20 August 2014
The
International Finance Corp, a World Bank affiliate, announced Monday the sale
of 12.25 percent of Acleda Bank PLC to Japan’s Sumitomo Mitsui Banking Corp for
an undisclosed sum.
A
statement said IFC’s financing and technical support had helped Acleda expand
its services to Laos and Myanmar where IFC is a shareholder in Acleda MFI
Myanmar Co. "We have successfully supported Acleda Bank’s transition into
a commercial microfinance institution and then a full-service commercial
bank," said Adel Meer, IFC’s financial institutions group manager for East
Asia and the Pacific.
Sumitomo
Mitsui Banking Corp is a strong strategic partner that can support Acleda's
continued long-term growth and contribute to Cambodia’s economic development
and job creation.
Source:
No comments:
Post a Comment