ABA Bank launches specialized financing program for TotalEnergies' distributors
19/Feb/2025
ABA Bank, the largest commercial bank and a leader in digital solutions, has signed a Memorandum of Understanding (MOU) with TotalEnergies Marketing (Cambodia) Co., Ltd. ("TEMC") to provide financial services and credit facilities to TEMC customers through a tailored Distributor Financing Program.
Being a TotalEnergies (France) subsidiary, TEMC has provided fuel, lubricants, and aviation fuels through a nationwide network of service stations in Cambodia since 1993.
On 14 February 2025, representatives from both parties and their respective teams attended the signing ceremony. This event also served as a platform for the ABA team to brief TEMC's customers, including resellers, distributors, and retailers across Cambodia, about the Program's specifics.
Under the MOU, ABA offers exclusive customized credit facilities and services such as banking facilities for business needs, cashflow/working capital loans, and business expansion loans to TEMC customers. The goal is to enable businesses to meet their financial needs promptly, whether for daily operations, inventory, or growth projects.
Zhiger Atchabarov, Chief Operating Officer at ABA Bank, emphasized the Program's flexibility and swift access to funds, designed to enhance cash flow, support the expansion of new and existing stations, and provide necessary banking facilities. "Our partnership is more than just financing; it's about building a foundation for long-term success and sustainability. Together, ABA and TEMC can drive innovation and create lasting value for your businesses," he stated.
Dinah Jogia Kumar, Managing Director of TEMC, commented, "The collaboration with ABA is a testament to our commitment to fostering growth and providing our customers with the financial tools they need to succeed. This partnership will undoubtedly pave the way for new opportunities and drive innovation in the industry."
As a leading financial solution provider in the country, ABA Bank remains committed to offering unparalleled financial and banking services to customers from all walks of life. Whether catering to family-owned businesses or large multinational corporations, the bank ensures every business receives a top-notch banking experience.
For any inquiries regarding corporate banking solutions and financing programs, contact ABA via 093 630 065.
