South Korean bank buys local MFI

23 June 2014
The Phnom Penh Post
Banking and financial services / Economic policy and administration / Economy and commerce / Foreign investors / Investment
Malis Finance / South Korean aid / Woori Bank

South Korea-based Woori Bank has purchased Cambodian microfinance institution Malis Finance for $4.9 million. Hun Soopheak, general manager of Malis Finance, said the deal was finalised two weeks ago; however, the firm is still awaiting approval from Cambodian regulators. …

 Chan Muyhong
http://www.phnompenhpost.com/business/south-korean-bank-buys-local-mfi

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