Cambodia Investment Review
ABA Bank, the country’s largest commercial bank[1], officially inked a Memorandum of Understanding (MoU) with the Angkor Hospital for Children (AHC) to contribute $60,000 for three years to support the Hospital’s commitment to the health and well-being of Cambodian children.
The signing ceremony was held at ABA Bank’s Head Office on 16 August 2024, with the esteemed presence of Dr. Ngoun Chanpheaktra, Director & CEO of Angkor Hospital for Children, Igor Zimarev, ABA Bank’s Chief Marketing and CSR Officer, and the respective teams from both entities.
Provide Financial Assistance Of $20,000 Per Annum
This partnership outlines a comprehensive three-year plan under which ABA Bank will provide financial assistance of $20,000 per annum to the AHC Endowment Fund. This support aims to ensure that the hospital has sufficient funding for the long term, enabling it to maintain and expand its high-quality healthcare services for children in the future.
This support can facilitate the expansion of medical treatments and services to a broader range of children across Cambodia, regardless of their socioeconomic background.
“We at ABA are pleased to announce the contribution of $60,000 over the next three years to the AHC Endowment Fund to support the vital work of the Hospital,” commented Igor Zimarev, Chief Marketing and CSR Officer of ABA Bank. “Our partnership with AHC is more than just financial support; it is about being part of a community dedicated to making a difference in our children’s lives. We believe that every child deserves access to quality healthcare, and we are committed to playing our part in making this a reality.”
Provide Quality, Compassionate Care For Many Children
Dr. Ngoun Chanpheaktra, AHC Hospital Director & CEO, shared his impression, “We’re incredibly excited about deepening our partnership with ABA Bank, who have already been such supportive partners. This MoU will strengthen our relationship, allowing us to provide quality, compassionate care for many children that need our help for a long time.”
The Bank has a longstanding history of supporting AHC’s noble mission. In addition to the financial contribution, the Bank has integrated a donation tool into its ABA Mobile app, making it convenient for ABA customers to support the Hospital via their smartphones.
By supporting AHC, ABA not only contributes to the immediate healthcare needs of Cambodian children but also invests in the long-term sustainability of pediatric services in line with its Corporate Social Responsibility (CSR) framework.
[1] ABA Bank is the largest commercial bank in Cambodia in terms of total assets, gross loans, customer deposits, and profitability based on the National Bank of Cambodia’s Annual Supervision Report 2021-2023.
