WB Finance, one of the largest deposit-taking microfinance institutions in Cambodia and a family member of Woori Bank, has contributed US$ 10,000 to the Ministry of Health of Cambodia to fight against COVID-19.
WB Finance, is one of the largest deposit microfinance institutions with 136 branch networks in all cities and provinces of Cambodia and is a family member of Woori Bank, a leading commercial bank in Korea, has been awarded Gold certificate in recognition of the timely tax declaration and exemplary compliance with the tax obligations from the General Department of Taxation. WB Finance has worked very hard to follow the tax compliance in contributing to timely and accurate submission of documentation to the General Department of Taxation. WB Finance’s management and staff would like to express sincere appreciation to the General Taxation for providing a Gold Certificate of Tax compliance. WB Finance will continue our best to provide products and services to our customers with good practice of the highest professional standards and responsibilities in everything.
February 17, 2020 – Phnom Penh, WB Finance Co., Ltd. and Woori Finance (Cambodia) Plc. has successfully merged into one institution under the name of “WB Finance Co., Ltd.” having granted an approval from National Bank of Cambodia and Ministry of Commerce. The merger will be a new opportunity to take a leap forward for WB Finance, making it a bigger and stronger deposit-taking Microfinance institution which is wholly owned by Woori Bank, one of the top commercial banks in Korea. WB Finance has integrated several financial products and services including Savings, Loans, Mobile Banking and Money Transfer. All of customers’ accounts previously maintained with Woori Finance (Cambodia) Plc. has been transferred to WB Finance Co., Ltd. under the same terms and conditions.
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.