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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

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