Sathapana Bank Plc.
Region and country of operations: Southeast Asia
Jurisdiction of registration: Cambodia
Business sector: Financial institution
Date of agreement (month/year): 7/2019
Finnfund’s financing: USD 10,000,000
Share of Finnfund’s financing: 100%
Size of project/financing: USD 10,000,000
Environmental and social category: FI-B
Sathapana Bank is a bank in Cambodia financing retail, micro companies and SME clients. At the end of 2018 it had approximately 131,000 loan customers, over 4,000 employees and 160 branches.
Main development impact
The main development impacts are created by financing micro and SME-clients in rural areas of Cambodia. About half of the clients are female. Sathapana Bank pays corporate taxes in Cambodia and estimates its work force to increase from the current level.