Grand Opening of ABA Bank's New Central Branch on Monivong Boulevard
On Saturday, 3rd September 2011 the inauguration of ABA Bank's new Central Branch on Monivong Boulevard took place with the official license giving and ribbon cutting presided over by Lok Chumteav Neav Chanthana (Deputy Governor) of the National Bank of Cambodia.
Due to ABA Bank's status as the fastest organically growing bank in Cambodia the new Central Branch located at #443A on Monivong Boulevard has been specifically designated and designed as the main client service centre in order to provide greatly expanded servicing capacity for the bank's large and fast growing customer base.
This includes large premises with increased customer parking space, a modern interior and exterior design with advanced functionality, additional staff to enhance client servicing as well as expanded Loans and Remittance Departments, centralized Call Center facilities and two special VIP rooms for both retail and corporate clients.
The opening of the new Central Branch coincides with the recent international success for ABA Bank having been awarded the prestigious HSBC Global Payments and Cash Management 2010 Golden Award as well as being the first Cambodian bank to be selected in the category of “Retail Bank of the Year" in the history of the Asia Banking & Finance Retail Banking Awards in Singapore.
ABA Bank now has 9 full service branches in Phnom Penh, Siem Reap and Battambang as well as ongoing expansion plans to open new branches in Kampong Cham and other provinces in the near future.
About ABA Bank:
ABA Bank was established in Cambodia in 1996 and has since expanded with an ever-growing network of ATMs and other advanced banking technologies such as iBanking and eCare.
ABA has been the fastest organically growing bank in Cambodia for the last two years with assets growing from $51.7 million to $190 million from 2009 to Aug 2011. Bank deposits grew by a rate of nearly four times from $31.1 million at the end of November 2009 to $153.1 million in Aug 2011 whilst ABA also increased the amount of loans extended from $34 million to $94.5 million by December 2010.
ABA currently provides its customers with an extensive suite of products including flexible deposit accounts, fixed deposits, business loans, car loans, motorbike loans, property loans Visa and MasterCard.