In August 2015, OeEB participated with USD 15 million in a long-term credit line of USD 102 million, arranged by the Dutch Development Bank FMO, to ACLEDA Bank Plc Cambodia. The funds will be used to finance local micro, small and medium-sized enterprises (MSME).
|Project name||ACLEDA Bank Cambodia|
|Region||Southern and Eastern Asia|
|Sector||Financial sector / Microfinance / SME|
|OeEB project volume||USD 15 million|
|Project partner(s)||ACLEDA Bank Plc|
Cambodia is one of the poorest countries in the world and is listed as a Least Developed Country by the OECD. The Cambodian private sector consists primarily of micro, small and medium-sized enterprises which is why they play a crucial role in the development of the country's economy and employment situation.
The credit line to ACLEDA Bank Plc – the leading MSME-bank in Cambodia - is dedicated to the financing of local MSME and thereby contributes to strengthening the private sector as well as to securing and creating jobs.