Prime Minister Hun Manet Welcomes ABA Shareholder For High-Level Talks
On March 20, 2025, the delegation from the National Bank of Canada and representatives of ABA Bank paid a courtesy visit to Cambodian Prime Minister Hun Manet. The meeting reaffirmed both financial institutions' strong support for Cambodia's economic future.
The delegation visit at the Peace Palace was led by Laurent Ferreira, President & CEO of the National Bank of Canada. The dialogue with the Prime Minister encompassed various topics, including strengthening investment potential, promotion of sustainable economic growth, and investments in critical infrastructure and sustainability projects, as the National Bank of Canada is one of the largest foreign direct investors in Cambodia.
In his remarks, Ferreira praised the Cambodian government for the country's long-term economic development and continuous advancement. He also commended the government's focus on digital transformation and strengthening government partnerships.
"I express sincere appreciation to the Royal Government of Cambodia for its steadfast commitment to ensuring economic and social development," he said. “Cambodia's vibrant economy and supportive business climate have created ideal conditions for ABA's expansion. National Bank of Canada appreciates and praises the opportunity to operate in Cambodia and be a good example of a successful investment in the country.”
As one of Canada's largest banks and a shareholder of ABA Bank, National Bank of Canada reaffirmed its support for promoting investment and enhancing Cambodia's reputation as a secure and attractive investment hub. Ferreira emphasised that the bank's successful investment in a Cambodian financial institution has raised Cambodia's profile in Canada as a favourable investment destination. National Bank of Canada actively introduces Cambodia to its clients who explore international expansion, further strengthening confidence in the Kingdom's potential.
In August 2024, National Bank of Canada facilitated high-level meetings between Cambodian government officials and Canadian business leaders and investors. The Investment Roadshow, led by H.E. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), highlighted Cambodia's promising investment opportunities in the U.S. and Canada.
Another focus of the meeting was the ongoing partnership between ABA and the government in promoting digital transformation. The Bank emphasised its dedication to working with the government to implement innovative digital solutions, improving efficiency and accessibility across various sectors.
ABA Bank: Driving Economic Development
ABA Bank has solidified its position as a key driver of Cambodia's economic development, extending USD 8.5 billion in loans to vital sectors such as trade, tourism, manufacturing and agriculture. Beyond traditional banking, ABA also finances infrastructure projects that enhance the country's competitiveness.
Its recent financing includes green bonds supporting a solar farm to reduce electricity costs and strengthen Cambodia's regional standing. Additionally, ABA has provided financing to Techo International Airport, a transformative initiative to enhance economic connectivity and drive growth in tourism and logistics.
The bank’s collaboration with the government extends further, particularly in tax collection. As Cambodia’s largest tax-collecting bank, ABA facilitates 25 per cent of all tax payments and 10 per cent of all levies and customs duties through its nationwide branch network and digital banking platforms, reinforcing its role in strengthening the country’s fiscal operations.
ABA also stands out as a significant taxpayer, having contributed approximately USD 500 million since 2009. Recognised for its commitment to transparency and best practices, the bank has received a Gold Tax Compliance Certificate from the General Department of Taxation (GDT) for eight consecutive years.
Supporting Cambodia's Future Vision
Cambodia's economic outlook is promising. The Royal Government of Cambodia's ambitious Pentagonal Strategy and its vision to achieve Upper-Middle-Income Country status by 2030 set a clear and inspiring roadmap. ABA Bank says it stands ready to support these national objectives by promoting financial inclusion, fostering innovation, and enabling economic participation.
With the continued support of the Royal Government of Cambodia, ABA looks forward to realising the shared vision for a more prosperous and financially inclusive Cambodia.
This press release was supplied.