SME Finance

ACLEDA Bank Sponsors 9th Global SME Finance Forum 2022

With the 9th Global SME Finance Forum ending in the Cambodian capital with huge success, this year’s forum double award winner ACLEDA Bank reflects on its decision to sponsor the international event
ACLEDA Bank Sponsors 9th Global SME Finance Forum 2022. Photo supplied.
ACLEDA Bank Sponsors 9th Global SME Finance Forum 2022. Photo supplied.

The 9th Global SME Finance Forum 2022 concluded in Phnom Penh, attracting more than 400 participants from 60 countries to the Cambodian capital to learn and share ways to create an enabling environment to support SMEs and financial inclusion.

ACLEDA Bank said it is proud to have been one of the main sponsors for the three-day event, which was organized by the International Finance Corporation (IFC) and co-hosted by the National Bank of Cambodia (NBC).

The bank said the sponsorship sits in line with its core mission to promote partnership for financial inclusion. In addition, the forum’s agenda, ‘Harnessing Digitalization for Sustainable and Inclusive SME Finance’, supported ACLEDA’s digital transformational journey.

According to Global SME Finance Forum organizers, the reason behind selecting Phnom Penh as this year’s host city is because the capital is “such an interesting place where you have institutions like ACLEDA that are really pushing the frontier of how you can serve small businesses, micro-enterprises, and consumers in a different way that will be more effective.”

At the Global SME Finance Forum 2022, ACLEDA also scooped two awards: “Best Bank Partner for SMEs in EAP Award” and "SME Financier of the Year" for its contribution to improved SME finance across the Kingdom.

ACLEDA Bank Plc. is one of Cambodia’s oldest and largest banks. It has four subsidiaries. They are ACLEDA Institute of Business, ACLEDA Securities Plc., ACLEDA Bank Lao Ltd., and ACLEDA MFI Myanmar Co., Ltd. as well as representative offices in the Republic of the Union of Myanmar.

By June 2022, ACLEDA Bank Plc. had $8.34 billion in total assets; $6 billion in total credit balance; and $6.01 billion in total savings deposits, with more than 3.59 million customers. [Partnered Content]