Logo of Phnom Penh Post newspaper Phnom Penh Post - Hattha Kaksekar Limited increased its capital to US$150 million

Hattha Kaksekar Limited increased its capital to US$150 million

Content image - Phnom Penh Post
Hattha Kaksekar's Head of Office.

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.

MOST VIEWED

  • Body of woman killed in Bangkok returns

    The Cambodian embassy in Thailand is working to repatriate the body of a casino dealer who was shot dead in Bangkok on Monday night. Ministry of Foreign Affairs and International Cooperation spokesman Kuy Kuong told The Post on Wednesday that officials are preparing paperwork to

  • Chikungunya hits 15 provinces, says gov’t

    Ministry of Health spokeswoman Or Vandine said on Thursday that the chikungunya outbreak in the Kingdom has spread to 15 provinces. Some 1,700 people are now suspected to have the disease. Vandine urged people to prevent its further spread by eliminating shelters for the Aedes aegypti mosquitoes

  • Gov’t exempts visa A and B holders from Covid fees

    Airline passengers who are diplomats and officials of international organisations holding Type A and B visas for travel to Cambodia are exempted from paying Covid-19 testing fees, said the Ministry of Health in its latest adjustment of rules on Wednesday. Health Minister Mam Bun Heng

  • Bill covering dress code draws ire

    Ministry of Interior secretary of state Ouk Kim Lek responded on Tuesday to criticism concerning a draft law that would ban women from wearing overly revealing clothing, saying that input from all parties will be considered as the law moves through the promulgation process. Several

  • Passing the test: Is Cambodia’s education system failing its people?

    The Kingdom’s education system needs to grow its people but some flaws might stifle​ this growth Coming from the Khmer Rouge occupation, with the loss of many scholars and academicians and a collapsed government, the education system had to be reconstructed from scratch – one

  • What’s the deal with Cambodia and China’s FTA?

    Cambodia’s Free Trade Agreement (FTA) with China kicks off a series of FTAs in future but for now, critics wonder what else the parties could bring to the table apart from what it already has to date By the end of this year, Cambodia