MediaOur NewsACLEDA Bank has maintained the Credit Ratings at "B+/Stable/B" from Standard & Poor's

ACLEDA Bank has maintained the Credit Ratings at "B+/Stable/B" from Standard & Poor's

White: Ethics (transparency, honesty and integrity)
Gold: Value and quality
Blue: Unity, stability and wellbeing

November 4, 2023

As the first listed commercial bank in Cambodia, ACLEDA Bank Plc. ("ACLEDA Bank") wishes to notify the public that on November 2, 2023, the Bank received the report from Global Ratings Agency—Standard & Poor's (S&P) which the Bank has maintained the Credit Ratings at "B+/Stable/B".

This stable rating outlook reflects that ACLEDA Bank maintains its long-term financial profile with sufficient capital buffers to prevent all economic conditions from COVID-19 and macroeconomic hurdles. There are several factors help ACLEDA Bank sustain its funding profile. Furthermore, its large retail deposit base, financial services, dominant digital and physical presence, and role as the main bank for payroll service.

All of these factors reflect the strength of the business network operations of ACLEDA Bank by maintaining sustainable development. There are the positive aspects in the quality of capital of ACLEDA Bank and its subsidiaries.

As mentioned above, please kindly be informed.

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