ABA Bank Sets Global Benchmark With Elite Quality Recognition Award 2025 From JP Morgan
As the largest commercial bank in Cambodia, ABA Bank has once again been honoured with the esteemed Elite Quality Recognition Award 2025 from JP Morgan, a world-renowned financial institution from the United States.
Having received the award for six consecutive years, ABA has consistently maintained industry-leading straight-through processing (STP) rates by investing in advanced technology and enhancing its payment systems. In 2024, the Bank achieved an STP rate of 99.81 per cent for USD clearing, reaffirming its commitment to delivering secure and efficient cross-border transactions for customers.
On November 25, 2025, JP Morgan's regional team handed over the trophy and certificate for the Outstanding Achievement of Best-in-Class MT103 STP Rate 99.81 per cent at ABA Bank's Head Office.
During the meeting, Zhiger Atchabarov, ABA's Deputy CEO, EVP, and Chief Operating Officer, stated, "Receiving this award for six consecutive years affirms ABA's commitment to exceptional service. With a 99.81 per cent STP rate in remittance transactions, it reflects our efforts in making payments fast, reliable and spotless for our customers."
“Looking ahead, we will continue to evolve and ensure that individuals and businesses alike can rely on ABA for world-class financial solutions that are both seamless and secure," he added.
Giang Bui, Executive Director – FIG Sales at JP Morgan, commented, “This benchmark is a key indicator of a high level of efficiency, accuracy, and standardisation in international payments processing from ABA. It helps minimise risks, reduce errors, and enhance operational performance.”
“This recognition not only highlights current successes but also encourages ABA and J.P. Morgan to work more closely together to deliver new solutions, promote global trade, improve transaction efficiency through technology, and provide greater value to customers,” he added.
ABA's outstanding performance in payment processing and operational excellence continues to drive Cambodia's financial growth and strengthen its recognition from international institutions. As the first and only Cambodian bank to receive and retain this title, ABA highlights the nation's ability to compete among leading players in the global banking community.
This press release was supplied.
