News
South Korean bank buys local MFI
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
Woori to buy Cambodian microfinance institution
Woori Bank has decided to acquire Cambodia’s microfinance institution Malis Finance for 5 billion won ($4.9 million) to accelerate its global expansion. The Financial Services Commission approved Woori Bank’s acquisition of Malis on Wednesday, according to bank officials. ...
Suk Gee-hyun
http://www.koreaherald.com/view.php?ud=20140619000883