ABA Bank, one of the leading commercial banks in Cambodia,proudly announces that it has received the “Fastest Growing Trade Finance Bank in Cambodia” award from the London-based Global Banking and Finance Review Magazine.
World class panel of judges evaluated and chose ABA Bank as the winner in Cambodia based on such criteria as significant growth in trade finance deals and activities, profitability, strategic relationships, and financial results.
ABA’s total volume of trade finance transactions in 2015 increased to 165% as compared to 2014. In 2016, the growth rate increase was 803% as compared to 2014 and 240% as compared to 2015 due to the introduction of new products and various dealings with foreign banks. Moreover, within the last 3 years ABA has expanded its trade finance team by hiring highly experienced professionals.
Speaking about the award, the Bank’s Chief International Relations Officer, Zhiger Atchabarov said, "I am proud of this award from Global Banking and Finance Review, which reflects the bank’s exemplary performance in the market. I would rate the major strengths of our bank as our dedicated staff, their dynamism and team work. We will redouble our efforts to ensure that we continue on the path to success.”
ABA Bank is one of Cambodia's premier banking institutions founded in 1996 as the Advanced Bank of Asia Limited. ABA Bank is now a multi-branch network universal commercial bank offering a full range of products and services to all Cambodians. Currently ABA Bank provides full financial services through nationwide network of 33 branches with 5 more outlets scheduled to open before the end of 2016.