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ACLEDA Net Profit Shrinks in Q3 on Higher ECL Allowance

The commercial bank reported a second consecutive drop in net profit following a $5 million allowance recognition for expected credit losses on loans. That said, the bank has recorded higher deposits, of nearly $7 billion, as of September 30

ACLEDA Bank Plc. Kiripost/Siv Channa

ACLEDA Bank Plc. Kiripost/Siv Channa

Sangeetha Amarthalingam

Sangeetha Amarthalingam

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Published on:

Wed, 08 Nov 2023 - 3:10 PM

Updated on:

Thu, 09 Nov 2023 - 1:00 AM

~ 2 min read


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