PROJECT

Projects

Summary of Investment Information

Project Number

44742

Company Name

HATTHA BANK PLC.

Date SPI Disclosed

May 5, 2021

Country

Cambodia

Region

East Asia and the Pacific

Projected Board Date

Jun 7, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Mar 8, 2022

Department

CF4S4 - Regional Industry - FIG Asia & Pac/FIG Inv Ops East Asia & Pacific

Industry

Financial Markets

Previous Events

Approved : Jun 3, 2021
Signed : Jun 30, 2021
Invested : Dec 28, 2021

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The proposed investment is a 7-year subordinated loan (sub-debt) of up to US$40 million to Hattha Bank Plc. (HTB or the Bank), formerly Hattha Kaksekar Limited (HKL), consisting of IFC’s own account investment of up to US$10 million and mobilization of up to US$30 million. The sub-debt will be qualified as a Tier 2 capital under the local regulations to strengthen the Bank’s resilience amid the ongoing COVID-19 pandemic and support the Bank’s long-term strategy to primarily grow financing to micro, small and medium enterprises (MSMEs) including women-owned MSMEs (WMSMEs). 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation