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Phnom Penh, May 9, 2023: Hattha Bank, a subsidiary of
Krungsri (Bank of Ayudhya PCL), the fifth-largest commercial bank in Thailand
and a member of the MUFG Global Financial Group, has maintained its credit
rating at BBB+/stable for six consecutive years. This rating is based on the
company's clear vision, corporate stability, and indicates that Hattha Bank has
a stable business operation and a strong position in the Cambodian market. Many
key indicators are taken into consideration, including the nationwide branch
network, diverse customer base, robust risk management systems, and strong
financial and cash flow management systems.
Mr. Wee Mun Seng, Acting
President, and CEO of Hattha Bank said "The result of this rating (BBB+) is a
testament that proves to our shareholders, customers, and the public that
Hattha Bank is pursuing the right business direction with high efficiency and
strong stability."
About
Hattha Bank:
Hattha
Bank, a commercial bank with a presence in Cambodia for 30 years, offers a
comprehensive array of financial services to its customers. By the end of 2023,
Hattha Bank held the position of the 4th largest commercial bank based on its
operational offices. Operating as a subsidiary of Krungsri Bank, the
fifth-largest financial group in Thailand with a 78-year history, Hattha Bank
benefits from its strategic membership in the Mitsubishi UFJ Financial Group
(MUFG), Japan's largest financial group and one of the world's largest
financial organizations.
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