Dear Valued Customers,

Woori Bank (Cambodia) Plc. would like to inform all customers that, starting from February 17^th , 2025 onward, loan repayments made through the bank’s partner agents, including Wing, True Money, Ly Hour Veluy, and E-Money will no longer be exempt from service fees. This mean that customers must pay a service fee to the agent partners for all loan repayments to Woori Bank through mentioned agents.

Customers are still can make loan repayments via WOORI BANK Mobile or at any nearby Woori Bank’s branch as normal.

We sincerely appreciate your continued support and apologize for any inconvenience caused due to this change.

For more information, please contact our customer service at 023 963 333 or through our official Facebook page.

Your Sincerely,
Woori Bank (Cambodia) Plc.

Phnom Penh, Cambodia, December 2024 Woori Bank (Cambodia) Plc. is pleased to announce the appointment of Mr. CHEOL​ SU SOHN as the new CEO, effective November 2024. Mr. SOHN brings with him a wealth of experience and a proven track record in the banking and financial sectors, having served in various leadership roles within Woori Bank.

Mr. SOHN has been working with Woori Bank of Korea since August 1999 in various positions starting from Officer Level until General Manager in the current level. Most of his career was in sales, including branch staff, Deputy Branch Manager, and Branch Manager. His specialty has been in the corporate sector, including corporate finance and corporate sales. He also used to work in other support functions, such as the Business Support Group, Operations Department, Human Resources Department, Regional Office, and Credit Analysis and Approval Department targeting big corporate enterprises. Regarding his experience abroad, he was one of the general managers of Woori Bank Vietnam from 2019 to 2022.

In his new role as CEO of Woori Bank (Cambodia) Plc., Mr. SOHN is poised to lead the bank towards new heights of success. His extensive experience and deep understanding of the banking industry will be instrumental in fostering innovation, enhancing customer service, and driving sustainable growth. The Board of Directors and the entire Woori Bank (Cambodia) Plc. team are excited to welcome Mr. SOHN and look forward to his dynamic leadership.

About Woori Bank (Cambodia) Plc.

Woori Bank (Cambodia) Plc. has had significant milestone achievements in Cambodia for 30 years. With the beginning of the funding program in 1990 and getting an official license to operate as a microfinance institution in 2004, then updating the license in 2011 to become a micro-deposit-taking finance institution, as well as merging with Woori Finance Cambodia Plc. in 2020 to broaden the network. Additionally, the National Bank of Cambodia has approved a license as a commercial bank since November 2021 and officially launched in January 2022, enabling Woori Bank (Cambodia) Plc. to provide the market with full-fledged commercial bank’s products and services.

As of June 2024, the bank has 142 branches nationwide, employs over 4,200 staff, and serves more than 475 thousand customers with a total asset of USD 1.4 billion, a loan portfolio of USD 1,238 million, and deposit savings balances up to USD 682 million.

“Woori Bank, Your Smart Choice in Finance!”

Woori Bank would like to inform on the updates the new interest rate on Planned Savings  and Fixed deposit products which are effective from December 23, 2024 onward.

Here are the details of our new interest rate:

1. Planned Savings Account

1.1 Individual Customer

Plan Saving Account Interest Rate for Individual
Term (Month)	Annual Interest Rate *
	KHR	USD
3-5	2.75%	2.75%
6-11	3.50%	3.00%
12	5.00%	4.50%
13-23	5.35%	4.85%
24-35	5.55%	5.00%
36	5.75%	5.10%
These rates are effective from December 23, 2024 until further notice.

1.2 Corporate Customer

Plan Saving Account Interest Rate for Corporate
Term (Month)	Annual Interest Rate *
	KHR	USD
3-5	2.75%	2.00%
6-11	3.50%	3.00%
12	5.00%	4.50%
13-23	5.35%	4.85%
24-35	5.55%	5.00%
36	5.75%	5.10%
These rates are effective from December 23, 2024 until further notice.

