SIFEM - Swiss Investment Fund for Emerging Markets

New loan to ACLEDA Bank

SIFEM extended a USD10 million subordinated loan to ACLEDA Bank Plc. in Cambodia. ACLEDA currently is the largest financial institution in Cambodia. The bank has historically focused on microfinance, which together with the financing of small and medium enterprises (SMEs), accounted for the largest portion of the Bank’s portfolio. By being present in all Cambodian provinces, ACLEDA has a strong footprint in rural areas, which allows the bank to attend clients in more remote and underserved areas of the country.