Announcement on Merger between WB Finance Co., Ltd., and Woori Finance (Cambodia) Plc.

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25 November 2019
Announcement on Merger between WB Finance Co., Ltd., and Woori Finance (Cambodia) Plc.

Since our inception, we have always been very grateful for the past years being given the opportunity to best serve you and the community of our banking and financial products and services as well as retain your relationship with us until today in the Kingdom of Cambodia. In this regard, we are honored and pleased to announce to you that WB Finance Co., Ltd. and Woori Finance (Cambodia) Plc. will be merged into one institution under the name of “WB Finance Co., Ltd.”. With the great leadership and support from the National Bank of Cambodia (NBC), we have already obtained an approval in principle from NBC on our merger request and the merging processes are currently underway with all relevant competent authorities namely the NBC and the Ministry of Commerce of Cambodia.

Please be further noted that upon the duly completion of the merger process, WB Finance Co., Ltd. will operate under the total number of 136 branches and a head office located at Building #398, Preah Monivong Blvd, Sangkat Boeng Keng Kang I, Khan Beong Keng Kang, Phnom Penh. With this new entity, all of your accounts previously maintained with Woori Finance (Cambodia) Plc., will be transferred to WB Finance Co., Ltd. under the same terms and conditions. We will minimize to the great extent possible of any interruption caused on our services provided to you.

We would also like to take this opportunity to reassure you that the merger process will be conducted strictly in due compliance with the laws of the Kingdom of Cambodia and all concerned authorities will be made aware of and consulted on the merger process.

Should you have any concern, please do not hesitate to contact us through 023 963 333 (WB Finance) / 023 999 661 (Woori Finance Cambodia).

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