2.Planned Savings Plus

2.1 Individual Customer

For Individual Customer
Term (month)	Annual Interest Rate for Individual
	Maturity Interest Withdrawal
	KHR	USD
3-5	2.50%	2.50%
6-11	3.25%	2.75%
12	4.75%	4.25%
13-23	5.10%	4.60%
24-35	5.35%	4.75%
36	5.50%	4.85%
These rates are effective from December 23, 2024 until further notice.

2.2 Corporate Customer

For Corporate Customer
Term (month)	Annual Interest Rate
	Maturity Interest Withdrawal
	KHR	USD
3-5	2.50%	1.75%
6-11	3.25%	2.75%
12	4.75%	4.25%
13-23	5.10%	4.60%
24-35	5.35%	4.75%
36	5.50%	4.85%
These rates are effective from December 23, 2024 until further notice.

3.SOBOROS Deposit Account 

3.1 Individual Customer

Term (month)	Annual Interest Rate For Individual
	Maturity Interest Withdrawal		Monthly Interest Withdrawal
	KHR	USD	KHR	USD
1-2	n.a	n.a	n.a	n.a
3-5	3.85%	3.35%	3.60%	3.10%
6-11	4.60%	4.10%	4.35%	3.85%
12	6.10%	5.60%	5.85%	5.35%
These rates are effective from December 23, 2024 until further notice.

3.2 Corporate Customer

Term (month)	Annual Interest Rate For Corporate
	Maturity Interest Withdrawal		Monthly Interest Withdrawal
	KHR	USD	KHR	USD
3-5	3.85%	3.10%	3.60%	2.85%
6-11	4.60%	4.10%	4.35%	3.85%
12	6.10%	5.60%	5.85%	5.35%
These rates are effective from December 23, 2024 until further notice.

4. Fortune Deposit Account

4.1 Individual Customer

Annual Interest Rate for Individual
Term ( Month)	Maturity Interest Withdrawal			Monthly Interest Withdrawal
	KHR	USD	THB	KHR	USD	THB
1-2	3.00%	3.00%	0.00%	n.a	n.a	n.a
3-5	3.75%	3.25%	0.50%	3.50%	3.00%	0.25%
6-11	4.50%	4.00%	1.25%	4.25%	3.75%	1.00%
12	6.00%	5.50%	2.75%	5.75%	5.25%	2.50%
13-23	6.35%	5.85%	2.75%	6.10%	5.60%	2.50%
24-35	6.55%	6.00%	3.00%	6.30%	5.75%	2.75%
36	6.75%	6.10%	3.00%	6.50%	5.85%	2.75%
These rates are effective from December 23, 2024 until further notice.

Annual Interest Rate for Individual
Fortune Deposit Account (FDA)	Annually Interest Withdrawal
Term (month)	KHR	USD
24	6.40%	5.85%
36	6.60%	5.95%
These rates are effective from December 23, 2024 until further notice.

4.2 Corporate Customer

Annual Interest Rate for Corporate
Fortune Deposit Account (FDA)	Maturity Interest Withdrawal			Monthly Interest Withdrawal
Term (Month)	KHR	USD	THB	KHR	USD	THB
1-2	2.50%	2.00%	0.00%	n.a	n.a	n.a
3-5	3.75%	3.00%	0.50%	3.50%	2.75%	0.25%
6-11	4.50%	4.00%	1.25%	4.25%	3.75%	1.00%
12	6.00%	5.50%	2.75%	5.75%	5.25%	2.50%
13-23	6.35%	5.85%	2.75%	6.10%	5.60%	2.50%
24-35	6.55%	6.00%	3.00%	6.30%	5.75%	2.75%
36	6.75%	6.10%	3.00%	6.50%	5.85%	2.75%
These rates are effective from December 23, 2024 until further notice.

Annual Interest Rate for Corporate
Fortune Deposit Account (FDA)	Annually Interest Withdrawal
Term (month)	KHR	USD
24	6.40%	5.85%
36	6.60%	5.95%
These rates are effective from December 23, 2024 until further notice.

