News Release

Share Purchase of ACLEDA Bank Plc. in Cambodia(1/1)

August 18, 2014


Sumitomo Mitsui Banking Corporation


Share Purchase of ACLEDA Bank Plc. in Cambodia


Sumitomo Mitsui Banking Corporation (gSMBCh, President: Takeshi Kunibe) has announced today that SMBC intends to@acquire 12.25% of the shares of ACLEDA Bank Plc. (gACLEDA Bankh, President & Group CEO: In Channy), the largest Cambodian bank. In connection with this share purchase, SMBC obtained approval from the National Bank of Cambodia, Cambodiafs central bank as of the 12th of August, 2014.


In view of the expanding Cambodian economy, SMBC signed a memorandum of understanding for a business alliance with ACLEDA Bank in August 2012 and has been promoting business cooperation since then. For example, in January 2014, SMBC started providing operational support to ACLEDA Bankfs newly-created gForeign Corporate Unit,h a consultation service department for ACLEDA Bankfs foreign corporate clients.


This share purchase by SMBC is aimed to further enhance the existing collaborative relationship between the two banks. SMBC continues to be committed to meet the various needs of customer in Asia, including Cambodia, by taking advantage of the collaborative relationship with ACLEDA Bank, besides of the information network established by the Phnom Penh Representative Office of SMBC.


1. Overview of Share Purchase

(1) Number of shares: 27,628,111 shares (12.25% of total issued shares)

(2) Timing of investment: Scheduled for September, 2014


2. Overview of ACLEDA Bank Plc.

Established:                    1993

Location of head office: #61, Preah Monivong Blvd., Sangkat Srah Chork, Khan Daun Penh    @Phnom Penh, Kingdom of Cambodia


Networks:                      252 in Cambodia; 41 in Laos; 6 in Myanmar

                                      (as of July 31, 2014)

Total assets:                   US$2,408 million (as of December 31, 2013)

Net income:                   US$81million (as of December 31, 2013)

Listing:                          Not listed




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