Public announcement on Flexi Deposits opened with promotional interest rate
Dear valued customers,
We would like to inform you that effective from 1 October 2018, ABA Bank reduces the interest rate of Flexi Deposits opened with promotional interest rates (in total, it will affect around 11,300 customers).
The reduction of the interest rate will follow the below conditions:
|Existing Interest Rate (p.a.)||New Effective Interest Rate (p.a.)|
The reduction of the interest rate is made considering the following factors:
- Due to excess of liquidity in domestic banking market resulted from steady economic growth and investments in the Kingdom, many banks have been reducing their savings and fixed deposits interest rates.
- ABA Bank has found itself in the over liquidity position as well. This is due to not only overall growth of Cambodian economy, but also ABA shareholders’ capital investments, credit lines from international capital markets, increasing credibility of ABA having the highest in Cambodia credit rating, continuous branch network and business expansion.
- Despite the revision of the interest rate, ABA still offers the most competitive and highest saving interest rate in the Cambodian market. The Bank’s value proposition to our valuable customers also includes cutting-edge digital banking solutions such as ABA Mobile banking app, iBanking service, Virtual Cards, ATMs and Cash-in Kiosks that provide you with access to your funds 24/7, as well as a wide branch network across the country with some of the branches working 12/7. Alternatively, in order to maximize your return on investment with ABA, we recommend you to use our Fixed Deposit with variety of tenors depending on your financial needs.
For any questions related to these changes, please reach your Relationship Manager, email us at info(at)ababank.com or call our Contact Centre available 24/7 for you at 023 225 333.
Thank you for banking with us!