ebook ebooks e-book e-books downloaden bei MyEbooks.ch downloaden

Beyond Borders, Beyond Banking The ACLEDA Bank Story, 2005-2019

:	Heather A. Clark
:	Beyond Borders, Beyond Banking The ACLEDA Bank Story, 2005-2019
:	Springer-Verlag
:	9789811516870
:	1
:	CHF 43.30
:

:	Einzelne Wirtschaftszweige, Branchen
:	English

:	322
:	Wasserzeichen/DRM
:	PC/MAC/eReader/Tablet
:	PDF

This book examines the experiences and good practices of ACLEDA Bank, Cambodia. Applicable to banks and microfinance institutions around the globe, it includes materials for classroom instruction on organizational development, financial sector development, the role of government and investors in supporting the financial market, and the benefits to customers.

Following on the previous publication When There Was No Money, which tells the ACLEDA story by tracing its history and various stages of organizational development in the financial sector as it evolved in Cambodia from 1991 to 2004, this book examines the 2nd decade in the bank's history, including its expansion to Lao PDR and Myanmar, and the launch of subsidiaries, such as ACLEDA Securities and the ACLEDA Institute of Business.

Adopting a documentary approach, the book presents case studies supported by current economic and financial literature, as well as stories from a wide range of interviews with the board, management, staff, customers, competitors and regulators.

Given its scope, the book offers a valuable resource for financial institutions, investors, researchers and students interested in financial inclusion, financial sector development, good governance of financial institutions, microfinance, aid effectiveness, post-conflict organizational development, and Cambodia.

Heather A. Clark is the author ofWhen There Was No Money, a book covering the first decade of ACLEDA Bank's history. Ms. Clark's relationship with ACLEDA Bank Plc. and experience in Cambodia span two decades. In addition, she has over 25 years of experience working with microfinance banks, funding agencies, training institutes, and networks. She is a former Director of the UN Capital Development Fund's Microfinance Unit and has worked as a Senior Technical Advisor with the UNDP and USAID. She has also worked with NGOs, specialized banks and member-owned organizations, chiefly in South East Asia, East Africa, and Latin America.

