ACLEDA Bank Plc. is a public limited company, formed under the Banking and Financial Institutions Law of the Kingdom of Cambodia. Originally, it was founded in January 1993, as a national NGO for micro and small enterprises' development and credit.
At the end of November, 2014, ACLEDA Bank Plc. has extended to 253 branches, which are located in all provinces and towns of Phnom Penh, Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kep, Kandal, Koh Kong, Kratie, Mondul Kiri, Oddar Meanchey, Pailin, Preah Sihanouk, Preah Vihear, Prey Veng, Pursat, Rattanak Kiri, Siem Reap, Stung Treng, Svay Rieng, Takeo, and Tboung Khmum provinces.
Today ACLEDA Bank Plc is offering the E-Banking, Credit, Deposits, Local and International Funds Transfers, Trade Finance, Cash Management, Money Exchange, and a lot of other banking services.
Metfone is the leading mobile operator in Cambodia, with the most extensive, reliable and trusted network. It is the brand name of Viettel (Cambodia) Pte. Ltd. a member of one of the world’s fastest-growing telecom operators, Viettel Group. According to GSMA Wireless Intelligence, Viettel Group is among the top 15 telecom companies globally when ranked by the number of cellular connections.
The name “Met” was selected for Cambodia because it means “friend” in Khmer, and conveys our desire to build a truly Cambodian company to serve Cambodians.
When Metfone launched its service nationwide in February 2009 there were seven mobile operators in Cambodia. Three ― Mobitel, Mfone and TMIC ― had been operating in Cambodia for around 10 years and were the dominant players.
Mobitel (a joint venture between Cambodia’s Royal Group and international partner Millicom) led the market with a share of more than 50%. However, the market at that time was concentrated primarily in major urban centers. Most rural areas ― where 80% of Cambodia's population lives ― had no network coverage.
Metfone began expanding along national roads to rural areas, expanding coverage to those who had previously been isolated.
At that time, most operators used microwave transmission technology for their networks. As a result, Cambodia’s telecom infrastructure, which was already in a fragile state after decades of conflict, was limited to less than 2,000 kilometers of fiber optic cable and around 1,700 base transceiver stations. Cambodia lagged the region, with a mobile penetration rate of about 20%. Moreover, due to an over reliance on developing mobile networks, fixed lines had been neglected.
For years, the total number of fixed-line subscribers was almost unchanged at about 40,000. Internet services, mostly dial-up, were available in some major urban centers, but the costs were among the highest in the world. The penetration rates for both fixed phone lines and the Internet were below 0.5%.
Canadia Bank is the largest local bank in Cambodia, licensed as a Commercial Bank with the National Bank of Cambodia and registered with the Ministry of Commerce. With a worldwide network of correspondent banking relationships and a solid base of local and international customers, the bank holds commanding market shares in loans as well as deposits offering a wide range of financial services through its Head Office and its 55 branches in Phnom Penh & other major cities in Cambodia.
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