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Phnom Penh, April
28, 2023: Hattha Bank, one of Cambodia's
leading commercial banks, has maintained the company’s credit rating at
BBB+/stable for five consecutive years based on its clear vision and corporate
stability and the improved rating from "A-" to "AA+" based
on loan data collection. This rating indicates that Hattha Bank has a stable
business operation and a strong position in the Cambodian market. Many key
indicators are taken into account, including the nationwide branch network,
customers from all walks of life, good risk management systems, and strong
financial and cash flow management systems.
Oknha Hout Ieng
Tong, President, and CEO of Hattha Bank
said, "The result of this rating (BBB +) is a testament to our
shareholders' commitment to pursue the right business direction and high
efficiency. I am confident that this rating will enable Hattha Bank to raise a
variety of source capital funding to contribute to the further growth of our
business.
About Hattha Bank:
Hattha Bank officially transformed from Hattha Kaksekar Microfinance
Institution Limited into a commercial bank in August 2020 after providing
financial services in Cambodia for nearly 30 years. As of January 2023, Hattha
Bank has a total of 177 branch offices, 143 ATMs, and over 643 thousand
customer accounts with a total portfolio of more than USD 1.9 billion and a
total savings portfolio of more than USD 1.3 billion. Hattha Bank provides a
wide array of financial services for clients including loans, deposits,
domestic money transfers, cross-bank transfers to local banks, cross-border
remittance, ATM service, Mobile Banking, payroll service, as well as the
referral agent of insurance service, and much more. Hattha Bank is a subsidiary
of Krungsri Bank, the fifth-largest commercial bank in the Kingdom of Thailand,
and a member of the Mitsubishi UFJ Financial Group (MUFG), Japan's largest financial
group and also one of the largest financial services alliances in the world.
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