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Mr. Shih, Jiing-Fuh, President of LH Financial Group Public Company Limited, revealed that the credit ratings of Land and Houses Financial Business Group, consisting of LH Financial Group Public Company Limited (LHFG) and Land and Houses Bank (LH Bank), have been upgraded by TRIS Rating.
Land and Houses Bank (LH Bank) is putting more focus on Taiwanese businesses in Thailand, aiming for 70% loan growth in this corporate customer segment in 2022.
Land and Houses Bank (LH Bank) aims to expand its Taiwanese corporate customer base by 500 companies in five years thanks to positive growth of the Asean economy and Thailand's strong fundamentals.
Mr. Shih Jing-Fuh, President of LH Financial Group Public Company Limited (LHFG), elaborated that in 2022 the group would leverage our digital banking potential and collaborate with CTBC Bank, Taiwan’s largest commercial bank, raised its stake in LHFG from 35.62% to 46.61% in September 2021 and became the Group’s major shareholder. The transaction bolstered the Group’s competitiveness and paved way for international exposure.