Sathapana

What Sathapana does

Sathapana Bank Plc. is a Cambodian commercial bank formed in April 2016 through the merger of MARUHAN Japan Bank Plc. and SATHAPANA Limited, operating as a wholly-owned subsidiary of Japan's MARUHAN Corporation. Headquartered at Sathapana Tower on Norodom Boulevard in Phnom Penh, the bank operates 170+ branches and 250+ ATMs across all 25 provinces of Cambodia, with a product portfolio spanning deposits (Current, Savings, Smart Savings, Term Deposit, Group Savings), loans (Auto at 18% p.a., Home up to USD 500K, Personal up to USD 200K, SME, Agriculture, Micro/SMILE), and a broad card suite including Visa, Mastercard, and the dual-scheme Sathapana CSS Mastercard. The technology stack consists of a core banking platform supporting multi-currency operations (USD, KHR, JPY) integrated with Bakong/KHQR, SWIFT, Visa Direct, VISA B2B Connect, and the Sathapana Mobile app (available in Khmer, English, Japanese, Chinese, and Korean), supplemented by biometric authentication, virtual cards, and digital business platforms (eBusiness, Connect, Gateway, ePayroll, Simplify).

The bank serves Cambodian mass-market retail customers, SMEs, women entrepreneurs (via the Women In Business Programme), Japanese nationals and businesses in Cambodia (via a dedicated Japan Desk), and high-net-worth clients (via Premier Banking). Revenue is generated primarily from interest income on loans and credit cards, transaction and service fees, and recurring commission income from a 15-year bancassurance partnership with Manulife Cambodia and a distribution arrangement with Forte General Insurance. A tiered credit-card structure (Classic USD 5 to Platinum USD 250 annual fees) and varied deposit pricing (up to 5% p.a. on KHR term deposits, 3% on Smart Savings) provide additional fee and spread-based revenue.

Governance is anchored by an experienced board led by Dr. Han Chang-Woo (Founder/Chairman of MARUHAN Corporation) and Mr. Han Ken (Vice Chairman), with ex-MUFG/SMBC bankers, a former Director General of Banking Supervision at the National Bank of Cambodia, and a former Japanese Ambassador to Cambodia. The senior management team has been substantially refreshed in 2024-2025 with new appointments to Deputy CEO, CFO, CRO, and Chief Sales and Distribution Officer roles, signaling an active scaling and professionalization phase.

Name

Sathapana

Legal name

Sathapana Bank Plc.

Website

https://www.sathapana.com.kh

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Sathapana Bank Plc. is a Cambodian commercial bank, wholly owned by Japan's MARUHAN Corporation, operating 170+ branches and 250+ ATMs nationwide and serving retail, SME, Japanese-expat, and women-entrepreneur customers with deposits, loans, cards, and digital banking.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF), Corporate Cash Management & Treasury ACH (FSAMAGAG)

Keywords

• Retail banking services
• Commercial banking
• Consumer lending
• Digital banking
• Trade finance services

Headquarters

HQ city

Phnom Penh

HQ country

Cambodia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income: The bank generates primary revenue from interest on loans including auto loans (18% p.a.), home loans, personal loans, business loans, and term deposits at varying rates depending on currency and tenure.
2. Transaction and Service Fees: Fees from ATM transactions, card services (annual fees, replacement fees), fund transfers, cash withdrawals at other banks' ATMs, and foreign currency transactions.
3. Credit Card Revenue: Annual fees, interest on outstanding balances (1.5% monthly on purchases), cash advance fees (2%), and foreign currency fees (2.5%).
4. Insurance Partnership Revenue: 15-year partnership with Manulife Cambodia for insurance products distribution at bank branches, generating commission income.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Sathapana Bank Plc. is a Cambodian commercial bank providing a comprehensive suite of personal and business banking products. Core offerings include deposit accounts (Current, Savings, Smart Savings, Term Deposit), consumer and business loans (Auto, Home, Personal, SME, Agriculture, Business Term), debit and credit cards (Visa, Mastercard, dual-scheme CSS Mastercard, virtual cards), trade finance, cash management (eBusiness, Connect, ePayroll), remittances, and insurance distribution via Manulife and Forte partnerships. Distribution is delivered through 170+ branches, 250+ ATMs, the Sathapana Mobile app, iBanking, and a dedicated Japan Desk.

