25 April 2016
Sathapana Microfinance Plc.,
the third largest MFI in Cambodia, has officially transformed itself into a
commercial bank with total capital of $120 million, a move in line with
Japanese-owned Maruhan Japan Bank acquiring a 95.1% stake in 2012. As 2015,
there were 36 commercial banks in Cambodia, 11 specialized banks, eight bank
representative offices, 49 microfinance institutions, 42 rural credit operators
and eight financial leasing firms.
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