Monday, April 25, 2016

Sathapana Shifts from MFI to Commercial Bank


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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