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Sathapana Bank Ltd

Region and country of operations: Southeast Asia
Jurisdiction of registration: Cambodia
Business sector: Financial institution

Date of agreement (month/year): 6/2021
Instrument: Tier 2 loan
Finnfund’s financing: USD 5,000,000
Share of Finnfund’s financing: 33%
Size of project/financing: USD 15,000,000
Environmental and social category: FI-B

Project description

Sathapana Bank is the 5th largest bank in Cambodia focusing on MSME and SME clients in rural areas specifically in commerce and agriculture. In September 2020 it had approximately USD 1.7 billion of loans to customers, total assets were USD 2 billion, and it has over 4,000 employees and 171 branches.

Sathapana is pursuing a growth strategy to broaden its client base and to become a top three player in the market, and it is seeking Tier 2 capital to enable this growth. Sathapana is an existing client of Finnfund. Finnfund provided a senior loan of  USD 11 million to Sathapana Microfinance in 2015 and a Tier 2 loan of USD 10 million in 2019. The senior loan was part of FMO syndicate and has been fully repaid.

Main development impact

The Bank delivers strong development impacts by focusing on rural MSME clients in its lending. The share of agricultural clients is high and more than 50% of the clients are female. Sathapana Bank pays corporate taxes in Cambodia.

More information

Front of the Sathapana Bank's office building