The Banker names ABA as Cambodia’s Bank of the Year 2014
London, November 28, 2014 – ABA was named Bank of the Year 2014 in Cambodia by world’s premier financial magazine The Banker owned by Financial Times Group. The award recognizes ABA Bank’s efforts for providing innovative solutions to meet the clients’ needs, as well as demonstrating high-class service standards and growth in assets and market share. The awards were presented during the annual ceremony in London’s Intercontinental hotel last night, gathering the most prominent bank officials from all over the globe.
The judging panel of the publication particularly emphasized ABA’s technological advance as a means of catering to the needs of the customers and rapidly developing financial market. The award recognizes financial strengths of ABA Bank, its strong management, prudent risk approach and sound business model.
Askhat Azhikhanov, CEO of ABA Bank noted, “It is an outstanding achievement for us to become Cambodia’s Bank of the Year 2014 by The Banker. We are proud to receive the recognition that would not have been possible without the cohesive teamwork of ABA employees and their efforts to deliver the best to Cambodia. At the same time, we are very grateful to our clients for the trust they demonstrated to us. This award strengthens our confidence in ABA’s business model and encourages us in continuing the work to create the bank of the future and deliver on our customers’ expectations.”
Brian Caplen, editor for The Banker commented, "Congratulations to ABA Bank for winning our award in Cambodia. The bank has expanded at a rapid rate, more than doubling its branch network over the past 15 months, but at the same time, it has reduced its cost to income ratio. ABA has performed well in the highly competitive banking environment in Cambodia."
The Banker’s award joins the rank of trophies ABA Bank deserved this year. Earlier in 2014, Euromoney financial magazine named ABA as Best Bank in Cambodia 2014 for the strong market position and outstanding growth of its branch network over the year, as well as strong emphasis on delivering service quality and implementing new technological solutions.