BRED Cambodia (IFC-39331)

  • Cambodia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 26, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 15, 2017

Disclosed by Bank Dec 5, 2017

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Project Description
According to the IFC website, the proposed project consists of an equity investment in BRED Bank (Cambodia) Plc. ("BRED Cambodia" or the "Bank"), a greenfield bank established as a subsidiary of BRED S.A. ("BRED" or the "Sponsor"), part of BPCE Group. Expected development impacts: Improved access to finance: The Project will contribute to an increase in access to finance for SMEs through the Bank's targeted products & services. The Bank will also provide access to financial services through the mobilization of deposits. Support to the banking sector: The Project will send a strong signal that IFC continues to support the banking sector in Cambodia, and will contribute to the improvement of corporate governance, risk assessment, E&S procedures.
Investment Description
The investment will be in the form of common shares with an ownership in BRED Cambodia of up to 20% for a total amount of up to US$15 million.
Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
BRED is part of the Groupe Banque Populaire Caisse d'Epargne ("BPCE"), the second largest banking group in France. BRED is the largest cooperative bank of BPCE, established in the Greater Paris region, Normandy, and Overseas French departments. It has a strong franchise in the SME and entrepreneurs segment in France. BRED belongs to its 150,000 cooperative shareholders-customers .
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Groupe Banque Populaire Caisse d'Epargne - BPCE Parent Company -

Contact Information
BRED Cambodia Guillaume Perdon CEO 30 Boulevard Norodom, Phnom Penh ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at