Japanese-owned Maruhan Japan Bank will build a 22-storey $60-million new head office for its wholly owned Sathapana Bank Plc in downtown Phnom Penh, with a completion date expected for sometime in 2020, according to a report by state-run news agency Agence Kampuchea Presse (AKP).

The announcement of the new head office came after Maruhan Japan Group CEO Han Chang-Woo met with Prime Minister Hun Sen yesterday to reconfirm Japanese investment into the Kingdom. Maruhan Japan Bank merged with Sathapana MFI in April of 2016 to upgrade Sathapana into a fully fledged commercial bank.

The bank currently has 168 branches across Cambodia with more than $1 billion in registered assets as of the end of September.