ABA recognized for excellence in providing guaranteed accounts by CGCC
27/Jan/2025
ABA Bank, the largest commercial bank in Cambodia1, was awarded the 'Outstanding Performance in Number of Guaranteed Accounts 2024' award from the Credit Guarantee Corporation of Cambodia (CGCC) at the Annual Seminar on "Innovation of Credit Guarantee to Promote Green Financing" on 23 January 2025.
The seminar was presided over by H.E. Ros Seilava, Secretary of State of MEF, with representatives from banks and microfinance institutions, domestic and international development partners, and other relevant stakeholders.
Having received the CGCC awards for three consecutive years, ABA has continuously been recognized for its exceptional efforts in providing a significant number of guaranteed accounts. This achievement significantly enhances financial inclusion and access to finance for micro-, small and medium enterprises (MSMEs) across Cambodia.
"We are honored to receive the award from CGCC for the third time. This recognition underscores our commitment and continued support to the sustainable growth of our MSMEs in the country," commented Lida Sem, ABA's Chief Medium and Large Business Lending Officer.
"With the loans guaranteed by CGCC, we can play a role in providing the necessary resources for MSMEs to thrive, whether that be their business expansion, investment, or working capital needs, further fostering economic progress." He concluded.
Through the seminar, CGCC also announced the official launch of the "Wholesale Guarantee Scheme", aiming to provide guarantees on existing business loans of Participating Financial Institutions (PFIs). This scheme will share risk with PFIs and reduce the risk weight on the part of the exposure guaranteed by CGCC.
Aligning with the Bank's corporate mission and values, ABA has consistently facilitated easier loan access for MSMEs throughout Cambodia. This active effort empowers local businesses to grow to their fullest potential and enhance community development.
Customers can learn more about access to loans via our Small Business Loan webpage or call us at 1 800 203 203 (toll-free inside Cambodia).
1 ABA is Cambodia's largest commercial bank in terms of assets, deposits, loans, and profitability, according to the Annual Supervision Report 2021-2023 of the National Bank of Cambodia.