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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 |
| Service | Investment Finance |
| Project Country | Cambodia |
| OeEB project volume | USD 15 million |
| International climate finance according to UNFCCC | No |
| Additionality | Financial additionality |
| 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.