Product overview

Sathapana Bank is a Cambodian commercial bank offering a comprehensive portfolio of personal, business, and digital banking products. The core banking platform provides traditional deposit accounts (Current, Savings, Term Deposit) alongside credit products (Auto Loans, Home Loans, Personal Loans). Digital banking is anchored by Sathapana Mobile app, supplemented by business platforms including Sathapana eBusiness, Sathapana Connect, Sathapana Gateway, and Sathapana ePayroll. The bank issues multiple card variants through Visa and Mastercard networks, including the innovative dual-scheme Sathapana CSS Mastercard. Value-added services include Sathapana Rewards loyalty program, Women In Business Program for SMEs, Sathapana Escrow Service, and insurance partnerships with Manulife. Premium services are offered through Premier Banking and Japan Desk for specialized customer segments.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Serving customers since 1995 with over 170 branches nationwide
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability4 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Manulife CambodiacoreStrategic or Co-development Partner15-year partnership to provide integrated financial solutions. Manulife's insurance products are available at Sathapana branches nationwide, combining banking and insurance distribution for comprehensive financial services.
• Forte General InsuranceminorStrategic or Co-development PartnerInsurance products offered through Sathapana branches for general insurance coverage.
• Ecologie.IncminorGTM or Marketing PartnerPartnership for financial literacy workshops for local cricket farmers in Takeo Province, supporting sustainable agricultural income.
• Nisset PlasticminorGTM or Marketing PartnerJoint environmental initiative partner for zero waste program and city-wide clean-up campaigns promoting sustainability.
• ISI Dangkor Senchey FCminorGTM or Marketing PartnerFootball clinic partnership supporting youth sports development in Cambodia.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• ACLEDA Bank: Cambodia's largest commercial bank with the widest nationwide branch and ATM network. Most directly comparable to Sathapana in scale, product breadth, and SME/retail focus.
• ABA Bank: Fast-growing Cambodian commercial bank with leading digital and card franchise. Directly comparable in retail/SME banking and increasingly in mobile-first banking.
• Canadia Bank: One of Cambodia's largest private commercial banks with broad personal and business banking services. Comparable in scale, branch network, and product breadth.
• J Trust Royal Bank: Cambodia-domiciled commercial bank with Japanese ownership (J Trust Co., Ltd.). Comparable in cross-border banking, Japanese shareholder DNA, and full-service retail/commercial offerings.
• Wing Bank (Cambodia) Plc. Cambodian digital-first bank with extensive agent and mobile money network. Comparable in retail deposits, digital payments, and financial-inclusion positioning.
• PRASAC MFI Plc. Cambodia's largest microfinance institution-turned-bank. Comparable in microfinance heritage, SME/agriculture lending, and grassroots customer base.
• Cambodian Public Bank: Cambodian subsidiary of Malaysia's Public Bank Group. Comparable as a foreign-affiliated full-service commercial bank serving retail and SME customers in Cambodia.
• Vattanac Bank: Cambodian commercial bank offering personal, business, and digital banking. Comparable in full-service commercial banking and Cambodian market focus.
• Phillip Bank: Cambodia-licensed commercial bank with Singapore PhillipCapital group affiliation. Comparable in retail/commercial banking and serving foreign-investor customers.
• Hattha Bank Plc. Cambodian commercial bank (formerly Havin Bank) with strong retail and SME presence. Comparable in scale of branch network and focus on SME/consumer lending.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/sathapanabank
• Facebookfacebook.com/Sathapanabank
• LinkedInlinkedin.com/company/sathapana-bank
• TikToktiktok.com/@sathapana.bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sathapana