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Cambodia bourse sees first bank listing

Cambodia's largest commercial bank Acleda listed on the country's stock market on May 25, making it the first lender to trade on the exchange.
Cambodia bourse sees first bank listing ảnh 1A building of Acleda bank in Phnom Penh (Photo: www.phnompenhpost.com)
Hanoi (VNA) - Cambodia's largest commercialbank Acleda listed on the country's stock market on May 25, making it thefirst lender to trade on the exchange.

Acleda Bank became the sixth firm to join the CambodiaSecurities Exchange (CSX), which opened in 2011.

The bank has been operating since 1993 and its assets reached6.1 billion USD as of the end of 2019.

Its Chairman and Managing Director In Channy said about 2,500public investors became its shareholders on the day, opening a "newchapter" for Cambodia's financial sector.

He also downplayed the risks of debuting on the CSX duringthe COVID-19 pandemic.

Acleda's trading started at 16,200 riel (3.93 USD) per shareand closed at 16,500 riel./.
VNA

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