The Banker magazine accolades ABA as Cambodia's Bank of the Year for the sixth time
05/Dec/2023
ABA, Cambodia's largest commercial bank and leading digital finances provider, was honored as Cambodia's Bank of the Year 2023 by the prestigious financial publication, The Banker, marking the sixth recognition from the esteemed magazine. The announcement occurred at The Banker's annual awards ceremony in London.
ABA received commendation for its comprehensive transformation of consumer banking services and strategic emphasis on cutting-edge technologies and digital offerings.
Throughout 2022, ABA Bank demonstrated unwavering commitment to elevating the standards of its banking services, solidifying its reputation as a leader in the industry. The recognition by The Banker underscores ABA Bank's continuous efforts to provide high-quality banking experiences to its customers.
In its pursuit of excellence, ABA Bank introduced innovative initiatives and expanded its services. Notably, the introduction of the ABA Junior Account, tailored for children aged 10 and above, showcases ABA's dedication to fostering financial literacy and inclusion within society. The Bank also achieved a milestone by becoming the first in the Kingdom to introduce Card Machines, streamlining card issuance for ABA Mobile users in under two minutes without branch staff assistance.
In the middle of 2023, ABA revamped its ABA Mobile app, offering customers a more personalized and convenient banking experience. The updated app enables users to customize their interface with widgets, backgrounds, and icon packs. It also allows adjustments such as font size for accessibility and the option to switch between light and dark modes.
Additionally, the Bank expanded its physical presence with the official launch of four new full-scale branches and 16 ABA 24/7 self-service spots, reinforcing its commitment to accessibility and convenience for its valued customers.
"We are honored to be recognized as Cambodia's Bank of the Year 2023 for the sixth time," said Askhat Azhikhanov, CEO of ABA Bank. "This award is a testament to our team's hard work and dedication, and we are committed to continuing to provide our customers with the best possible banking experience."
Joy Macknight, editor of The Banker, congratulated ABA Bank on this remarkable achievement, "Congratulations to ABA Bank for taking home the accolade as Bank of the Year in Cambodia. ABA Bank has developed a clear path to its future, both in terms of its products and commitment to technology. The rollout of its ABA Mobile 5.0 app increased functionality and greater personalization. ABA Bank significantly expanded the list of services and features in its ABA Mobile, including the ability for young customers to open their own bank account with the new ABA Junior Account."
The Banker's trophy enters a plethora of other Best Bank awards ABA Bank gained throughout the year from Euromoney, Asiamoney, International Finance, Asian Banking and Finance, and Global Finance magazines.
ABA Bank remains committed to delivering innovative banking solutions that empower its customers and contribute to the growth and development of the Cambodian financial landscape.
About ABA Bank
ABA Bank (established in 1996) is the largest Cambodian commercial bank by total assets, gross loans, customer deposits, and profitability based on the National Bank of Cambodia's Annual Supervision Reports 2021 and 2022.
As of November 2023, ABA serves more than 3.1 million customers with an array of modern financial services.
About The Banker magazine
The Banker magazine is the world's premier banking and finance resource of Financial Times Group. Established in 1929, the publication has become a trusted source of banking information and is read by CEOs, CFOs, corporate treasurers, central bank governors, and financial regulators in over 180 countries worldwide.
The Banker is the key source of data and analysis for the industry. The Banker's Top 1000 World Banks ranking has been setting the benchmark since 1970, providing comprehensive intelligence about the health and wealth of the banking sector. To find out more, visit www.thebanker.com/top1000. The Banker is a service from the Financial Times.
