ABA​ is​ the​ Bank​ of​ the​ Year​ 2019​ in​ Cambodia​ by​ The​ Banker​

29/11/2019

ABA​ is​ the​ Bank​ of​ the​ Year 1ABA​ is​ the​ Bank​ of​ the​ Year 1

ABA​ Bank,​ the​ third​ largest​ commercial​ bank​ in​ Cambodia​ and​ a​ subsidiary​ of​ National​ Bank​ of​ Canada,​ was​ named​ the​ Bank​ of​ the​ Year​ 2019​ in​ Cambodia​ by​ world’s​ premier​ financial​ magazine​ The​ Banker​ owned​ by​ Financial​ Times​ Group​ (London,​ United​ Kingdom).​ The​ award​ was​ presented​ to​ ABA​ during​ the​ annual​ ceremony​ in​ London​ that​ gathered​ the​ most​ prominent​ bank​ executives​ from​ all​ over​ the​ globe.

The​ judging​ panel​ highly​ praised​ ABA’s​ strategic​ focus​ on​ technologies,​ significant​ enhancement​ of​ ABA​ Mobile​ banking​ application​ and​ introduction​ of​ several​ convenient​ features​ such​ as​ free​ issuance​ of​ virtual​ cards​ in​ the​ app,​ fee​ waiving​ for​ E-Cash​ transactions​ and​ others,​ as​ well​ as​ ambitious​ network​ expansion,​ and​ success​ of​ ABA’s​ eCommerce​ solution,​ PayWay,​ in​ the​ market.

Askhat​ Azhikhanov,​ CEO​ of​ ABA​ Bank​ commented​ on​ the​ occasion,​ “In​ the​ past​ few​ years,​ ABA​ has​ clearly​ become​ a​ market​ frontrunner​ thanks​ to​ its​ customer-centric​ approach​ and​ early​ move​ into​ mobile​ banking.​ The​ bank​ invests​ heavily​ in​ new​ technologies,​ adopts​ an​ agile​ strategy,​ and,​ as​ a​ result,​ outperforms​ in​ financial​ digitalization.​ Our​ digital​ excellence​ is​ perfectly​ coupled​ with​ the​ lending​ strategy​ of​ providing​ productive​ loans​ to​ microbusinesses​ and​ SMEs​ in​ real​ sectors​ of​ the​ economy.”

“It​ is​ an​ honor​ to​ receive​ such​ recognition​ from​ the​ most​ respectable​ financial​ magazine,​ and​ I​ would​ like​ to​ express​ my​ gratitude​ to​ our​ clients​ for​ their​ trust​ and​ to​ our​ team​ for​ their​ commitment,”​ he​ added.

In​ its​ write-up​ about​ the​ award​ this​ year,​ The​ Banker’s​ Editor​ said,​ “ABA​ Bank​ undertook​ an​ ambitious​ expansion​ programme​ to​ bring​ the​ bank’s​ facilities​ closer​ to​ its​ customers​ across​ Cambodia.​ 

The​ bank’s​ expansion​ was​ not​ limited​ to​ its​ physical​ presence,​ as​ it​ also​ moved​ to​ create​ a​ wider​ network​ of​ digital​ services.​ The​ bank’s​ ABA​ Mobile​ app​ grew​ during​ the​ year​ –​ the​ use​ of​ virtual​ cards​ was​ expanded,​ with​ app​ users​ now​ able​ to​ have​ up​ to​ 10​ virtual​ cards​ they​ can​ use​ for​ a​ variety​ of​ functions,​ including​ online​ purchases.​ To​ encourage​ Cambodians​ to​ move​ away​ from​ cash​ transactions,​ the​ bank​ also​ expanded​ its​ PayWay​ facility​ for​ the​ e-commerce​ sector.”

The​ “Bank​ of​ the​ Year​ 2019”​ awards​ adds​ to​ the​ two​ top​ awards​ from​ The​ Banker​ ABA​ received​ in​ 2014​ and​ 2016.​ The​ Bank​ also​ holds​ five​ consecutive​ “Best​ Bank​ in​ Cambodia”​ titles​ from​ Global​ Finance​ and​ six​ consecutive​ “Best​ Bank​ in​ Cambodia”​ awards​ from​ Euromoney​ magazines.

ABA​ Bank’s​ has​ total​ assets​ of​ US$​ 4.11​ billion​ (as​ of​ 31​ October​ 2019)​ and​ is​ currently​ serving​ more​ than​ 700,000​ customers​ through​ the​ extensive​ network​ of​ 74​ branches,​ 550+​ self-banking​ spots,​ and​ advanced​ 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​ around​ the​ world.
Every​ month,​ the​ magazine​ combines​ in-depth​ regional​ and​ country​ coverage​ with​ reports​ on​ capital​ markets​ and​ structured​ finance,​ risk​ management,​ working​ capital​ management​ and​ securities​ services,​ environmental​ finance,​ trade​ and​ project​ finance,​ trading,​ technology​ and​ management​ and​ governance​ issues​ as​ well​ as​ closely​ monitors​ the​ performances​ of​ the​ top​ 1,000​ world​ banks.