Battambang, December 24, 2024 – 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 signed a Memorandum of Understanding (MoU) with the National University of Battambang (NUBB) to foster a collaborative partnership aimed at promoting education, financial literacy, and human capital development. This strategic collaboration highlights the shared commitment of both institutions to contribute to Cambodia’s socio-economic growth.
The MoU outlines key initiatives for educational and financial development. Hattha Bank customers will enjoy exclusive tuition discounts at NUBB, enhancing access to higher education. Both companies will promote each other’s services and raise awareness of financial literacy through joint campaigns.
Speaking about the partnership, Mr. Sean Thorninn, Chief Sale and Distribution Officer of Hattha Bank, said “This MoU signifies our commitment to strengthening Cambodia’s human capital development by making education more accessible, improving financial literacy, and supporting the future workforce. By collaborating with NUBB, we aim to empower the beneficiaries, and the broader community with access to vital educational and financial services.”
H.E. Sok Khorn, Rector of National University of Battambang, also emphasized the importance of the partnership, stating “We are excited to join hands with Hattha Bank to offer our students more opportunities for growth and learning. This collaboration not only supports our students’ educational journeys but also helps bridge the gap between academia and industry, ensuring that our graduates are well-prepared for the modern workforce.”
This MoU aligns with Cambodia’s broader goals of advancing financial inclusion, education, and human capital development. By promoting access to education and fostering financial literacy, the partnership contributes to the country’s socio-economic development and helps build a more inclusive, knowledge-driven society.
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. Operating as a subsidiary of Krungsri, Hattha Bank is proud to announce the opening of the newly completed Hattha Bank Tower, located on Samdech Techo Hun Sen Blvd (60-meter road) in Phnom Penh. This tower is equipped with state-of-the-art facilities and designed to provide a seamless and exceptional banking experience, offering unparalleled comfort and convenience to meet all customer financial needs.
For 6 consecutive years, Hattha Bank has consistently maintained its credit rating at BBB+/stable, a rating that signifies the bank’s stable business operations and robust position within the Cambodian market. Significantly, Hattha Bank is well-capitalized, financially strong, and maintains great liquidity, enabling it to continue its business operations as usual. This strong position is further bolstered by the bank’s strong backing from its parent company, Krungsri.
