Bank of Ayudhya (Krungsri) injected 30 million USD to Hattha Kaksekar Limited to boost HKL’s growth 2018

Phnom Penh 25 February 2018: Hattha Kaksekar Limited, the leading microfinance institution in Cambodia, recently injected its registered capital up to USD 30 million, making its net worth to USD 150 million. This additional funds was put in by early 2018 to support company business initiative with aim to further provide financial services to demanding market as well as to remain a strong positioning of HKL in Cambodia financial services industry.

Oknha Hout Ieng Tong, President and CEO of HKL said that we were informed that the newly capital injection was resulted from backbone support of Krungsri Bank, HKL’s parents Company, and was recognized as second capital top-up due to the satisfaction from parents company on HKL business performance in 2017. With seriously understanding on HKL business direction 2018, Krungsri had a positive expectation that he newly added capital would contribute to HKL to further growth both in short and long term. In response to this solid support, he on behalf of HKL management and staffs would like to express profound thanks to the parent company, Krungsri Bank, and committed to achieve business target, aligned with group business initiatives. He added "Having a strong supporting shareholder contributes a great deal in building customer’s confidence and trust on HKL, especially deposit collection. Moreover, HKL will utilize it to boost growth SME and consumer finance, new un-tapped market segment.”

About Hattha Kaksekar Limited:
HKL is the third largest microfinance institution in Cambodia, licensed by National Bank of Cambodian (Central Bank). HKL’s core business services include credit and deposit products, featuring ATM, local money transfer, mobile banking, payroll, micro insurance, collection and other financial services. As of December 2017, HKL deposit balance was more than USD 367 million (225,960 depositors), while credit portfolio was more than USD 576 million (123,618 borrowers). In 2016, HKL was acquired by Bank of Ayudhya (Krungsri), the fifth largest commercial bank in Thailand and a strategic member of Mitsubishi UFJ Financial Group (MUFG), Japan’s largest banking group and one of the world’s largest and most diversified financial groups.

Annual Report 2016
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ATM Network
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Achievement YTD 31 Dec 2017
Number of Office 168
Headquarter 1
Branches Office 59
Sub-Branches Office 109
Total Number of Staff 2,983
Male 2,131
Female 1,008
Loan Outstanding USD 579 M
Number of Active Borrower 123,618
Deposit USD 367 M
Active Customer 225,960
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