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.

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.

WB Finance, a Microfinance Institution that provides reliable services and focuses on social development, held a ceremony of signing Memorandum of Understanding with Cambodian International University (CamIU) which took place at the Conference Hall of CamIU on December 26th, 2016. The ceremony was attended by Ms. Top Sok Samphea, Chief Operating Officer of WB Finance and Mrs. Chea Neang Eng, President of CamIU along with distinguished guests, lecturers and students.

WB Finance, a Microfinance Institution that provides reliable services and focuses on social development, held a ceremony of signing Memorandum of Understanding with Cambodian International University (CamIU) which took place at the Conference Hall of CamIU on December 26th, 2016. The ceremony was attended by Ms. Top Sok Samphea, Chief Operating Officer of WB Finance and Mrs. Chea Neang Eng, President of CamIU along with distinguished guests, lecturers and students.

WB Finance, a Microfinance Institution that provides reliable services and takes a great care of Cambodian people, held a ceremony of signing Memorandum of understanding with Prevoir Kampuchea Micro Life Insurance (PKMI) and a press conference on "The Embedded Insurance on Loan Products" which took place at Sunway Hotel on December 05th, 2016. The conference was attended by Mr.Adrian Merryman, Chief Executive Officer of WB Finance and Ms.Solene Favre, Chief Executive Officer of PKMI along with Media, distinguished local and international guests.

WB Finance is a Microfinance Institution that provides reliable services and takes a great care of Cambodian people. Its top management always put the healthy working environment and the solidity of teamwork as the top priority as fulfilling the need of their clients. Likewise, to boost up the habit of doing exercise and world-life balance for staffs, WB Finance organizes a Football Champion League 2016, which will be held on November 05, 2016 at 3G Sport Center participated by the top management, namely Mr.Adrian Merryman, CEO.

The National Bank of Cambodia in cooperation with 13 commercial banks and microfinance depost-taking institutions (MDLs) has officially launched "Fast Payment", which is a new service that enables customers to receive funds immediately in response to their liquidity need. The introduction of "Fast Payment" aims at providing an alternative channel that is safe, fast, and effective for commercial banks and MDLs to execute interbank fund transfer and payment transaction in Riel for their customers. Furthermore, this service will actively contribute to promotion the use of Riel, enhancing transparency through electronic payment, reducing cash circulation in the market, ensuring the effective use of financial resources, and particularly, promoting financial inclusion in Cambodia.