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ACLEDA Bank Plc. Cooperates with Credit Bureau Cambodia to Provide Financial Health Check Service

January 15, 2019

Phnom Penh, January 15, 2019 at ACLEDA Bank Plc.'s headquarters at 2:00 pm, is celebrated the signing on business partnership cooperating in providing financial health check service between Credit Bureau Cambodia (CBC) and ACLEDA Bank Plc.

Mr. Oeur Sothearoath, CEO of CBC, said that "during these 6 years of the operation, CBC has given credit report of clients that allow our partners to know their customers and be able to process credit effectively and responsibly. On the other hand, CBC also helps the public clients enable to study their credit profile to make it more accessible whenever they need to request for loan. Furthermore, this system contributes to sustainable finance system and economy as well."

He continued: "Through the benefits of credit report for Cambodian People at large and to make more convenience for rural area clients, CBC has created this service by cooperating with ACLEDA Bank Plc., and at the first stage, we had just launched at 5 branches in provinces/cities and then about to expand more in various provinces by the end of 2019. To use the service, clients simply carry their valid original national ID or passport and visit to 5 branches of ACLEDA Bank Plc. such as Headquarters, Siem Reap Province Branch, Kompong Speu Province Branch, Takeo Province Branch, and Kandal Province Branch."

Dr. In Channy, the President & GMD of ACLEDA Bank Plc., said that "CBC contributes lots of benefit to all related parties including individual customer, Bank and Financial Institutions, and other Financial Sectors. Foreseeing that CBC has the trustworthy information system, and it commits in responses to the needs of all members, related parties, and companies (especially for small and medium enterprise) in finding the best solution for funding. ACLEDA Bank Plc. is delighted to sign on business partnership cooperating with CBC in providing broadly financial health check service to clients in banking and financial sector through the enquiring for their own credit profile at 5 branches of ACLEDA Bank Plc. This service is to help clients and related parties to understand their financial status and readily for loan acquiring."

About CBC

CBC was created in 2012 and is the leading provider of financial information, analytical solutions, and credit reporting services to financial institutions, microfinance, leasing company, rural credit operator, and consumers in the Kingdom of Cambodia. As of November 2018, CBC has 158 institutions' member.

CBC also promotes greater financial stability by providing accurate real-time data to consumers and industry that helps them control the financial aspects of their business. We help the members manage credit risk, prevent fraud, and automate decision making. CBC also helps consumers to check their credit report to ensure that they have access to loans, financing, and protect from identity fraud.

About ACLEDA Bank Plc.

ACLEDA Bank Plc. has five subsidiaries which are ACLEDA Securities Plc., ACLEDA Institute of Business, ACLEDA Properties Ltd., ACLEDA Bank Lao Ltd. and ACLEDA MFI Myanmar Co., Ltd. as well as the representative office in the Republic of the Union of Myanmar. The Bank's total assets as of the end of December 2018 was USD 5.70 Billion with total loan outstanding USD 3.49 Billion, total deposits USD 3.75 Billion, and 2.5 Million total clients.

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