ABA Bank honored for supporting Cambodian MSMEs at CGCC annual seminar
07/Feb/2024
ABA Bank, Cambodia's largest commercial bank, proudly announces its Gold Sponsorship of the Credit Guarantee Corporation of Cambodia (CGCC)'s annual seminar "Diversifying Credit Guarantee Mechanism for Sustainable Financing of MSMEs" on 31 January 2024.
At the event, the Bank received distinguished awards for its unwavering commitment to supporting Cambodia's micro-, small, and medium enterprises (MSMEs).
ABA was recognized with the "Outstanding Performance in Number of Guaranteed Accounts" award, highlighting its dedication to facilitating access to finance for MSMEs.
Additionally, the Bank received a special award for maintaining the best asset quality in guaranteed loans in 2023, demonstrating its prudent risk management practices.
"These recognitions are a testament to ABA's unwavering commitment to empowering MSMEs, the backbone of Cambodia's economy," stated Lida Sem, Chief Medium and Large Business Loan Officer at ABA Bank.
"By collaborating with CGCC and leveraging their guarantee scheme, we can bridge the financing gap for businesses with strong potential but limited collateral, ultimately contributing to the nation's economic growth."
During the seminar, CGCC also launched its Entrepreneurship Program Imitative of CGCC (EPIC), a flagship program aiming to promote entrepreneurship and financial literacy among MSMEs. ABA strongly supports initiatives that equip Cambodian entrepreneurs with the necessary knowledge and skills to thrive.
ABA has been a leading provider of SME financing solutions, offering easier access to loans and tailored financial services to cater to the unique needs of small businesses. This commitment aligns perfectly with ABA's corporate mission and values, aiming to positively impact the lives of Cambodians and contribute to the nation's development.
