AIB inaugurates $37m campus

Sok Chan / Khmer Times No Comments Share:
In Channy, president of Acleda Bank, cuts the ribbon at the launch of the new campus. Supplied

The Acleda Institute of Business (AIB) held the official launch of its new campus in Phnom Penh’s Sen Sok district yesterday, in a ceremony attended by the country’s deputy prime minister.

The new campus has cost AIB, a subsidiary of Acleda Bank Plc, $36.72 million, according to the company.

At the ceremony, AIB managing director Phon Narin gave a history of the company, from its beginnings as a training unit for Acleda Bank employees and public officials to its transformation into a higher education institution offering bachelor’s, associate and master’s degrees.

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Since 2009, it has trained 6,475 Cambodians from 245 organisations and companies, as well as 1,877 foreigners from 30 countries, he said.

“We have a total of 908 students, with 614 enrolled in a bachelor’s degree and 191 in an associate degree,” Mr Narin said.

From 34 staff members in 2009, the institution’s personnel has expanded to 127.

“AIB has developed swiftly in line with the country’s sustainable socio-economic development and the needs of the labour market over the past two decades,” Mr Narin said

“This campus, which has cost $36.7 million, including land, is equipped with all you need in terms of security, fire protection, energy conservation and health facilities.”

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Speaking at the ceremony, Aun Pornmoniroth, the Deputy Prime Minister and Minister of Economy and Finance, said the banking and financial sector plays an integral role in the socio-economic development of Cambodia.

“Today’s inauguration is testimony to the contribution of the private sector in developing Cambodia’s education system.

“I am glad to see that commercial banks and microfinance institutions are striving to diversify their services and products,” he said.

The new campus is located in the Phnom Penh-Hanoi Friendship Boulevard in the capital’s Sen Sok district.

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