Kiripost News: Bank President In Channy says the debt relief will support frontline troops and families affected by the Cambodia - Thailand border conflict, building on earlier loan cancellations exceeding $4 million
ACLEDA Bank PLC will write off up to $30 million in loans for fallen, wounded and disabled Cambodian soldiers affected by the ongoing Cambodia-Thailand border conflict, according to its President, In Channy.
In a statement, Channy said the bank has introduced special measures to ease the burden on frontline troops who are “bravely fighting to protect Cambodia’s territorial integrity and its people”, as well as civilians displaced by the conflict.
“ACLEDA Bank has prepared to cancel debts of up to $30 million for soldiers who were killed, wounded or permanently disabled on the battlefield, and who are our credit customers,” Channy said, adding that the initiative builds on previous debt relief totalling more than $4 million.
He said the bank will also provide additional facilitation and relief measures for affected customers, in line with guidance issued by the National Bank of Cambodia on December 10, 2025, aimed at supporting citizens impacted by the border fighting.
Channy said the bank’s measures are intended to support national efforts during the crisis and to help affected families recover as the conflict continues.
Channy said the measures were taken in response to the Cambodian government’s appeal and guidance from the National Bank of Cambodia (NBC), which called on financial institutions to assist frontline soldiers and displaced people from provinces along the Cambodia -Thailand border.
He said ACLEDA Bank has already undertaken a range of humanitarian efforts.
These include donating 150 tonnes of rice to nine provinces and the capital, contributing 200 million riel through the Cambodian Senate, and providing an additional 100 million riel through the Ministry of Education, Youth and Sport to support children and schools in border provinces.
The announcement comes as Cambodia’s civilian death toll has risen to 17, with at least 77 people injured, according to a statement released Tuesday by the Ministry of Interior, as clashes and alleged ceasefire violations continue along the border.
It said the conflict has triggered a sharp rise in displacement, with 131,672 families - equivalent to 438,953 people - forced from their homes across seven provinces.
Those displaced include 225,572 women and 134,602 children, though officials warn the figures remain subject to change as fighting continues.
Source: https://kiripost.com
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