Acleda Bank has been adopted into the World Economic Forum’s group of
Global Growth Companies (GGC), an exclusive club made up of some of the world’s
fastest-growing medium-size firms.
The WEF yesterday announced that 20 companies from the Asia-Pacific
region had been added to the list of 360, including six from Japan, three from
South Korea, two from Vietnam and two from Myanmar. The WEF is a Swiss
nonprofit organisation boasting some of the world’s largest firms, including
Microsoft and Facebook. In January, Acleda Bank reported a profit of $18.3
million at the end of the first quarter of this year, down slightly from $18.8
million during the same period in 2013. It has, however seen four years
straight of profit increases, from $26.6 million in 2010, to $77.8 million last
year.
In 2003 they were awarded a commercial banking licesnse and at the end
of March Acleda had 251 branches throughout Cambodia. This year the bank began
handling government revenues and expenditures, civil servants payroll and the
bank now also accept tax payments as part of the governments public finance
reforms.
Source:
http://www.phnompenhpost.com/business/acleda-joins-wef-growth-club
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