ABA​ retains​ the​ Best​ Bank​ in​ Cambodia​ title​ in​ 2023​ by​ Euromoney​ magazine

14/Jul/2023

ABA Euromoney 2023 - dt en

ABA​ Bank,​ Cambodia's​ largest​ commercial​ bank​1,​ has​ received​ its​ tenth​ consecutive​ prestigious​ "Best​ Bank​ in​ Cambodia"​ title​ from​ Euromoney,​ one​ of​ the​ world's​ most​ prominent​ and​ trustworthy​ financial​ magazines.​ The​ award​ ceremony​ for​ winners​ took​ place​ in​ Hong​ Kong​ and​ gathered​ top​ banking​ professionals​ from​ across​ the​ globe.

The​ recognition​ is​ a​ testament​ to​ ABA​ Bank's​ continued​ dedication​ to​ excellence​ and​ customer​ satisfaction.​ Euromoney​ applauded​ ABA's​ commitment​ to​ providing​ innovative​ banking​ solutions,​ solid​ expansion​ strategies,​ and​ remarkable​ growth​ in​ the​ Cambodian​ market.

The​ decision​ to​ confer​ ABA​ Bank​ with​ the​ esteemed​ "Best​ Bank​ in​ Cambodia​ 2023"​ title​ was​ further​ reinforced​ by​ the​ notable​ progress​ and​ enhancements​ made​ to​ its​ cutting-edge​ digital​ platform,​ such​ as:

  • ​ABA​ Junior​ Account,​ giving​ children​ aged​ 10+​ access​ to​ the​ modern​ banking​ app​ in​ which​ they​ can​ view​ their​ balance​ in​ real-time,​ make​ local​ transfers​ and​ payments,​ and​ save​ money​ by​ themselves;
  • ​Launch​ of​ ABA​ Card​ Machines​ that​ allow​ users​ of​ ABA​ Mobile​ to​ issue​ local​ and​ international​ cards​ in​ under​ 2​ minutes​ without​ branch​ staff​ interaction;
  • ​Manulife​ Soksabay​ insurance​ plan​ that​ ABA​ Bank​ customers​ can​ purchase​ from​ Manulife​ Cambodia​ quickly​ via​ ABA​ Mobile;
  • ​Further​ upgrade​ of​ its​ unique​ ABA​ Merchant​ app,​ which​ allows​ businesses​ to​ receive​ payments​ and​ manage​ their​ trading​ activities​ quickly​ and​ efficiently;
  • ​The​ continuous​ growth​ of​ the​ ABA​ 24/7​ self-banking​ network,​ where​ ABA​ customers​ can​ make​ cash​ deposits/withdrawals,​ deposit​ checks,​ and​ issue​ bank​ cards​ free​ of​ charge.

"This​ continuous​ recognition​ by​ Euromoney​ validates​ our​ dedication​ to​ providing​ our​ customers​ with​ the​ highest​ level​ of​ service​ and​ innovative​ solutions,"​ said​ Askhat​ Azhikhanov,​ CEO​ of​ ABA​ Bank.​ "We​ are​ proud​ of​ our​ achievements​ and​ grateful​ to​ our​ loyal​ customers​ for​ their​ trust​ and​ support."

As​ the​ largest​ commercial​ bank​ in​ the​ Kingdom,​ ABA​ has​ gained​ recognition​ for​ delivering​ unparalleled​ digital​ financial​ services​ to​ various​ clients,​ including​ SMEs,​ microbusinesses,​ and​ individuals.​ As​ of​ 30​ June​ 2023,​ the​ bank's​ total​ assets​ surged​ to​ an​ impressive​ $10.4​ billion,​ while​ the​ total​ number​ of​ customers​ neared​ 3​ million.

About​ Euromoney's​ Awards​ for​ Excellence
Euromoney's​ Awards​ for​ Excellence​ were​ established​ in​ 1992​ and​ are​ the​ global​ benchmark​ for​ the​ banking​ industry.​ These​ annual​ awards​ cover​ over​ 20​ international​ product​ categories,​ best-in-class​ awards​ in​ all​ regions,​ and​ the​ best​ banks​ in​ nearly​ 100​ countries​ worldwide.​
Euromoney's​ award​ decisions​ are​ made​ by​ a​ committee​ of​ senior​ journalists​ chaired​ by​ Euromoney's​ editor,​ following​ the​ receipt​ of​ detailed​ submissions​ from​ market​ participants​ and​ extensive​ year-round​ research​ into​ the​ banking​ and​ capital​ markets​ in​ the​ region​ by​ editors,​ journalists,​ and​ research​ team.​

1​ ABA​ Bank​ is​ the​ largest​ commercial​ bank​ in​ Cambodia​ in​ terms​ of​ total​ assets,​ gross​ loans,​ customer​ deposits,​ and​ profitability​ based​ on​ the​ National​ Bank​ of​ Cambodia’s​ Annual​ Supervision​ Report​ 2022.