international institutions including the International Finance Corporation (IFC), Triodos Sustainable Finance Foundation, Triodos Fair Share Fund, Triodos Microfinance Fund, JSH Asia Holding Limited, COFIBRED S.A. and ORIX Corporation. The additional capital injection by US$39,863,748 will be contributed from stock dividend paid by the bank. This is the eleventh times that ACLEDA Bank Plc. has raised its registered capital since it became a bank. Please click here for more information about our shareholders.

ACLEDA's Chairman, Mr. CHEA Sok, a former central banker and economist, explained why the bank was seemingly always hungry for new capital, cited three principal reasons. "Firstly, ACLEDA continues to experience strong growth in its core domestic and overseas business with loans and other financial services and total assets increasing at more than 26% annually," he said. "Secondly, is to maintain our capital base at the upper level of the regulatory prudency ratios, but perhaps the most important of all is the need to build public trust by demonstrating that we have strong shareholders creating confidence in our ability to protect our customers' savings."

Dr. IN Channy, President and Group CEO, said that, "The subsequent capital increase is to finance its branch expansion locally and internationally, electronic bank infrastructure deployments and upgrading, and its growth to meet its strategic goals. ACLEDA Bank has experienced consistent increases in net profit after tax from just over US$475,168 in 2001 to US$77,761,428 in 2013. In addition to the calling on its shareholders for capital increases, the bank has been reserved its general reserves retaining between 50% to 60% of its Net Profit After Tax and reports that its current total net-worth has reached at US$386,309,887 by the end of May 2014."

"As the Cambodia's leading commercial bank for all sectors, ACLEDA Bank Plc. always focuses on its customers' needs and determines to meet their needs in all segments for more than 22 years of experiences with 251 branches throughout Cambodia, 41 branches and offices in Laos and 6 offices in Myanmar, with the total assets over US$2.64 billion by the end of May 2014," he continued.

"In 2014, domestically, here in Cambodia, we'll increase our ATM network to 250 and installing 2,500 POS terminals. We plan to open 21 new branches within this year bringing the total up to 272 throughout the country giving employment to 11,219 employees," he said. "We are also embarking on a substantial upgrade of our management information systems to cope with the growth of the banking and financial sector and in particular support our regional expansion."

Recently, ACLEDA Bank Plc. has four subsidiaries: ACLEDA Bank Lao Ltd., ACLEDA Securities Plc., ACLEDA Training Center and ACLEDA MFI Myanmar Co., Ltd.

For further information, please contact:

Dr. SO Phonnary
Executive Vice President & Group Chief Operations Officer
E-mail: phonnary@acledabank.com.kh

Mr. PROM Visoth
Executive Vice President & Group Chief Legal Officer and Corporate Secretary
E-mail: visoth@acledabank.com.kh