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.
