Driving Green Economy Forward: ABA Bank Partners with ZO Motors Cambodia

ABA Bank, Cambodia's largest commercial bank and leading digital finance provider,entered a strategic partnership through a Memorandum of Understanding (MoU) withZO Motors Cambodia, a Japanese manufacturer and distributor of zero-emissioncommercial trucks and electric charging stations.

This partnership aims to provide ZO Motors Cambodia with a comprehensive suite offinancial services, including dedicated Chinese and Japanese-speaking relationshipmanagers, payroll service for office staff and factory workers, cash and liquiditymanagement services, and others. ABA will also integrate its KHQR on charging stationscreens of ZO Motors Cambodia nationwide to facilitate smooth and seamlesstransactions.

Moreover, ABA Bank will support ZO Motors, its suppliers, and customers with creditand refinancing facilities for further growth where needed.

The MoU signing ceremony was held on 5 December 2024, with the attendance ofABA's Chief Executive Officer, Askhat Azhikhanov, and ZO Motors Cambodia's ChiefExecutive Officer, Zhao Wenbo, and their respective teams at the ABA Bank HeadOffice.

By utilizing the Bank’s financial solutions, ZO Motors can boost its production anddistribution of electric commercial trucks, driving the transition from fuel-based vehiclesto electric technology and advancing the green economy in Cambodia.

These offerings address the growing demand for clean energy transportation andunderscore both parties’ commitment to supporting sustainable initiatives and boostingthe green finance sector.

“At ABA Bank, we are excited to partner with forward-thinking organizations like ZOMotors Cambodia, whose commitment to manufacturing zero-emission commercialvehicles demonstrates innovation and environmental responsibility,” stated AskhatAzhikhanov, ABA Bank's CEO.

“Our partnership with ZO Motors Cambodia represents more than a businessagreement; it is a shared commitment to shaping a sustainable future. We believe thiscollaboration will benefit our customers and contribute to the nation’s environmentalgoals,” he concluded.

“In the energy sector, ZO Motors Cambodia is steadfast in its mission to leadCambodia's transformation toward sustainability. ZO Motors Cambodia has launchedthe ‘100 Stations, 1,000 Chargers’ infrastructure initiative. Within the next two years, weaim to achieve comprehensive coverage of charging facilities across Cambodia’s major transportation networks and key cities," mentioned Zhao Wenbo, ZO Motor Cambodia'sCEO.

“This partnership embodies trust, mutual benefit, and shared ambition. ABA Bank’sexpertise and forward-thinking approach align seamlessly with vision of ZO MotorsCambodia. Together, we will explore new strategies for financial growth and createsustainable, scalable business models for the future,” Zhao continued.

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