Phnom Penh, 21 July 2025 – Credit Guarantee Corporation of Cambodia (CGCC) and Sathapana Bank, one of the leading commercial banks in Cambodia jointly organized the agreement signing ceremony to officially announce partnership on the Wholesale Guarantee Scheme (WGS) and Economic Stimulus Guarantee Scheme (ESGS). These initiatives are set to significantly enhance access to finance for businesses across the Kingdom. This strategic collaboration is crucial in driving economic growth, particularly for Micro, Small, and Medium Enterprises (MSMEs) and larger firms for expansion and operational resilience.

As Cambodia continues its economic development, the combined efforts of CGCC and Sathapana Bank, through these newly launched guarantee schemes, will play an increasingly vital role. They will ensure that businesses, regardless of their size or collateral capacity, have the financial support needed to thrive and contribute to Cambodia’s economic landscape.

Mr. No Lida, CEO of CGCC mentioned “Five years ago, Sathapana Bank and CGCC joined forces to launch the Business Recovery Guarantee Scheme, aiming at helping businesses access vital financing during the challenging times of the COVID-19 pandemic. Since then, our collaboration has empowered many businesses to survive, grow, and thrive. Through this journey, we’ve built a strong foundation of mutual understanding, enabling us to enhance the effectiveness of our guarantee schemes.”

“Today’s signing of the Wholesale Guarantee Scheme (WGS) and Economic Stimulus Guarantee Scheme (ESGS) demonstrates our shared commitment to deepen this partnership and increase the impact of credit guarantees. The WGS and ESGS will support Sathapana Bank in managing their risk exposure and enable them to lend more to potential small and medium-sized enterprises, especially during times of economic uncertainty”, said by Mr. No Lida.

“Our partnership with CGCC, particularly through the new Economic Stimulus Guarantee Scheme and the Wholesale Guarantee Scheme, allows us to extend our credit lines through our nationwide networks to a broader segment of the market,” says Mr. Henk G. Mulder, CEO of Sathapana Bank. “This will enhance financial inclusion and unleash the entrepreneurial potential of Cambodians.”

“Our collaboration with CGCC ensures that our lending aligns with Cambodia’s national development priorities, fostering growth in areas that are key to long-term prosperity and improving livelihoods for Cambodian families,” he adds.

 

About CGCC

CGCC is a state-owned enterprise under the financial and technical guidance of the Ministry of Economy and Finance, with the primary mission of providing credit guarantees to enhance financial inclusion and support the development of small and medium-sized enterprises. CGCC’s products and services include loan guarantees in the banking sector, bond guarantees in the securities sector, and the Entrepreneurship Program Initiative of CGCC (EPIC). As of the end of May June 2025, CGCC has approved guarantees on business loans in a total of 5,027 Guaranteed Accounts, amounting to approximately USD 305 million. For more information on WGS, please visit CGCC’s website at www.cgcc.com.kh or contact CGCC at 023 722 123.

 

About Sathapana Bank

Sathapana Bank is a leading commercial bank in Cambodia, with total assets of over US$ 2.7 billion and over 3,500 employees. We have an extensive branch network nationwide with 175 branches, 4 Sathapana Premier Banking halls, and over 280 ATMs. We provide complete banking services such as loans, deposits, mobile banking, internet banking, debit & credit cards, domestic and foreign remittances, payroll services, cross-border fund transfers with SWIFT, Visa B2B Connect, Visa Direct, Bakong, trade finance, and other financial services.

To support the growth of micro, small and medium businesses in Cambodia, Sathapana Bank also offers a wide range of payment acceptance solutions such as the Sathapana Tutort merchant app, Sathapana Gateway, S2Biz, Sathapana POS and more.

Recently, Sathapana Bank has received the Certification of Client Protection (Gold level). This prestigious recognition is a testament to our unwavering dedication to offering responsible and inclusive financial services.

On top of that, in 2024, the bank was named the winner of the “Most Innovative Mobile Banking App – Cambodia 2024” award by International Finance and “Best Retail Banking – Cambodia 2024” by Global Retail Banking Rankings. These awards recognize Sathapana Bank’s commitment to providing its customers and Cambodians with the most innovative and the best possible mobile banking experience.

In 2024, Sathapana Bank also received three awards from VISA: “Leadership in Consumer Debit Payment Volume,” “Leadership in Total Merchant Sales Volume Growth,” and “Leadership in Active Net New Acceptance Location.” Furthermore, it received three awards from Mastercard: “Leadership in Credit Growth 2024,” “Leadership in Debit Growth 2024,” and “Leadership in Credit Volume 2024.” These awards are a recognition of and testament to our strong commitment to delivering innovative payment solutions for customers in Cambodia.