	Foreword	11
	Reference	13
	Acknowledgments	14
	Contents	17
	Abbreviations	24
	List of Figures	26
	List of Tables	32
	Part I: A Decade of Growth	33
	Prologue	33
	The Future Perspective	33
	Reference	33
	Chapter 1: Introduction: Building the Future—Beyond Borders, Beyond Banking	34
	1.1 Part I: A Decade of Growth	37
	1.2 Part II: Flight to Quality	38
	1.3 Part III: ACLEDA Bank Plc.: Traditions and Transitions	38
	1.4 Part IV: ACLEDA Bank Plc.: Expanding Beyond Borders, Beyond Banking	39
	1.5 Epilogue	40
	Chapter 2: The Big Picture: Cambodia Then, Cambodia Now (2004–2019)	41
	2.1 More than a Decade of Growth	41
	2.2 Growth with Equity	45
	2.3 Growth and Poverty	47
	2.4 Competitiveness and Innovation	47
	2.4.1 The Global Competitiveness Index (GCI)	48
	2.5 The Current and Future Advantage	51
	References	52
	Part II: Flight to Quality	55
	Prologue	55
	The Historical Perspective	55
	References	57
	Chapter 3: Cambodia’s Financial Market System (2004–2019): History, Structure, and Performance	58
	3.1 An Introduction to Cambodia’s Financial Market System	58
	3.1.1 Demand and Supply of Financial Services Fuel Economic Growth	58
	3.1.2 A Responsive Regulatory Framework and Supporting Infrastructure Advance Financial Inclusion	59
	3.2 Cambodia’s Financial Market System	62
	3.2.1 A Brief Tour of the Financial Market System: Supporting Functions	63
	3.2.2 A Brief Tour of the Financial Market System: Rules and Norms	64
	3.2.3 At the Core: Customers and Financial Services Providers	65
	3.3 An Inclusive Financial Market?	67
	3.3.1 How Inclusive Is Cambodia’s Financial Sector?	68
	3.3.2 Inclusion and Exclusion	70
	3.3.3 The Relationship Between Financial Inclusion and Poverty Reduction?	70
	3.4 The Core Market and the Vital Statistics About Market Expansion	72
	3.4.1 Serving the Market Well	72
	3.4.2 Creeping Delinquency and Increasing Non-Performing Loans	74
	3.4.3 The Discovery of an Innovative Business Model	76
	3.4.4 The Return on Innovation	77
	3.4.5 Serving the Market Better	77
	3.5 Rules and Norms in Practice	78
	3.5.1 The Consultative Process and Product	78
	3.5.2 Truth in Lending	80
	3.5.3 The Precedent for Market Transparency	81
	3.5.4 Opening the Financial Market to New Entrants	82
	3.5.5 The Precedent for Experimentation	83
	3.5.6 The Importance of Norms	84
	3.6 Supporting Functions	84
	3.6.1 Capital Markets: The Cambodia Securities Exchange (CSX)	84
	3.6.2 Information Services	88
	3.6.2.1 Research, Advocacy, and Coordination: Industry Associations	88
	3.6.2.2 The Credit Bureau of Cambodia (CBC)	88
	3.6.3 Financial Consumer Education	89
	3.6.4 Financial Consumer Protection	90
	References	91
	Chapter 4: Cambodia’s Financial Market System: Inclusive Dynamics, Impending Crisis?	95
	4.1 Introduction	95
	4.1.1 Five Factors for Concern	96
	4.2 Proliferation of Small Credit Operators at the “Bottom of the Pyramid”	97
	4.3 The System Capacity to Absorb More Debt Nears the Breaking Point	99
	4.3.1 Tracking the Evidence	99
	4.3.1.1 Traditional Measurement Inadequate to Detect Early Warning Signs	99
	4.3.1.2 Borrower Difficulty Meeting Financial Commitments	100
	4.3.1.3 Aggressive Competition: Number of Microcredit Loans Outstanding	101
	4.3.1.4 Aggressive Competition: Rapid Growth in Loan Size and MFI Portfolio Size	102
	4.3.1.5 Average Loan Outstanding to GDP Per Capita	103
	4.3.1.6 Multiple Borrowing	105
	4.3.2 The Unique Dynamics of Cambodia’s Micro-lending Market	106
	4.3.2.1 A Different Pattern of Over-indebtedness	106
	4.4 The Interest Rate Cap on Microcredit Fuels Expansive Borrowing	107
	4.4.1 The Market in Cambodia Worked Well to Lower Micro-lending Interest Rates	108
	4.4.2 Do Interest Rate Caps Strengthen the Market for Borrowers and Lenders?	109
	4.4.3 Market Research Around the World	110
	4.4.4 Interest Rate Caps as a Tool to Curb Debt Stress	111
	4.4.5 Interest Rate Cap Performance After Two Years of Implementation	111
	4.4.6 How Did the Interest Rate Cap Perform as “a Good Tool to Curb ‘Debt Stress’?”	112
	4.4.7 Reversing the Trend	113
	4.4.7.1 Market Behavior Prior to the Interest Rate Cap	113
	4.4.8 Abating a Debt Crisis: Six Important Lessons from Cambodia So Far	115
	4.4.9 Summary and Prospects	118
	4.5 Mergers and Acquisitions at the Top of the Pyramid	119
	4.5.1 The First Merger and Acquisition: Sathapana Limited	120
	4.5.2 The Next Candidate: Thaneakea Phum Cambodia, Ltd.	122
	4.5.3 Then It Was Another MFI’s Turn: Hattha Kaksekar Limited	122
	4.5.4 The Latest Change of Ownership in 2017: PRASAC MDI	123
	4.5.5 Ownership of Cambodia’s Leading MDIs 2012–2019	124
	4.6 Taxation Target	127
	4.7 Conclusion: Rational or Irrational Exuberance?	129
	References	130
	Part III: ACLEDA Bank Plc.: Traditions and Transitions	133
	Prologue	133
	The Historical Perspective	133
	Chapter 5: ACLEDA Bank Plc.: Principles and Practices	137
	5.1 Introduction	137