Hattha Kaksekar Limited increased its capital to US$150 million
Hattha Kaksekar Limited increased its capital to US$150 million
Having been in the market for more than 20 years, with its vision to help its clients to succeed in their businesses by providing suitable financial services to contribute to the economic development of Cambodia and fulfill the needs of customer as well as to develop wide range of financial services, Hattha Kaksekar Limited recently has injected a new added capital of US$ 45 million, thus make its total capital hit to US$ 150 million.
This capital is another new investment from Bank of Ayudhya (Krungsri), a member of Mitsubishi UFJ Financial Group (MUFG), Japan’s largest banking group; and one of the largest and most diversified financial groups in the world. Via this investment, it illustrates the strong belief of Krungsri to the leadership and management of HKL to move itself to the next higher level and serve more people after acquiring HKL in 2016. Krungsri also hopes this will help contribute the economic development of the Kingdom of Cambodia.
Okhna Hout Ieng Tong, President and CEO of HKL expressed that this newly added capital of USD 45 million will allow HKL to continue to grow and maintain its strong leading base in the country and fulfill HKL vision and mission. More importantly, this achievement would help HKL not only guarantee its business sustainability, but also ensure trustworthiness for HKL’s customers, investors, and the public. These achievement cannot be reached without support of related stakeholders.
In this occasion, Okhna Hout Ieng Tong would like to express his gratitude and sincere thanks to the Royal Government of Cambodia, the National Bank of Cambodia and regulators for their support and encouragement to make this one of the new success of HKL.
Mr. Dan Harsono, Krungsri Head of Retail and Consumer Banking, and Chairman of HKL said "This additional USD 45 million capital injection reiterates Krungsri confidence in the growth and stability prospects of the financial system and Cambodian economy at large. We look forward in continue being the engaged and supportive partner of HKL."
About Hattha Kaksekar Limited:
HKL is the third largest micro-finance deposit-taking institution in Cambodia, licensed by National Bank of Cambodia.
Having been operating for more than 20 years in the market, HKL is one of the leading MFIs to provide diversified financial services to micro and small business and consumer such as micro & small business & agri-culture loan, SME Loan, housing loan, home improvement loan, Savings & Deposit, Money Transfer and other financial services through its 178 branches and 129 ATM (24/7) terminal nationwide.
HKL also has an easy and smart mobile banking to serve customer anywhere anytime. As of June 2018, HKL deposit balance stood at USD 409 million with 227,679 depositors, while credit portfolio accounted for USD 660 million with 135,345 borrowers. HKL’s total asset was USD 804 million.
In 2016, HKL is subsidiary company a wholly-owned of the fifth largest bank in Thailand, Bank of Ayudhya (Krungsri), a member of MUFG Bank, Japan’s largest banking group; and one of the largest and most diversified financial groups in the world.
