Battambang, February 17, 2023: Hattha Bank, the Kingdom’s second-largest commercial bank in terms of operational offices, organized the 25th General Assembly under the topic of “Reimagining Growth with Quality” on Friday, 17 February 2023 in Battambang Province. The event was attended by the board of directors, senior management, and the executive management of Hattha Bank with a total of around 500 participants.
This year’s General Assembly was organized to celebrate the accomplishments achieved by Hattha Bank in 2022, set out strategic plans for 2023, and express appreciation to the staff of all levels for their dedication throughout the entire year that brought Hattha Bank remarkable achievements. At the same time, this annual event served as a platform for the management of all levels to get together in a harmonious atmosphere to enhance the spirit of cooperation, solidarity, and brotherhood as one of the members of the Hattha Bank Family and to declare together the commitment to achieve goals of 2023.
Speaking at the 25th General Assembly, Oknha Huot Ieng Tong, President and CEO of Hatta Bank, said, “I am very proud of the incredible achievements our Hattha Bank Family has accomplished together in 2022 which include the launch of new products to meet the precise needs of clients, the improvements of existing products, the expansion of the KHQR merchant partners nationwide, continuant collaborations with strategic business partners, and most importantly the modernization of our banking technology particularly the Hattha Mobile 3.0 which is a vital step forward in our digital technology innovation that drives our banking services to be more vibrant, fast, and modern to meet the needs of our clients in the most efficient and satisfying way."
In addition to the above achievements, Hattha Bank has accomplished excellent financial results by the end of December 2022, including a net profit of USD 73.37 million (based on the CIFRS system), a total deposit balance of USD 1,331 million, and a loan portfolio of USD 1,936 million.
Oknha Huot Ieng Tong continued: “The year 2022 has been regarded as a stressful year in the business operation of Hattha Bank yet brought us substantial experiences that provide lessons and innovative ideas in our continuous efforts to strengthen and expand our business towards prosperity and sustainability with honor, dignity, and prestige.
All these remarkable achievements were accomplished during a period when the Cambodian economy as well as the world economy was facing a downturn due to the war in Ukraine and the disruption of the new variation of Covid 19 pandemic to the global trade and supply chain while the key industries around the world were going through the recovery phase after the long-going Covid-19 crisis. This underlines the ingenuity, dynamism, and strong leadership of Hatha Bank's senior management, the spirit of solidarity within the staff at all levels, and the strength of Hattha Bank as a mature and one of the leading banks in Cambodia.
He added: "I sincerely hope and remain optimistic that many achievements will be attained in this new year, and I strongly believe that we are ready and in the best position to carry out our work with courage, commitment, and innovation to achieve our corporate goals 2023 and to bring prosperity, prestige, and sustainable to building a bright future together."
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 500,000 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. The total number of customers using ATM cards is over 100,000 and the total number of customers using Hattha Mobile is more than 140,000. With a wide range of financial services to customers such as credit, deposit/savings, local money transfer services, local bank transfers, ATM services, mobile banking services, payroll services, as well as insurance agents, and many other financial services.
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.