News

ABA reports strong Q4 earnings

Advanced Bank of Asia Limited (ABA Bank) reported a pre-tax profit increase of 19.12 percent to $50.2 million in its quarterly report released yesterday. ...

Husain Haider
https://www.khmertimeskh.com/50814559/aba-reports-strong-q4-earnings/

Youth job programme has nearly 400 openings

The Ministry of Labour and Vocational Training has announced cooperation with three companies to provide nearly 400 job opportunities for the country’s youth, organised into a monthly job interview programme set to begin on February 17. ...

Long Kimmarita
https://www.phnompenhpost.com/national/youth-job-programme-has-nearly-400-openings

Extra $120 mln in capital for ABA Bank

National Bank of Canada has injected an additional capital investment of $120 million to support the further growth of Cambodia-based ABA Bank. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50709858/extra-120-mln-in-capital-for-aba-bank/

Banks step in to fight the spread of COVID-19

ABA has launched a dedicated COVID-19 fund for people to donate easily using their ABA Mobile application aiming to raise $5,000 after which ABA will double the funds to $10,000 and transfer the raised sum to the Ministry of Health for medical supplies to mitigate ...

Yeshi Dema
https://opendevelopmentcambodia.net/wp-admin/post-new.php?post_type=news-article

ABA bank gets capital boost

With a $148 million injection of capital through a Share Purchase Agreement, National Bank of Canada (NBC) now holds a 90 percent stake in ABA Bank, according to ABA and NBC executives, who ensured that the agreement will not alter ABA Bank’s strategy but enhance ...

Sum Manet
http://www.khmertimeskh.com/news/24800/aba-bank-gets-capital-boost/

Pay&Go Aims to Streamline Bill Payments With New Services

A local company has begun working in cooperation with ABA bank to streamline payments for services such as electricity bills and mobile phone top-ups by allowing people to pay through its website, mobile applications and electronic kiosks. PayGo SEA (Cambodia) Co. Ltd., which operates under the ...

Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/paygo-aims-to-streamline-bill-payments-with-new-services-44794/

Former Manager Admits Stealing $2.3M From Canadia Bank

The former manager of Canadia Bank’s credit section has admitted to stealing $2.3 million from the bank’s accounts, the suspect’s lawyer said Tuesday, in what is one of the largest embezzlement schemes ever undertaken in Cambodia’s nascent banking industry. The testimony from Yeth So­pheaktra, 30, to ...

Eang Mengleng and Colin Meyn
http://www.cambodiadaily.com/news/former-manager-admits-stealing-2-3m-from-canadia-bank-44689/

Three Charged for $2.3 Million Embezzlement From Banks

The former manager of Canadia Bank’s credit section, along with two accomplices at the bank, were charged Thursday with theft and forgery for allegedly embezzling about $2.3 million from ABA and SBC banks, according to municipal court and police officials. “The deputy [municipal court] prosecutor has ...

Eang Mengleng
http://www.cambodiadaily.com/news/three-charged-for-2-3-million-embezzlement-from-banks-44403/

Malaysia Firm Buys Majority In Yellow Pages

The owner of Cambodia Yellow Pages has agreed in principle to sell a 51 percent stake to the subsidiary of Malaysian technology firm CBSA Bhd. in a deal worth $2.04 million, an official at the company said Monday. According to a disclosure last week from CBSA ...

ABA Bank wins Cambodia retail bank of the year award

ABA Bank has been awarded “Cambodia Retail Bank of the Year” award by this year’s Asia Banking & Finance Retail Banking Awards. With 150 bankers from across Asia on hand to congratulate the winners in Singapore, ABA Bank Deputy Chief Executive Officer Askhat Azhikhanov said ...

http://www.phnompenhpost.com/index.php/2011080250789/Business/aba-bank-wins-cambodia-retail-bank-of-the-year-award.html

Growth in vehicle sales fuelled by bank loans, dealers say

Commercial banks are providing more loans for vehicle purchases, leading to a jump in car sales this year, according to dealers. While the improved domestic economy and effects of the March disasters in Japan on its competitors had improved sales figures of Great Wall vehicles, ...

http://www.phnompenhpost.com/index.php/2011070450153/Business/growth-in-vehicle-sales-fuelled-by-bank-loans-dealers-say.html

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