ABA Bank Report Q1, 2021

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CEOCambodiaNews
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ABA Bank Report Q1, 2021

Post by CEOCambodiaNews »

ABA earned more than $ 116 million in the first quarter of this year, profit of more than $ 47 million

2021-05-17 06:20 pm
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(Phnom Penh): In the first quarter of 2021, Vattanac Asia Bank Limited (ABA Bank) earned a total revenue of 473,818 million Riels (over 116 million US dollars) and a profit of over 47 million US dollars. According to a report by ABA Bank.

A report obtained by Fresh News today states that in the first quarter of 2021, 11,453 US $ 505.1 million in loans were disbursed.

As of the first quarter of 2021, the revised ABA loan amounted to 10,498 US $ 537 million.

By the end of the first quarter of 2021, ABA in Cambodia had total assets increased by 7.1% compared to the fourth quarter of 2020 and reached $ 6.6 billion.
Fresh News item (translated)
http://www.freshnewsasia.com/index.php/ ... 20-00.html
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truffledog
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Re: ABA Bank Report Q1, 2021

Post by truffledog »

any reputable company audited ABA? I wonder if NPL and other assets were impaired to show true and fair value? Or is it a self declaration?
work is for people who cant find truffles
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Alex
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Re: ABA Bank Report Q1, 2021

Post by Alex »

Congratulations. Next time, pay me more interest, you tight bankster fucks.
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Re: ABA Bank Report Q1, 2021

Post by ExPenhMan »

Owner of ABA Bank, National Bank of Canada, will report its second quarter results on May 28. It's fiscal Q1, ended Jan 30, mentions this about ABA:
ABA Bank's net income was up 39% year-over-year, driven by strong growth in loans and deposits. We are pleased to announce that ABA was named Best Digital Bank in Cambodia of 2020 by Euromoney recognizing the excellence of ABA's digital platform for the second year in a row. Our international segment is well positioned to deliver double-digit earnings growth again this year.
Not much else, except NBC feels ABA has a lot of loan growth potential.

Source (limited access; massive transcript file): https://seekingalpha.com/article/440876 ... transcript
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