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Standard & Poor's (S&P) Global Ratings upgraded the Stand-Alone Credit Profile (SACP) of ACLEDA Bank Plc. to 'bb' from 'bb-'

December 18, 2020

Phnom Penh, 17 December 2020, ACLEDA Bank Plc. "the Bank", has a great honor to inform the customers and public at large that the Global Ratings Agency — Standard & Poor's (S&P) on 16 December 2020, upgraded the Bank's Stand-Alone Credit Profile (SACP) to 'bb' from 'bb-'.

Dr. IN Channy, President & Group Managing Director of ACLEDA Bank Plc., said that the upgrade of SACP from 'bb-' to 'bb' to ACLEDA Bank due to the following main reasons: The Bank maintains a diversified asset, carefully management, thinking all relevant risks as a basis for strong growth and capitalization. All of these factors reflect the strength of ACLEDA Bank's business network operation by maintaining sustainable revenue without any impact.

The stable outlook reflects the view that ACLEDA Bank Plc will maintain its financial profile, with sufficient buffers to stabilize the business.

Please refer to the attached file for more details.

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