Canadia or Aba or ?

Whether you're a working stiff or a business owner yourself, this is the place to discuss all aspects of financing your drinking habit ;-)

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PSD-Kiwi
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Re: Canadia or Aba or ?

Post by PSD-Kiwi » Sun Mar 18, 2018 5:08 pm

Pretty sure ABA is now majority owned by The National Bank of Canada (or something like that).

I've banked with Acleda, Canadia and ABA... As I've said in many previous posts, ABA shits all over the other 2 and that's why I've stayed with them.
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Re: Canadia or Aba or ?

Post by armchairlawyer » Sun Mar 18, 2018 6:03 pm

Kammekor wrote:
Sun Mar 18, 2018 5:02 pm
armchairlawyer wrote:
Sun Mar 18, 2018 4:57 pm
I have had accounts with both for many years. For me, Canadia has offered the better experience but not by a large distance. Also, I would trust Canadia more in an economic crisis, ABA don't have such deep roots in Cambodia. The bigger MDIs are worth considering when they offer better rates on fixed deposits but they would be riskier than Canadia.
If it's about safety, I'd use ACLEDA. At least it's partly owned by foreign Western banks. And it has by far the largest network in the Kingdom.
Acleda and ABA are the only Cambodian banks with credit ratings from Standard and Poor's. Acleda has B (stable outlook), ABA got a B (negative outlook). ABA also got a B+ from Dagong. Canadia is not rated. It is regarded as solid, however. Of course B is not very high by international standards.

Most of the MDIs have substantial foreign ownership and some foreign management, look at Hatha and Sathapana.
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Re: Canadia or Aba or ?

Post by cautious colin » Sun Mar 18, 2018 6:26 pm

PSD-Kiwi wrote:
Sun Mar 18, 2018 5:08 pm
Pretty sure ABA is now majority owned by The National Bank of Canada (or something like that).

I've banked with Acleda, Canadia and ABA... As I've said in many previous posts, ABA shits all over the other 2 and that's why I've stayed with them.

Yes, 90% owned by the national bank of Canada.

I would choose ABA out of all the options within Cambodia. Currently bank with ANZ royal but wouldn't recommend and will move soon

ANZ were trying to sell me a credit card a couple of days ago. Was looking promising until I enquired about the cost, $100 annual fee & balance limited to what I have in my account. Still trying to work out the point of it
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Re: Canadia or Aba or ?

Post by Heng Heng Heng » Sun Mar 18, 2018 6:55 pm

I've been with ABA for many years. Lots of ATMs, no problems booking hotels, flights, Aliexpress, etc with ABA Visa debit card.
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Re: Canadia or Aba or ?

Post by armchairlawyer » Sun Mar 18, 2018 7:23 pm

National Bank of Canada has an A-1 rating from Standard and Poor's, which is several grades up from ABA's B rating. Which goes to show that NBC is able to walk away if its subsidiary got into trouble.
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Re: Canadia or Aba or ?

Post by atst » Wed Mar 21, 2018 10:44 am

From my experience transfering from Australia, Canada bank has $10 intermediary bank fee but ABA has $25
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Re: Canadia or Aba or ?

Post by PSD-Kiwi » Wed Mar 21, 2018 11:22 am

atst wrote:
Wed Mar 21, 2018 10:44 am
From my experience transfering from Australia, Canada bank has $10 intermediary bank fee but ABA has $25
Intermediary bank fee depends on the intermediary bank which your transfer is routed through, nothing to do with the receiving bank fees.
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Re: Canadia or Aba or ?

Post by atst » Wed Mar 21, 2018 11:56 am

Nobody could tell me who the intermediary bank was and how I could choose which one so I just continued using Canadia. I used world first to transfer the money from Australia to Cambodia
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Re: Canadia or Aba or ?

Post by MrKikilu » Wed Mar 21, 2018 1:58 pm

Canadia is everywhere ABA isn't
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Re: Canadia or Aba or ?

Post by PSD-Kiwi » Wed Mar 21, 2018 2:05 pm

MrKikilu wrote:
Wed Mar 21, 2018 1:58 pm
Canadia is everywhere ABA isn't

There are ABA branches in almost all provincial capitals, also many smaller towns and they are branching out, they also have the largest network of ATMs in the country I believe.
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