ABA Bank spreads support to humanitarian and educational projects of TYDA and AMT
20/Apr/2022
ABA Bank, the leading commercial bank in Cambodia, signed a Memorandum of Understanding (MoU) with Samdech Techo Voluntary Youth Doctor Association (TYDA) and Association of Samdech Akka Moha Sena Padei Techo Hun Sen and Samdech Kittiprittbandit Scholarship Students (AMT) to provide financial support to the Associations.
Following the MoU, ABA makes a charitable contribution of US$ 100,000 to TYDA for its essential works on providing free medical treatment and healthcare to rural communities across the country and another US$ 100,000 to AMT for supporting bright and gifted Cambodians via scholarships, educational programs, and financial assistance schemes.
The MoU signing ceremony was presided over by H.E Dr. Hun Manet, Chairman of the Board of Directors of TYDA and AMT, and Mr. Askhat Azhikhanov, Chief Executive Officer of ABA Bank, with the honor presence of H.E. Pich Chanmony, Vice Chairwoman of the Board of Directors of TYDA and other distinguished guests at the Phnom Penh Hotel.
This financial support becomes a part of the Bank's continuous commitment to making a positive contribution to Cambodia and its people, especially the underserved communities, in line with its Mission, Values, and Corporate Social Responsibility principles.
“On behalf of TYDA and AMT, I would like to thank ABA Bank for this signing of the Memorandum of Understanding on the financial support. This MoU will significantly contribute to humanitarian activities for society through visiting and free medical treatment across the country, as well as supporting scholarship students with the opportunity to study and acquire knowledge to build a bright future,” said H.E Dr. Hun Manet, Chairman of the Board of Directors of TYDA and AMT.
"TYDA and AMT Associations have proven themselves in humanitarian and educational projects for years, and we at ABA Bank are grateful for the hard work and positive impact they have been bringing to local communities. We bolster the development strategy of the Royal Government aimed at improving the wellbeing of the country and its people, so the support of such charitable organizations has become a natural choice for us," commented Askhat Azhikhanov, CEO of ABA Bank.
TYDA and AMT were launched as non-profit charitable organizations in 2012 and 2014, respectively, to observe medical needs in the poor communities in Cambodia, release the medical burden of the people, provide scholarships to needy families, and develop human resources.
As an active member of the business community, ABA Bank regularly participates in initiatives and projects aimed at poverty alleviation, literacy, employability, and supporting underprivileged youth and disadvantaged communities. Among others, the Bank donated US$ 1,000,000 in April 2021 to support the Royal Government's efforts to stop the spread of Covid. The proposal for donation was considered and appreciated by Samdech Techo Hun Sen, who issued Appreciation Letter to the Bank's top management and staff.
