Washington D.C., December 7th, 2022 – ACLEDA Bank joins the SME Finance Forum as the newest member of our global membership network. Our members are SME financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“When we started in 2012, we were in an exploratory phase for the first few years. Since 2016, we’ve been implementing our mission to build a global membership to support better SME financing. Since then, we’ve established a network with over 240 active member institutions, which operate in over 190 countries sharing the common purpose of helping under-served enterprises. We are delighted to welcome ACLEDA Bank to grow our mission further.” said Matthew Gamser, CEO of the SME Finance Forum.
ACLEDA Bank is a public limited company, formed under the Banking and Financial Institutions Law of the Kingdom of Cambodia. Originally founded as a national NGO for micro and small enterprises' development and credit. Then it was licensed as a Specialized Bank in 2000 and since 2003 as a Commercial Bank to provide full banking services. Nowadays it is a Cambodia's leading commercial bank.
"By being one of the members of the SME Finance Forum, we expect to get to know the members of the Forum and learn from them innovative ideas for our new financial products and services, especially the continuous development of digital infrastructure. And in line with ACLEDA Bank vison and mission is to form the partnership for financial inclusion,” said Dr. In Channy, ACLEDA Bank’s President & Group Managing Director.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative. The Forum operates a global membership network of +240 members that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list.
About ACLEDA Bank Plc.
ACLEDA Bank Plc., offers a diversified range of products and services to meet the demands of all growing sectors, whether SMEs or corporate customers. More than 80% of the Bank's total loan portfolios were Small and Medium Loan and the loan portfolios increased from USD3.22 billion in 2019 to USD3.79 https://www.acledabank.com.kh/kh/eng/