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ABA wins ‘Best Bank in Cambodia 2022’ in Euromoney Awards for Excellence

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ABA Bank has been awarded Euromoney's top title nine times in a row. SUPPLIED

ABA wins ‘Best Bank in Cambodia 2022’ in Euromoney Awards for Excellence

ABA Bank, Cambodia’s number one commercial bank, has been named “Best Bank in Cambodia 2022” by Euromoney, one of the world’s most prominent and trustworthy financial magazines.

The award confirms ABA’s position as Cambodia’s leading bank and largest provider of retail banking.

Euromoney applauded ABA for its innovative banking solutions, solid expansion and remarkable growth.

The decision of the judging panel is also supported by ABA’s recent significant development and enhancement of its state-of-the-art digital platform, including:

■ Integration of the Bank’s payment system with KHQR, which allows ABA customers to receive transfers and payments from customers of other local banks within the National Bank of Cambodia’s Bakong payment system free of charge;

■ Launch of card-to-card transfers with Mastercard and UnionPay International;

■ Introduction of a quick loan solution, Salary Loan, on ABA Mobile to provide quick and easy financing for personal use with no collateral requirements;

■ Deployment of the first and only self-issuance of plastic cards, which lets customers order their bank card on ABA Mobile and then have it issued from an ABA Card Machine;

■ Further upgrade of its unique ABA Merchant app, which allows businesses to receive payments and manage their trading activities easily and efficiently;

■ Continuous growth of the ABA 24/7 self-banking network. With ABA 24/7 spots, the bank customers can make cash deposits and withdrawals, deposit cheques and issue local and international bank cards free of charge.

Commenting on the occasion, AskhatAzhikhanov, the CEO of ABA Bank, said: “It is our ninth consecutive top title from Euromoney, which proves ABA’s leading position in Cambodia to deliver innovative and beneficial financial products and services to our valuable customers.

“We dedicate this award to all our clients and thank them for their trust in ABA.”

As the largest commercial bank in Cambodia in terms of total assets, gross loans, customer deposits and profitability, ABA is well-known for providing unrivalled digital financial services to SMEs, microbusinesses and retail clients.

As of 30 June 2022, the bank’s total assets reached US$8.5 billion, while the total volume of digital transactions on the ABA Mobile app alone totalled almost US$100 billion.

About ABA Bank

Founded in 1996, Advanced Bank of Asia Limited (ABA Bank) is Cambodia’s leading commercial bank.

With 81 branches, 23 ABA 24/7 spots, more than 900 self-banking machines, and advanced online and mobile banking platforms, ABA Bank reaches out to millions of customers with an array of modern financial service. ABA owns B+ credit rating with ‘Stable’ outlook from the S&P Global Ratings agency.

The bank’s major shareholder is National Bank of Canada. It is the sixth largest bank in Canada and the leading bank in Quebec where it is the partner of choice among SMEs.

About Euromoney’s Awards for Excellence

Euromoney’s Awards for Excellence were established in 1992 and are the global benchmark for the banking industry.

These annual awards cover more than 20 international product categories, best-in-class awards in all regions, and the best banks in close to 100 countries worldwide.

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