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ACLEDA Bank Receives HSBC Certificate of Excellent

September 21, 2005

Phnom Penh, Cambodia, September 21 — HSBC has awarded its certificate of excellence to ACLEDA Bank Plc, a leading commercial bank in Cambodia. The Certificate of Excellent recognizes a highly outstanding performance and exceptional commitment for straight-through processing for global payment and cash management provider who, in line with HSBC’s mission, has made a significant contribution to protect the money laundering and terrorism.

“ACLEDA Bank’s evolution from a non-profit institution focusing on serving the commercial bank services to local and global entrepreneurs with protecting the money laundering and terrorism activities, is a role model for all banks around the world, not just local bank,” said Hersel Mahani, Senior Vice President of HSBC. “The winner of the HSBC Certificate of Excellence should be a company that has outstanding performance and exceptional commitment for straight-through processing —ACLEDA has truly earned this award.”

With partnering with HSBC Bank, N.A. ACLEDA has expanded its payment and cash management services to the customers in the local and the glob through 136 offices and branches.

“We are delighted to receive this award. HSBC Bank has been a valuable partner in helping us become outstanding performance and exceptional commitment commercial bank that brings global payment and cash management services to entrepreneurs and customers in local as well as foreign countries,” said Mr. In Channy, General Manager of ACLEDA Bank. “It is my firm belief that Certificate of Excellence is an important evidence for our customers to use ACLEDA Bank Plc service.”

HSBC Bank N.A. is a first range in USD payments and Cash Management Bank services more than 1,500 USD clearing account of Financial Institution clients from more than 115 countries and territories with assets approaching US$300 billion. It helps build strong personal financial services, private banking, commercial banking and corporate investment banking and markets segments. The goal is to bring banks into the mainstream of the banking industry to help reduce money laundering and terrorism and improve payment and cash management service.

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