SMBC buys stake in Cambodia's biggest bank

The Japanese megabank furthers its Asian expansion by buying 12.25% of Cambodia’s Acleda for over Y10b. Acleda’s CEO speaks to FinanceAsia.
SMBC to send rep to Acleda's HQ in Phnom Pehn
SMBC to send rep to Acleda's HQ in Phnom Pehn

Sumitomo Mitsui Banking Corp. (SMBC) has acquired 12.25% of Cambodia’s largest bank by assets, Acleda, furthering the Japanese bank's expansion into Southeast Asia, the two banks said on Monday.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media