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RETAIL BANKING | Cesar Tordesillas, Singapore
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ACLEDA Bank raises capital to US$68.15 million

ACLEDA Bank has again raised its total registered capital share by US$8.15 million.On 23 January 2009, the capital of ACLEDA Bank has been increased from US$50 million to US$60 million and further increased on 12 June 2009 to US$68.15 million. Each share shall have 1 vote and shall participate equally in all dividends and other distributions of the Bank. Fractions of shares shall not be issued.The bank has constantly boosted its capital since 2004.On 30 November 2006, ACLEDA Bank has raised its issued and paid-up capital from US$13 million to US$30 million. On 4 January 2008, ACLEDA Bank celebrated its fifteenth anniversary and has raised its issued and paid-up capital from US$30 million to US$50 million.In January 2004, ACLEDA Bank increased its total registered share capital from US$4 million to US$13 million, represented by 13 million ordinary shares, each having an issue price of US$1.

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