Sathapana Bank’s New Headquarters Complete by 2020

Sathapana Bank has unveiled plans for a USD52.7 million headquarters on Norodom Boulevard in Phnom Penh to be built by 2020, according to Pulse News.

Located along Preah Norodom Boulevard on the corner of streets 172 and 174, the building will be 19-storeys with four basements and commanding a total floor area of 33,135 square metres. The new headquarters will be the bank’s primary hub for expanding its products and services to its growing clientele and is estimated to accommodate at least 1,200 employees.

After breaking ground in June last year, construction of this project is set to be completed by July 2020 according to the builder, South Korea’s Lotte Engineering & Construction Co. (Lotte E&C).

“The new Head Office will symbolize SATHAPANA Bank’s deep commitment to be an active player in the growth banking sector, Cambodian economy development and in the empowerment of the country’s entrepreneurs,” said Chairman of Maruhan Group Dr. Han Chang-Woo at the commencement ceremony of the construction.

Photo courtesy: Sathapana Bank Plc

Photo courtesy: Sathapana Bank Plc

- Video Advertisement -

Related Post

Cambodia Strengthens Transport Infrastructure with UN Partnership

In a significant move towards enhancing Cambodia’s transport and logistics infrastructure, the Ministry of Public Works and Transport has joined forces with the United Nations Office for Project Services (UNOPS). On January 10, 2025, a Memorandum of Understanding (MoU) was signed between HE Peng Po Na, the Minister of Public Works and Transport, and Mrs. […]

WANLI Tire Breaks Ground on New Factory in Svay Rieng, Promising Jobs and Economic Growth

In a move poised to boost Cambodia’s economy significantly, WANLI Tire has officially begun construction on a state-of-the-art tire manufacturing facility in the Sin Bavet Special Economic Zone. The groundbreaking ceremony was led by HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, marking a pivotal […]

COP29 Dispatch: How Digital Twins Can Fortify Infrastructure Against Fierce Storms

By Chris Noon The United Nations calls climate change primarily a water crisis, bringing too much or too little water to the wrong places at the wrong time. Spain’s Valencia province is the latest example. Weeks after deadly flooding swept away bridges and buildings, tens of thousands of volunteers are still digging out their towns […]

Cambodia-ASEAN Trade Volume to Exceed USD 14 Billion in 2024

In 2024, the trade volume between Cambodia and ASEAN member countries surpasses USD 14.3 billion, marking a significant increase of 12.8% compared to the same period in 2023. This data comes from a recent report by the Ministry of Commerce. According to the report, Cambodia’s exports to ASEAN countries amounted to over USD 4.620 million, […]

Cambodia’s Steel Imports Surge by Nearly 70% in 2024

The construction sector in Cambodia is experiencing significant growth, as evidenced by the substantial increase in steel imports. In 2024, Cambodia imported over USD 631 million worth of steel, marking a remarkable 69.6 percent rise compared to the previous year’s imports of just over USD 372 million. This data was reported by the General Department […]

ISI Special Economic Zone Launches and Boosts Investment Growth in 2025

ISI Special Economic Zone, a new landmark development spanning over 800 hectares in Sihanoukville spearheaded by Cambodia’s esteemed ISI GROUP in collaboration with capital partners, is officially unveiled today during a grand launch ceremony at the ISI TOWER — ISI GROUP’s headquarters in Phnom Penh. (From left to right: Mr. Kang Sen, Executive Director of […]