Cambodia's Largest Commercial Bank Listed on Cambodia Securities Exchange Created by Korean Exchange

Market Cap Over 2 Trillion Won... Three Times That of the 5 Existing Local Listed Companies

At the listing ceremony of Acleda Bank held at the Cambodia Securities Exchange on the 25th, officials are taking a commemorative photo. (Photo by Korea Exchange)

[Asia Economy Reporter Minwoo Lee] The largest local commercial bank has been listed on the Cambodia Securities Exchange (CSX), a joint venture established by the Korea Exchange and the Cambodian government.

The Korea Exchange announced on the 25th that Acleda Bank, Cambodia's largest commercial bank, was listed on the Cambodia Securities Exchange (CSX) on the 25th. The Cambodia Securities Exchange is a joint venture established in 2010 with investments from the Korea Exchange and the Cambodian government at a 45:55 ratio.

As of the end of last year, Acleda Bank is Cambodia's largest commercial bank with total assets of $6.18 billion (approximately 7.61 trillion KRW). Based on the public offering price of $4.05, the market capitalization reaches $1.75 billion (approximately 2.15 trillion KRW). This is three times the combined market capitalization of the five existing listed companies on the Cambodian stock market.

The Korea Exchange stated, "With the listing of Acleda Bank, new investors will be attracted and foreign investors' interest will increase," adding, "As a result, the stagnant Cambodian securities market is expected to regain vitality."

This content was produced with the assistance of AI translation services.