FMO provides sub-debt for Sathapana Bank

FMO is providing Cambodia’s Sathapana Bank with a $20 million subordinated loan to help the bank extend financing to small to medium-sized enterprises (SMEs) and increase its reserves. Sathapana Limited started as an NGO in 1995 and was acquired by Maruhan Japan Bank in December 2012. In 2014 it began its transition from a microfinance institution to a commercial bank. FMO provided a $15 million loan to Sathapana in 2014 and another $16.5 million loan in 2019.