Message from the Chairman

In 2018, we continued our relentless commitment to create sustainable value for our customers, shareholders and communities. Our third year since the merger, we have delivered yet again a strong performance which resulted in profitability, financial strength and solid growth.

Robust domestic consumption and export drove the growth of the Cambodian economy despite the moderating global economy and rising risks. The growth rate is expected to be slightly higher at 7.1% in 2018, compared to 6.8% in 2017. In the financial sector, threats are evolving because of the large exposure to the construction and real estate sector.

But even with the external risks and business challenges in the country, Sathapana Bank ended the year with a record net profit of US$23 million, a respectable increase of 24% from US$18.6 million a year ago. Total assets reached a new high of US$1.304 billion, while the Return on equity (ROE) was at13.03%, which was marginally higher than last year’s 12.05%.

Our financial results demonstrated the soundness of our strategy, attractiveness of our products and services offerings, and the great hard work and cooperation of the Sathapana team.

To continue delivering on our mission of improving Cambodian’s businesses and lives - through best-in-class full banking services with advanced technology, we have embarked and focused our efforts in the rebranding and digital transformation of Sathapana Bank. We believe that to deliver a more efficient and better service to our growing customers, we will continue to aggressively pursue our rebranding efforts and fully embrace our digital transformation in the years to come. Better customer experience and service means increased engagement and improved customer loyalty, which then results to higher revenue.

Going forward, we will never waiver on our “customer first” spirit and we vow to always regard our customers in a fair and transparent manner.

On behalf of the Board of Directors, I would like to thank our customers and shareholders for their solid loyalty and confidence. My heartfelt appreciation also goes to the more than 4,000 dedicated employees of Sathapana Bank for their significant contributions.

I believe that we are in great shape for 2019 and beyond.



Dr. HAN Chang-Woo

Chairman of the Board