In October 2022, OeEB signed a subordinated credit line in the amount of USD 15 million to Sathapana Bank Plc. The funds will be used to finance micro, small and medium-sized enterprises (MSMEs). In addition, the funds shall contribute to strengthen the bank's balance sheet.
|Project name||Sathapana Bank Plc.|
|Region||Southern and Eastern Asia|
|Sector||Financial Sector / Mikrofinance / SME|
|OeEB project volume||USD 15 million|
|International climate finance according to UNFCCC||No|
|Projekt partner(s)||Sathapana Bank Plc.|
Sathapana Bank is the fifth largest commercial bank in Cambodia in terms of total assets. Through its evolution from a microfinance institution to a commercial bank, Sathapana has an extensive branch network of 170 branches throughout the country, through which the bank provides access to financing primarily to MSMEs. Around 50% of the bank's borrowers are women.
Despite of its economic growth in recent years, Cambodia is still one of the least developed countries (LDCs) in the world. MSMEs make a significant contribution to the Cambodian Economy, providing more than 70% of the employment and more than 50% of the annual GDP.
OeEB’s credit line shall contribute to improving access to finance for MSMEs, thereby also contributing to local economic development and job creation.