Logo of Phnom Penh Post newspaper Phnom Penh Post - ABA becomes the exclusive bank sponsor of Cambodia SEA Games 2023 and sponsors $1,650,000

ABA becomes the exclusive bank sponsor of Cambodia SEA Games 2023 and sponsors $1,650,000

Content image - Phnom Penh Post
Askhat Azhikhanov, CEO of ABA Bank (right), H.E. Vath Chamroeun, Secretary-General of CAMSOC (middle), Steven Path, CEO and Founder of Pathmazing Company during the Sponsorship Agreement signing ceremony. PHOTO SUPPLIED

ABA becomes the exclusive bank sponsor of Cambodia SEA Games 2023 and sponsors $1,650,000

ABA Bank, the largest commercial bank in Cambodia, inked the Sponsorship Agreement with the Cambodia SEA Games Organizing Committee (CAMSOC) as the "Exclusive Bank Sponsor" and "Exclusive Cashless Payment Sponsor" of the 32nd Southeast Asia Games and the 12th ASEAN Para Games (SEA Games).

Under the Agreement, ABA Bank is committed to providing $1,500,000 of in-cash and in-kind sponsorship to support the Cambodian national team and the hosts and facilitate marketing campaigns aimed at promoting the Games spirit among ABA customers.

Another support of up to $150,000 will be used to match the donations for Team Cambodia made on the Khmer Care platform.

The Sponsorship Agreement signing ceremony was presided over by Askhat Azhikhanov, CEO of ABA Bank, H.E. Vath Chamroeun, Secretary-General of CAMSOC, Steven Path, CEO of Pathmazing Company that acts as a one window service to raise funds for the Games, and other distinguished guests at the National Olympic Committee of Cambodia.

Commenting on the occasion, Askhat Azhikhanov said,"We are proud that Cambodia is finally hosting the SEA Games; it reflects Cambodia's steady development, economic growth, and political stability.

“As an active corporate citizen, ABA plays its role in the country's development. Supporting sports, including youth and disadvantaged people, is one of our core CSR commitments to the people. That is why sponsoring the historic SEA Games in Cambodia was a natural fit for ABA. Apart from our primary roles as Exclusive Bank and Exclusive Cashless Payment Sponsor, we will utilize our channels to promote the spirit of the Games and awareness to Cambodians before and during the Games," he added.

In his remark, H.E. Vath Chamroeun welcomed the sponsorship from ABA Bank and expressed pride that companies from the private sector support such an important event for the country.

"Today's signing is not about monetary support but about working together to boost the value of the event by facilitating the payment process of all delegates, participants, and visitors coming to this prestigious sports event," he mentioned.

"On behalf of CAMSOC, I thank ABA Bank for their contribution to the SEA Games and overall sports movement of Cambodia," he added.

The SEA Games 2023 will be the first-ever event held in Cambodia from 5-17 May, and the ASEAN Para Games will be held from June 3-9.

ABA Bank has continuously backed the sports sector in line with its corporate values.Specifically, the Bank sponsored the Cambodian Judo Federation, the national football team, and regularly supports the national tennis team.

The Bank is considered the largest local commercial bank by total assets, gross loans, customer deposits and profitability based on the National Bank of Cambodia’s Annual Supervision Report 2021.

MOST VIEWED

  • Second Hungary business forum set for H2

    Cambodia has asked Hungary to provide GSP- (Generalised System of Preferences) Plus facilities for when the Kingdom sheds its least-developed country (LDC) label, as the two countries prepare to hold a second business forum in the second half (H2) of this year to expand trade

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and

  • Thai boxers to join SEA Games’ Kun Khmer event

    The Cambodian SEA Games Organising Committee (CAMSOC) – together with the Kun Khmer International Federation (KKIF) and Khmer Boxing Federation – have achieved a “great success” by including Kun Khmer in the upcoming biennial multi-sports event on its home soil for the first time, said a senior

  • Bullets to bracelets: Siem Reap man makes waste from war wearable

    Jewellery is often made from valuable gemstones like emeralds or diamonds and precious metals like gold or silver, or valueless things like animal horns. But a man in Siem Reap has approached the manufacture of delicate pieces from a different angle. His unique form of

  • 61% of 2022 imports came from just 3 markets

    The three largest exporters to Cambodia – mainland China, Vietnam and Thailand – accounted for 60.94 per cent of the Kingdom’s total merchandise imports last year, at $18.245 billion, which was up 11.99 per cent over 2021, according to the General Department of Customs and Excise. Cambodia’s total imports

  • CPP sets out five primary strategic goals for 2023-28

    The Cambodian People’s Party (CPP) on January 29 concluded its two-day extraordinary congress, setting the party’s priority goals for 2023-2028. The ruling party’s congress was attended by more than 3,000 members from across the Kingdom, including the members of the permanent and central committees,