The​ Banker​ magazine​ named​ ABA​ Cambodia's​ Bank​ of​ the​ Year​ 2021​

03/Dec/2021

The Banker Award 2021

ABA​ Bank,​ Cambodia's​ leading​ commercial​ bank​ and​ a​ subsidiary​ of​ National​ Bank​ of​ Canada,​ clinched​ the​ prestigious​ "Bank​ of​ the​ Year​ 2021​ in​ Cambodia"​ award​ from​ The​ Banker,​ the​ world's​ premier​ banking​ and​ financial​ affairs​ publication​ of​ Financial​ Times​ Group​ (London,​ UK).​ This​ year,​ the​ magazine​ received​ submissions​ for​ the​ award​ from​ more​ than​ 130​ countries,​ and​ the​ winners​ were​ announced​ via​ a​ virtual​ ceremony​ on​ 1​ December.​

ABA​ Bank​ was​ praised​ for​ its​ strategic​ focus​ on​ innovative​ technologies​ and​ digital​ products​ and​ services,​ significant​ efforts​ to​ increase​ financial​ inclusion,​ and​ solid​ growth.​

In​ 2021,​ the​ Bank​ made​ significant​ enhancements​ to​ its​ mobile​ banking​ application,​ specifically​ to​ increase​ financial​ inclusion​ via​ the​ launch​ of​ Instant​ Account.​ This​ feature​ of​ ABA​ Mobile​ allows​ first-time​ users​ to​ open​ a​ bank​ account​ in​ several​ minutes​ and​ without​ visiting​ a​ bank​ branch.

In​ addition,​ the​ PayWay​ online​ platform​ of​ ABA​ Bank​ was​ enriched​ with​ the​ 'Credentials​ on​ File'​ feature,​ which​ enables​ the​ automatic​ processing​ of​ recurring​ or​ future​ payments,​ and​ the​ launch​ of​ the​ PayWay​ Mobile​ app.​ PayWay​ Mobile​ allows​ businesses​ of​ any​ size​ to​ accept​ cashless​ payments​ in​ KHR​ and​ USD​ by​ generating​ QR​ codes​ in​ the​ app.

In​ response​ to​ the​ challenges​ created​ by​ the​ Covid​ pandemic,​ ABA​ introduced​ Payment​ Link​ to​ PayWay​ Mobile​ to​ allow​ sellers​ and​ service​ providers​ to​ facilitate​ instant​ payments.​ The​ seller​ can​ include​ a​ product​ description,​ photograph,​ and​ price​ in​ the​ link​ and​ share​ it​ on​ favorite​ messaging​ apps​ and​ social​ media​ platforms​ with​ their​ customers.

Askhat​ Azhikhanov,​ CEO​ of​ ABA​ Bank,​ acknowledged​ the​ recognition,​ "We​ are​ honored​ to​ become​ Cambodia's​ Bank​ of​ the​ Year​ by​ The​ Banker​ again.​ This​ year's​ award​ proves​ that​ ABA​ can​ rise​ to​ the​ challenge​ by​ continuing​ its​ client-centric​ approach​ and​ offering​ convenient​ digital​ financial​ solutions.​ As​ always,​ we​ dedicate​ this​ accolade​ to​ our​ valued​ customers​ and​ thank​ them​ for​ their​ trust​ and​ support.​

"There​ is​ still​ a​ lot​ to​ be​ done​ regarding​ financial​ inclusion,​ and​ we​ believe​ that​ the​ trend​ in​ the​ industry​ for​ more​ focus​ on​ digital​ payments​ will​ continue.​ ABA​ Bank​ is​ well-positioned​ to​ lead​ the​ development​ in​ this​ direction,"​ he​ added.​

The​ Banker's​ award​ is​ the​ industry​ benchmark​ from​ the​ world's​ longest-running​ international​ banking​ publication,​ and​ ABA​ has​ collected​ its​ top-notch​ trophies​ in​ 2014,​ 2016,​ and​ 2019.​

ABA​ Bank​ has​ total​ assets​ of​ US$​ 7.5​ billion​ as​ of​ 30​ November​ 2021​ and​ is​ currently​ managing​ more​ than​ 2.75​ million​ accounts​ through​ the​ extensive​ network​ of​ 80​ branches,​ 820+​ self-banking​ machines,​ and​ advanced​ business​ online​ banking​ and​ mobile​ banking​ platforms.

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​ the​ trusted​ source​ of​ banking​ information​ and​ 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.​