- TRIS Rating has upgraded LH Financial Group PLC and Land and Houses Bank PLC to “AA+/Stable” and “AAA/Stable” respectively, reflecting positive prospects for retail and SME growth.
- The Land and Houses Financial Business Group is a crucial entity within CTBC Bank Co., Ltd., playing a key role in its global expansion strategy.
- TRIS Rating recognises LH Bank’s thorough integration of risk management with CTBC Bank, ensuring alignment with broader strategic objectives.
Mr. Shih, Jiing-Fuh, President of LH Financial Group Public Company Limited or LHFG and CEO and President of Land and Houses Bank Public Company Limited or LH Bank, announced that the Land and Houses Financial Business Group, comprising LH Financial Group PLC (LHFG) and Land and Houses Bank PLC (LH Bank), has received upgraded ratings from TRIS Rating:
TRIS Rating has upgraded LH Financial Group PLC (LHFG) to “AA+/Stable” from “A-/Stable”.
TRIS Rating has also upgraded Land and Houses Bank PLC (LH Bank) to “AAA/Stable” from “A/Stable”, and simultaneously raised the rating on LH Bank’s outstanding Basel III Tier 2 capital securities to “AA” from “BBB+”.
TRIS Rating upgrades the company rating on LH Financial Group PLC (LHFG) and Land and Houses Bank PLC (LH Bank) which reflects the positive view on the potential to implement the strategic plan to grow retail and SMEs customers from both digital channels and business partners with the new forms of work processes that focus on holistic participation from all units with the aim towards sustainable growth.
Mr. Shih, Jiing-Fuh, President of LH Financial Group Public Company Limited or LHFG and CEO and President of Land and Houses Bank Public Company Limited or LH Bank
Mr. Shih commented, “TRIS Rating upgrades the company rating on LH Financial Group PLC (LHFG) and Land and Houses Bank PLC (LH Bank) which reflects the positive view on the potential to implement the strategic plan to grow retail and SMEs customers from both digital channels and business partners with the new forms of work processes that focus on holistic participation from all units with the aim towards sustainable growth. In addition, Land and Houses Financial Business Group is ‘highly strategic’ entity of CTBC Bank Co., Ltd. (rated “A/Stable” by S&P Global Ratings), No. 1 private bank in Taiwan and parent company of Land and Houses Financial Business Group. TRIS Rating views that Land and Houses Financial Business Group plays a key role in achieving CTBC Bank’s strategic goals of business expansion globally. In addition, TRIS Rating views that LH Bank has completely integrated the risk management framework covering its various risks with CTBC Bank.”
About Land and Houses Bank
Land and Houses Bank Public Company Limited (LH Bank) stands as a prominent financial institution in Thailand, offering a comprehensive range of banking services to individual and corporate clients. With a strong emphasis on innovation and customer-centricity, LH Bank is committed to driving financial inclusion and supporting economic growth in the region. Led by President Mr. Shih, Jiing-Fuh, the bank has recently garnered upgraded ratings from TRIS Rating, reflecting its strategic vision and robust risk management framework. This endorsement underscores LH Bank’s position as a trusted and reliable partner for customers seeking personalised banking solutions and long-term financial stability.
