Already the first Cambodian bank to obtain a banking licence abroad from neighbouring Laos (with China and Vietnam eyed for future expansion), Cambodian microfinancier Acleda (which has the country’s largest retail banking network) is reportedly looking for a Western shareholder. From the Financial Times:"In Channy, chief executive, told the Financial Times that Acleda had received 19 investment proposals and would decide next month which one would make the best 'strategic shareholder'. Western banks are on the list, although he would not disclose names."
Originally a United Nations backed microfinance programme started 15 years ago, Acleda has established itself as one of Asia’s leading providers of microcredit - with the potential to fill the lending void to the lower-income sector in markets outside of Cambodia. Currently, Acleda is 51% owned by its staff and other locals with the remaining 49% owned by foreign funds and international donors (such as the IFC).