ABA Bank and Chevron Cambodia launch Distributor Financing Program
02/Sep/2024
ABA Bank, the largest commercial bank in Cambodia, signed a Memorandum of Understanding (MoU) with Chevron Cambodia to enhance financial services for their retailers through a specialized Distributor Financing Program.
On 29 August 2024, the signing ceremony was held in the presence of ABA Bank's Chief Corporate Banking Officer, Huot Chanthida, and Chevron's Finance Director, Chito Padie, and their respective teams. The event garnered over 35 Chevron retailers – station owners and managers across Cambodia to learn more about the Program.
ABA Distributor Financing Program is a tailor-made financing solution designed to facilitate and align with the operating requirements of the distributors following Chevron's business model. For this Program with Chevron, ABA will offer customized banking solutions exclusively to Chevron's retailers, including working capital loans, business expansion loans, and performance guarantee facilities.
The Program is tailored to support each retailer's capital needs and expenditures and ensure they will benefit from flexible and better loan terms and conditions, lower interest rates and fees, as well as a smooth and fast process flow.
“ABA Distributor Financing Program stands out for its flexibility and swift access to funds, designed to enhance cash flow for Caltex stations, support the expansion of new and existing stations, and provide other necessary banking facilities,” ABA's Huot Chanthida stated in her welcome remark.
“By offering tailored financial solutions, we enable businesses to meet their financial needs promptly for daily operations or growth projects,” she added.
Chevron's Chito Padie commented, “Expanding your station can significantly increase your market presence and customer base. We believe that this financing program will be a game-changer for our retailers, enabling you to grow and thrive in a competitive market.”
ABA Bank remains steadfast in providing robust financial services and tailored solutions to businesses of all types, ensuring significant benefits for everyone.
For any questions related to corporate banking solutions and financing programs, please contact ABA on 010 630 772 or via phal.tipdarath@. ababank.com