Global Finance, international financial magazine, has praised ABA Bank as the “Best Bank in Cambodia 2018” during its 25th Annual Best Bank Awards. This recognition marks the fourth consecutive time for ABA to receive the top award from this prominent financial publication
For this top award, Global Finance has objectively evaluated the bank in several key areas including growth in assets, profitability, geographic coverage, strategic relationships, new business development, and innovation in products. In addition to these objective criteria, opinions of equity analysts, credit rating analysts, banking consultants, and others involved in the industry were included in the selection process as part of the subjective criteria.
“We are honoured for being recognised by Global Finance magazine for the fourth time in a row. We see it as an endorsement to our professional excellence, our effort to improve financial inclusion in Cambodia, and our commitment to always deliver quality service and innovative financial solutions to our valued customers,” Askhat Azhikhanov, chief executive officer of ABA Bank commented on the occasion. “We will continue our work to be the banking partner and the digitally-driven financial solution provider to individuals, entrepreneurs, and businesses in Cambodia,” he added.
“ABA is clearly the leading bank in Cambodia, according to both our algorithm and our analysis. We were impressed by the solutions it offers as well as its customer service, and particularly by its understanding of local conditions and the needs of customers in its market,” said Joseph D. Giarraputo, Publisher and Editorial Director of Global Finance, adding that “the quality of its leadership also shines through in its financial results.”
The Best Bank Awards ceremony will be held in conjunction with the IMF/World Bank Annual Meetings on 13 October in Bali, Indonesia. The complete list of Global Finance’s Best Bank awardees in 2018 will be published in the magazine’s May issue.
ABA Bank has been continuously praised by international financial publications for consistent implementation of its strategy and streamlining its businesses to offer cutting-edge services in the Cambodian market. Thus, Global Finance magazine awarded ABA the “Best Bank in Cambodia” in 2015-2018 and Cambodia’s “Best Trade Finance Provider” in 2017-2018. Additionally, ABA Bank was bestowed with “The Best Bank in Cambodia” award by Euromoney in 2014-2017 and “Bank of the Year” award by the Banker magazine in 2014 and 2016.