ABA Bank has emerged as the primary and largest investor in Cambodia’s inaugural agricultural bonds, an offering successfully launched by Daun Penh Agrico. This significant investment underscores the bank’s unwavering commitment to supporting crucial strategic sectors vital for the Kingdom’s sustainable economic development.
The capital infusion from this investment is earmarked for financing the expansion of cultivated land and modernizing processing infrastructure specifically for fruit crops. These include bananas, pineapples, and mangoes, cultivated in Ratanakiri province, a region recognized for its substantial agricultural potential in northeastern Cambodia. The project is strategically designed to fortify Cambodia’s export capabilities, strengthen its national agricultural value chain, and generate vital employment opportunities for local communities within the province.
ABA Bank’s active participation in this bond issuance highlights its strategic objective to be a proactive force in delivering sophisticated structured financial solutions and robust capital market solutions. The bank aims to provide long-term funding for projects that promise sustainable returns, aligning closely with national priority sectors designated for economic progress and stability.
Daun Penh Agrico, the issuer of these pioneering bonds, operates as a wholly-owned subsidiary of Truong Hai Agriculture Joint Stock Company (THACO AGRI), which is the agricultural arm of Truong Hai Group Corporation (THACO), a leading diversified conglomerate across the region. The successful issuance of these agricultural bonds signifies a crucial step forward for Cambodia’s agricultural sector. It reflects a continuous evolution towards a more structured, modernized, and scalable industry, poised to attract further institutional capital and investment.
Mr. Zhiger Atchabarov, Chief Operating Officer and Deputy CEO of ABA Bank, commented on the development, stating, “This investment eloquently reflects ABA Bank’s strategic vision and our long-standing commitment to nurturing sectors that yield both profitable and significant socio-economic value. By broadening our engagement into structured project financing, we are determined to enhance Cambodia’s export potential, foster job creation, and meaningfully contribute to the maturation of the domestic capital market.”
Building upon this landmark achievement, ABA Bank has affirmed its steadfast commitment to actively support future bond issuance projects and multi-million dollar structured financing initiatives. These endeavors will continue to target key sectors across the Cambodian economy, reinforcing the bank’s role as a trusted financial institution. ABA Bank is prepared to collaborate with businesses seeking expansion, stability, and long-term investment, thereby supporting Cambodia’s real economic sectors and its overarching sustainable development goals.
ABA Bank holds the position as Cambodia’s largest commercial bank, measured by total assets, deposits, and loans, as per the National Bank of Cambodia’s review reports from 2021-2024. The bank operates an extensive network comprising 105 branches, 46 ABA 24/7 self-service locations, and over 1,900 ATMs nationwide. Its advanced online banking and modern mobile banking applications serve over 6 million customers, providing a diverse range of contemporary financial services.
Daun Penh Agrico, a pivotal entity within THACO AGRI in the Kingdom of Cambodia, currently manages a significant model agricultural project in Ratanakiri province, spanning a total area of 7,376 hectares. The company is actively developing a large-scale, integrated, and circular agricultural ecosystem. This system is founded on organic farming principles and extensively utilizes mechanization and digitalization to supply both fresh and processed fruit products for both domestic and international export markets.
