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Acleda
Installs New Banking Software for Better Services
Acleda
Bank, which specializes in small loans to Cambodia, will
soon get a new computer system that will allow the
institution to expand to a full service bank.
The bank
entered a purchase agreement Monday for the software system
with the Switzerland-based firm Temenos, a banking computer
software developer.
In Channy,
the bank's general manager, and Temenos Vice President Clive
Knott singed the contract, which allows the bank to replace
the current telemeter system with the new system in its 56
branch offices in 14 provinces.
The bank
should soon be able to move beyond small-scale lending to
saving, money transfer, foreign exchange and other banking
services, In Channy said.
The system
will also improve information management allowing for more
timely and accurate reports to the National Back of
Cambodia, he said.
Starting as
a national NGO with various international donors, Acleda has
given loans averaging less than $280 to 400,000 clients
since 1993. It represents a more than 50 percent share
of the small-scale credit market.
"Our
operations are growing every year," In Channy said,
adding that Acleda currently has 62,000 active clients in
the small-scale loan service, lending $16.6 million in
total. "We are hoping to have a 100 percent growth this
year. That why we need this new system"
Three
branches in Phnom Penh, Takeo and Kompong Thom will be
equipped with the new system within four months; the other
branches will follow. In the future, In Channy said, the
bank will launch on-line banking service with this computer
software.
The Cambodia Daily 01-March-2001 |
