ABA​ Bank​ becomes​ the​ Bank​ of​ the​ Year

08/12/2016

ABA​ Bank​ becomes​ the​ Bank​ of​ the​ YearABA​ Bank​ becomes​ the​ Bank​ of​ the​ Year
ABA​ Bank​ becomes​ the​ Bank​ of​ the​ YearABA​ Bank​ becomes​ the​ Bank​ of​ the​ Year
ABA​ Bank​ becomes​ the​ Bank​ of​ the​ YearABA​ Bank​ becomes​ the​ Bank​ of​ the​ Year

ABA​ Bank,​ one​ of​ the​ leading​ commercial​ banks​ in​ Cambodia,​ has​ won​ the “Bank​ of​ the​ Year​ 2016” award​ from​ The​ Banker,​ a​ world​ known​ financial​ publication​ based​ in​ London​ (UK).​ The​ award​ ceremony​ was​ held​ in​ London​ on​ December​ 07​ and​ gathered​ bankers​ from​ all​ around​ the​ world​ to​ celebrate​ their​ success​ and​ achievements.

The​ judges’ decision​ to​ choose​ ABA​ Bank​ is​ based​ on​ its​ financial​ strength,​ continuous​ introduction​ of​ innovative​ products,​ and​ the​ best​ business​ practices.​ The​ judges​ separately​ noted​ the​ success​ of​ the​ SMART​ banking​ platform,​ which​ provides​ ABA​ customers​ with​ easy-to-use​ remote​ banking​ and​ customer​ support​ tools​ available​ 24/7.

“It​ is​ an​ honor​ to​ be​ named​ as​ the​ Bank​ of​ the​ Year​ in​ Cambodia​ by​ the​ Banker​ magazine.​ This​ recognition​ reflects​ our​ performance​ in​ serving​ customers​ and​ signifies​ our​ achievements​ on​ providing​ the​ best​ digital​ financial​ solutions,” ​Mr.​ Askhat​ Azhikhanov,​ the​ CEO​ of​ ABA​ Bank​ said​ on​ the​ occasion.​ “This​ year,​ we​ continued​ to​ follow​ our​ sound​ business​ model​ and​ strategically​ continued​ to​ improve​ the​ self-banking​ facilities.​ I​ am​ also​ confident​ that​ our​ partnership​ with​ National​ Bank​ of​ Canada​ convinced​ the​ judging​ panel​ that​ ABA​ is​ a​ solid​ and​ the​ fastest​ growing​ bank in​ Cambodia”,​ he​ added.

Year​ 2016​ turned​ remarkable​ for​ ABA.​ In​ May,​ National​ Bank​ of​ Canada​ (NBC)​ became​ the​ major​ shareholder​ with​ 90%​ of​ ABA​ Bank​ shares.​ This​ partnership​ significantly​ increases​ ABA’s​ capital,​ supports​ its​ robust​ growth​ and​ brings​ unique​ expertise​ to​ ABA.​ It​ has​ also​ enabled​ the​ bank​ to​ provide​ thousands​ of​ loans​ to​ micro-,​ small​ and​ medium​ enterprises​ (MSMEs)​ empowering​ the​ growth​ of​ economy​ and​ social​ well-being​ of​ the​ country. As​ a​ result,​ ABA​ Bank’s​ number​ of​ accounts​ increased​ from​ 85,000​ at​ the​ end​ of​ 2015​ up​ to​ 155,000​ as​ of​ December​ 1,​ 2016.​ This​ growth​ shows​ the​ momentous​ potential​ of​ the​ Bank​ and​ clients’​ confidence​ in​ ABA.

“The​ Bank​ of​ the​ Year​ 2016”​ award​ from​ The​ Banker​ magazine​ joins​ a​ host​ of​ trophies​ that​ ABA​ has​ garnered​ previously​ in​ 2014.​ In​ addition,​ ABA​ Bank​ has​ won​ Euromoney’s​ “Best​ Bank​ in​ Cambodia"​ award​ for​ the​ last​ three​ consecutive​ years​ and​ received​ the​ accolade​ from​ Global​ Finance​ as​ “Best​ Bank​ in​ Cambodia” in​ 2015​ and​ 2016.​