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Sathapana Bank marks quarter century of sustainable progress

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Sathapana Bank CEO Lim Aun.

Sathapana Bank marks quarter century of sustainable progress

During its 25 years of operating in the Kingdom, Sathapana Bank has assisted Cambodians nationwide to achieve their financial goals through loans, deposit accounts and financial advice, and has contributed enormously to the country’s economic growth.

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Sathapana Bank – a subsidiary of Maruhan Corporation of Japan – merged with Maruhan Japan Bank in 2016.

Since then, Sathapana Bank has shifted focus to embrace digital banking technologies, with the launch of Sathapana Mobile in 2018.

This is one of the most innovative mobile banking apps in Cambodia.

In the same year, the bank announced the soft launch of its Sathapana Visa Cards and rolled out new cash recycling machines – including ATMs and Cash In – to provide a more convenient banking experience and to better assist its customers.

Last year, Sathapana Bank introduced the Sathapana Visa Debit and Credit Cards and launched the Phnom Penh Water Supply bill payment system, as well as inaugurating three new branches and upgrading five more to provide full banking services.

As of last month, the financial institution had launched the Sathapana Visa Platinum Credit Card, a new online account opening service on Sathapana Mobile, its mobile app, Cash by Code, a new digital app feature, and Sathapana Pay. It has also inaugurated eight new branches to enhance operations.

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Sathapana Bank’s new headquarters on Norodom Boulevard are set to be completed later this year.

“On behalf of Sathapana Bank, I would like to extend my tremendous gratitude to all stakeholders who have firmly stood by the bank’s side and significantly contributed to the bank’s successful journey.

“Without their support, Sathapana Bank wouldn’t have been at today’s highest point, offering excellent financial services to Cambodians.”

“As of today, the bank’s total assets and deposits have crossed $1.8 billion and $1.1 billion, respectively. There are 170-plus branches operating nationwide, while more than 4,000 staff are working to support the bank’s daily operations,” said Sathapana Bank CEO Lim Aun.

In conjunction with today’s 25th anniversary in Cambodia, Sathapana Bank has announced its “25th Anniversary Campaign” to thank its customers for their ongoing support.

The campaign is divided into two promotions – the “Deposit and Win Campaign”, and the “Sathapana Pay Cashback”, which will last until December 31 this year.

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With the 25th anniversary as the theme, there are 25 prizes to be won in the “Deposit and Win Campaign” – which include the grand prize of a Mazda 6, two second prizes of Smart Saving Accounts worth $2,500 and 22 consolation prizes of Smart Saving Accounts each worth $250).

To be eligible, both Sathapana Bank’s new and existing customers have to make deposits as per the terms and conditions of the campaign.

For the “Sathapana Pay Cashback” promotion, customers simply start the habit of going cashless with Sathapana Pay to receive up to $2.50 in cashback.

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Since the establishment of Sathapana Mobile, the bank has won three prestigious awards recognising its digital banking success – “Best Mobile Banking Application Cambodia 2019”, “Most Innovative Digital Bank 2020” and “Most Innovative Retail Banking App Cambodia 2020”.

With the mission and vision to be the most trusted bank in Cambodia – one delivering the most advanced banking technologies – the bank values digitalisation at the forefront to gain competitive advantages and be a game-changer in the Kingdom’s banking industry.

About Sathapana Bank

Sathapana Bank is one of the leading commercial banks in Cambodia, with total assets of over $1.8 billion and more than 4,000 employees.

It has the second-largest network of branches in the Kingdom with more than 170, while there are over 220 ATMs with a cash recycling capability.

The bank provides full banking services, such as loans, deposits, iBanking, mobile banking, debit and credit cards, domestic and foreign remittances, Western Union, trade finance and tax payments, among others.

Sathapana has also partnered with mobile payment providers such as Wing, Pi Pay, True Money, Ly Hour Veluy, eMoney, and Bakong to give further convenience to its customers.

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