ACLEDA Bank was established as a public limited company and obtained a license as a commercial bank on December 1st, 2003 with the total registered capital of USD13 million which is represented by 13 million ordinary shares, each having an issued price of USD1.00. The ACLEDA Bank's shareholders ...
Read moreACLEDA Bank was established as a public limited company and obtained a license as a commercial bank on December 1st, 2003 with the total registered capital of USD13 million which is represented by 13 million ordinary shares, each having an issued price of USD1.00. The ACLEDA Bank's shareholders are ACLEDA NGO, ASA Inc., IFC, DEG, FMO, Stichting Triodos Doen, and Triodos Fair Share Fund. At the end of 2007, the net asset value per share increased up to USD1.52 (after dividend). According to its business consistent growth, ACLEDA Bank plans to increase capital up to US$ 190 million by 2013. This capital will be used for the purposes of the continuous growth of the bank, the ongoing Electronic Banking System development, the bank's fixed assets expansion, and equipment installation at new and existing offices innovation.
ACLEDA Bank has experienced of more than 15 years in lending to all segments of the community and has more developed skills in deposit as well as other ‘non-financial’ services. Its top management, almost all of them have been with the bank since the beginning of 1993, have proved capable through good and bad time, and whilst the field staff, some of whom are new, are all highly qualified, have commitment in their works, and leavened with experienced senior and supervisory officers.
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