Krungsri Acquires 100% of Hattha Kaksekar Limited in Cambodia
Triple Jump is pleased to announce Krungsri’s (Bank of Ayudhya PCL) acquisition of Hattha Kaksekar Limited (HKL), a leading microfinance institution in Cambodia. In 2008, Triple Jump made its first equity investment in HKL, and has subsequently supported them with additional capital over the years.
Due to the successful growth of HKL, the Triple Jump investee was ready for the next stage of development, hence being acquired by Krungrsi. For Krungrsi, this acquisition aims to capture additional business opportunities and support their regional expansion. HKL has been positively contributing to robust growth and development in the Cambodian financial system. Now, HKL will be further developed to become a much larger microfinance service provider with an even more robust operating platform, assisting customers to succeed in their businesses with suitable financial products and services.
HKL is the fourth largest microfinance institution in Cambodia offering both loan and deposit products to customers. As of 31 December 2015, HKL has USD 446 million of total assets, and a total loan book of USD 364 million. HKL has consistently increased its deposit base, which stands at USD 238 million as of 31 December 2015.