ABA Bank is one of Cambodia's premier banking institutions founded in 1996 as the Advanced Bank of Asia Limited.
The current shareholders structure of ABA Bank is represented as follows:
|Mr. Damir Karassayev||99.01%|
|National Bank of Canada (www.nbc.ca)||9.99%|
Mr. Karassayev has managed businesses in Southeast Asia since 2005. In 2007, he initiated and executed a successful acquisition of ABA Bank, then a small one-branch Cambodian bank, on behalf of his partners. In course of time, Mr. Karassayev had gradually transformed his relationship with partners, which eventuated with his assumption of full ownership of ABA Bank in 2014.
Being a private equity principal and a financial professional, Damir Karassayev’s main focus is on the development of ABA Bank as his core asset.
National Bank of Canada joined ABA Bank shareholders structure on July 15 2014 by signing the Share Subscription Transaction Agreement with ABA Bank. With CDN$194 billion in assets as at April 30, 2014, National Bank of Canada forms one of Canada’s leading integrated financial groups. Headquartered in Montreal, it has branches in almost every Canadian province with 2.4 million personal clients. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Clients in the United States, Europe and other parts of the world are served through a network of representative offices, subsidiaries and partnerships.
ABA Bank is now a multi-branch network universal commercial bank offering a full range of products and services to all Cambodians. Our deposit and customer base extends to 50,000 accounts with 6,000 borrowers, USD 342 million in deposit portfolio and more than 65 ATMs.
Currently ABA Bank provides full financial services through nationwide network of 20 branches with five more branches scheduled to open by the end of 2014. For now, there are branches in Phnom Penh, Siem Reap, Sihanoukville, Battambang, Kampong Cham, Kampong Speu, Kampong Thom, Kampot, Pursat, Takhmao and Takeo.
A winner of Asian Banking & Finance Magazine 2012 and 2013 Cambodia’s Domestic Technology and Operation Bank of the Year award, ABA prides itself in offering some of the most technologically advanced banking services in Cambodia.
In 2014, Euromoney financial magazine named ABA as Best Bank in Cambodia for its service quality, innovations and efforts for bringing the banking in Cambodia to the next level.
No matter what you are doing, you can always be sure that your financial matters will be taken care of by ABA Bank.
ABA Bank – a partnership you can trust!