Short information about the ASEAN Bankers Association. It was founded in 1976. Originally it had five members, namely Indonesia, Malaysia, Philippines, Singapore and Thailand, but Negara Brunei Darussalam joined as a member in 1984. In 1995, Vietnam was admitted into ASEAN as the seventh member and in May 1999, Cambodia was admitted as the eighth member. Myanmar was admitted as the ninth member in July 2001. In 2004, Lao Bankers’ Association was admitted as the tenth member thus making the constituent membership of the Association complete.
Objectives of ASEAN Bankers Association
- to raise the profile of ABA and the ASEAN banking community;
- to strengthen the ‘voice’ of ASEAN in policy advocacy efforts globally or regionally;
- to contribute to the ASEAN Economic Community (AEC), provide private sector support in alignment with AEC’s goal;
- to share banking ‘know-how’, provide education to promote best-in-class banking practices amongst members countries; and
- to promote active collaboration of ASEAN banking institutions, foster friendship and cooperation amongst bankers.
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