ABA​ Bank,​ a​ subsidiary​ of​ the​ National​ Bank​ of​ Canada,​ received​ the​ "Best​ Bank​ in​ Cambodia​ 2021”​ accolade​ from​ Global​ Finance,​ one​ of​ the​ world’s​ reputable​ financial​ magazines.​ This​ recognition​ becomes​ the​ seventh​ consecutive​ award​ of​ the​ Bank​ from​ Global​ Finance.

This​ top​ honor​ was​ given​ to​ ABA​ Bank​ for​ carefully​ attending​ to​ the​ needs​ of​ its​ customers​ and​ achieving​ better​ results​ each​ year​ while​ paving​ the​ groundwork​ for​ future​ success​ despite​ the​ global​ pandemic.

In​ selecting​ the​ best​ banks,​ the​ editors​ of​ Global​ Finance​ made​ the​ decision​ based​ on​ consultations​ with​ analysts​ around​ the​ world,​ objectively​ evaluated​ ABA​ Bank​ in​ a​ variety​ of​ factors​ including​ growth​ in​ assets​ and​ profitability,​ geographic​ reach,​ innovation​ in​ products,​ as​ well​ as​ on​ subjective​ criteria​ such​ as​ opinions​ from​ equity​ analysts,​ credit​ rating​ analysts,​ and​ others​ involved​ in​ the​ industry.

Among​ others,​ Global​ Finance​ noted​ the​ following​ achievements​ of​ ABA​ in​ 2020​ that​ helped​ it​ to​ secure​ the​ Best​ Bank​ title:

• Launch​ of​ the​ network​ of​ self-banking​ spots​ called​ ABA​ 24/7.​ Located​ in​ high-traffic​ areas,​ these​ spots​ allow​ ABA​ customers​ to​ deposit​ and​ withdraw​ cash​ and​ deposit​ bank​ checks​ issued​ by​ any​ Cambodian​ bank​ and​ save​ time​ on​ visiting​ the​ bank​ branches.
• Launch​ of​ numerous​ new​ useful​ features​ in​ the​ ABA​ Mobile​ app,​ including​ Instant​ Loan,​ multiple​ domestic​ and​ international​ money​ transfers,​ Visa​ Direct​ service,​ and​ Special​ Account​ Number.
• Launch​ of​ the​ PayWay​ Mobile​ app​ that​ allows​ businesses​ of​ any​ size​ to​ accept​ cashless​ payment​ in​ USD​ and​ KHR​ from​ their​ customers​ by​ generating​ QR​ codes​ on​ smartphones.
• Massive​ roll-out​ of​ self-banking​ facilities​ including​ Cash​ Recycling​ Machines,​ Cash-in​ Machines,​ and​ Check​ Deposit​ Machines.
• Boost​ of​ the​ QR​ code​ acceptance​ network​ throughout​ the​ country.​ By​ the​ end​ of​ 2020,​ more​ than​ 60,000​ merchants​ accepted​ cashless​ payments​ made​ via​ ABA​ PAY​ feature​ of​ ABA​ Mobile.

"It’s​ our​ honor​ to​ receive​ Global​ Finance’s​ the​ Best​ Bank​ in​ Cambodia​ 2021​ award​ after​ a​ year​ distinguished​ by​ challenges​ caused​ by​ the​ pandemic,”​ said​ Askhat​ Azhikhanov,​ CEO​ of​ ABA​ Bank.​ "It​ becomes​ a​ confirmation​ of​ the​ quality​ of​ our​ services​ and​ encourages​ us​ to​ keep​ developing​ innovative​ and​ competitive​ products​ and​ solutions​ for​ our​ clients,​ for​ whom​ we​ constantly​ strive​ to​ be​ even​ better.”

Joseph​ D.​ Giarraputo,​ Publisher​ and​ Editorial​ Director​ of​ Global​ Finance​ said,​ "Banks​ are​ playing​ a​ key​ role​ in​ economic​ recovery​ around​ the​ world.​ Our​ Best​ Bank​ awardees,​ such​ as​ ABA​ Bank​ is​ one​ of​ such​ banks​ highlighted​ as​ the​ leaders​ in​ restoring​ growth​ and​ mapping​ a​ way​ forward.​ This​ year’s​ evaluations​ are​ more​ important​ and​ valuable​ than​ at​ any​ point​ in​ the​ 28-year​ history,​ given​ the​ unprecedented​ economic​ conditions​ wrought​ by​ the​ global​ pandemic."