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.

Follow the link for more news on

Also Read

Philippine central bank eyes AI rules for banks

Westpac appoints Kate Dee as chief people officer

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit