ABA Bank expands its network across Cambodia with four more branches

16/12/2013

ABA Bank expands its network across Cambodia with four more branches

ABA Bank announces its additional opening of three new full service branches in provinces, such as Takeo, Takhmao and Sihanoukville, and Chbar Ampov branch in Phnom Penh city.

Takeo is the fourth provincial full-service branch of ABA bank. It was opened in August 2013 and headed by Mr. Say Lim, Branch Manager. The branch captures the fast growing business needs in Takeo province offering the full range of banking products.

ABA Bank’s Takhmao Branch inauguration as the fifth provincial branch took place on 23rd November 2013, with the official license giving and ribbon cutting presided over by H.E. Cheav Tay, Kandal Province Deputy Governor and Mr. Rath Sovannorak (National Bank of Cambodia representative). For now, this branch is the main representative of ABA bank in Kandal province.

ABA Bank Sihanoukville Branch became the 6th provincial branch of ABA Bank in Cambodia.  The grand opening took place on 30 November 2013, with the official license giving and ribbon cutting presided over by H.E Kim Vada, Director General of Supervision Department of the National Bank of Cambodia (NBC), and H.E. Sbong Sarath, Preah Sihanouk Province Governor.

During his speech H.E. Kim Vada in particular stated, “ABA continues to operate in a safe and sound condition… Thus, I hope the opening of the Bank's new branches in 2013 is a response to customer's need of financial services. This achievement will also help the bank to get closer and provide more convenient services to its customers. Simultaneously, the bank is in compliant with NBC's prudential ratios, such as solvency ratio, liquidity ratio and large exposure loan ratio.”

Expanding its presence in Phnom Penh, ABA Bank also opened Chbar Ampov branch in mid of November. Situated in the locality’s business district, ABA Chbar Ampov branch is now ready to serve its clients headed by Ms. Nil Sokunthear, Branch Manager.

ABA bank branches opened recently will be providing a wide access of high quality financial services and a full range of banking products including deposits, loans, remittance, cards and more. ABA Bank is also adding more ATMs in corresponding areas for convenience of clients.

Commenting on the expansion, Mr. Askhat Azhikhanov, CEO of ABA Bank stated, “We had certain reasons for such an activity this year – regions are developing dynamically, the number of enterprises is growing, small business is strengthening. In short, people inevitably need for quality banking products and services. Therefore, we have decided long ago to broaden our network and cover these provinces. Our branch network is still expanding and up to 2017 the total amount will reach 40 outlets.”

Today ABA Bank’s branch network has expanded up to 15 branches across Cambodia. It includes 6 provincial branches in Siem Reap, Battambang, Kampong Cham, Takeo, Takhmao and Sihanoukville plus 9 full service branches within Phnom Penh.