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ACLEDA Bank is Going IPO

December 2, 2019

On November 26, 2019, ACLEDA Bank Plc. received an official letter from the National Bank of Cambodia (NBC), allowing the Bank to proceed with its plans for the initial public offering (IPO) in the Kingdom of Cambodia. ACLEDA Bank Plc. will be the 1st commercial bank in the Kingdom of Cambodia to list its shares on the Cambodia Securities Exchange (CSX). The IPO will mark a new chapter of ACLEDA Bank's success story.

Dr. In Channy, President and Group Managing Director of ACLEDA Bank Plc., said that "We just received an official letter from the NBC to proceed to the next stage of the IPO process with the Securities and Exchange Commission of Cambodia (SECC). Our shareholders have unanimously agreed that the Bank should become public to diversify our sources of funding and utilize the Cambodian capital market for our future growth. On this occasion, we would like to inform our customers and the public that ACLEDA Bank Plc.'s shares will be available for investment after getting further approvals from the CSX and the SECC. We will make public announcements on the date of Book Building and Subscription soon. This will be a unique opportunity for the public to become shareholders of ACLEDA Bank Plc."

ACLEDA Bank's IPO will be promoted as the "People's IPO," encouraging retail investors and the general public to participate in the IPO according to their financial ability. In various markets, people's IPOs have proved successful in facilitating participation from and reaching out to a broader local investor base. "People's IPO" of ACLEDA Bank is to share the fruits of its financial growth with the average retail investors and become a bank that is trusted by the public.

Mr. Han Kyung Tae, Managing Director of Yuanta Securities (Cambodia) Plc. said, "We are very excited to be part of such a monumental project as the sole financial advisor. The stimulated trading volume and increased number of investors resulting from ACLEDA Bank's IPO will truly change the dynamics of the stock exchange and fundamentally transform the Cambodian capital market to reach a new stage of development." He added that the total market capitalization of the CSX could triple with ACLEDA Bank Plc.'s IPO.

Over the past 27 years, ACLEDA Bank Plc. has transformed from an NGO to the No. 1 bank in Cambodia. Throughout different phases of its development, ACLEDA Bank Plc. has continued to be the leading financial institution in the Cambodian banking sector: from a non-profit NGO to a sustainable microfinance institution, to a specialized bank, and to a commercial bank as of today. As of the end of September 2019, ACLEDA Bank Plc. is the largest bank in Cambodia in terms of gross loans (USD 3.61bn), and total equity (USD 898.56mn), and the second largest in terms of total assets (USD 6.09bn) and total deposits (USD 4.24bn).

ACLEDA Bank Plc. expects to list its shares on the CSX soon.

Please click here to download our Booklet for Public Investors in PDF file format.

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