5.Fortune Deposit Plus

Maturity Interest Withdrawal
Terms	KHR	USD
36 months	6.65%	6.00%
These rates are effective from December 23, 2024 until further notice.

Pre-maturity Period and Interest Rate
Terms	KHR	USD
<12 Months	1%	1%
12 – 23 Months	6.00%	5.50%
24 – 35 Months	6.55%	6.00%
These rates are effective from December 23, 2024 until further notice.

For more info: 023 963 333 / 081 331 333

*Terms and Conditions Apply

 

 

We are delighted to announce that Woori Bank Cambodia has successfully completed an independent assessment of the Swift Customer Security Programme (CSP), reaffirming our commitment to the highest standards of cybersecurity.

This assessment signifies our dedication to securing your financial transactions and ensuring the confidentiality and integrity of your information. Woori Bank Cambodia has rigorously evaluated and enhanced its systems to meet the stringent security measures set by the SWIFT CSP.

Our priority has always been the safety of your financial transactions, and this achievement reinforces our position as a trustworthy financial partner. As we continue to evolve in the digital era, Woori Bank Cambodia remains steadfast in implementing robust security measures to safeguard your assets and maintain your trust.

Thank you for choosing Woori Bank Cambodia as your banking partner. We look forward to serving you with the utmost dedication and providing you with secure and reliable financial services.

About Woori Bank (Cambodia) Plc.

Woori Bank (Cambodia) Plc. has milestone significant achievements in Cambodia for 30 years. With beginning of the funding program in 1990 and getting official license to operate as a microfinance institution in 2004. Then, updating license in 2011 to become a micro-deposit taking finance institution as well as merging with Woori Finance Cambodia Plc. in 2020 to broaden network. Additionally, the National Bank of Cambodia has approved a license as a commercial bank since November 2021 and officially launched in January 2022, enabling Woori Bank (Cambodia) Plc. to provide the market with full-fledged commercial bank’s products and services.​

As of June 2024, the bank has 142 branches nationwide, employs over 4,200 staffs, and serves more than 475 thousand customers with total asset of USD 1.4 Billion, a loan portfolio of USD 1,238 million and deposit savings balances up to USD 682 million.

“Woori Bank, Your Smart Choice in Finance!”

 

On 16th May 2024 in the Cambodia-Korea Business Forum with the distinguished presence of Samdech Moha Borvor Thipadei HUN MANET, Prime Minister of Cambodia, at Seoul; a Memorandum of Understanding (MoU) was signed between the National Bank of Cambodia and Woori Bank (the parent company Woori Bank Cambodia) on “Cross-Border QR Code Payment between Cambodia and Republic of Korea” to promote and adopt cross border payments and remittance to be more convenient for Cambodian migrant workers.

Phnom Penh April 10, 2024 – Woori Bank, a leading financial institution committed to driving innovation and growth, is pleased to announce the signing of a Memorandum of Understanding (MOU) with the National Incubation Centre of Cambodia (NICC) and the esteemed Royal University of Phnom Penh. This agreement is to be formalized on, marks a significant step towards boosting Cambodia’s growing startup landscape.

With a steadfast commitment to empowering entrepreneurs and fostering digital transformation, Woori Bank is poised to deepen its strategic partnership with NICC. Through the establishment of robust financial infrastructure and special financial services, this collaboration aims to provide helpful support to NICC’s professors, mentors, trainers, trainees, and students.

H.E. Dr. Cheat Chealy, Rector of Royal University of Phnom Penh, expressed his enthusiasm, stating, “We are delighted to embark on this transformative journey with Woori Bank. Through this strategic partnership, we aim to equip Cambodian startups and entrepreneurs with the necessary tools and resources to thrive in an increasingly digital world.”

Mr. Cho Byung Kyu, President of Woori Bank Head quarter, echoed this sentiment, emphasizing the significance of the partnership in fostering entrepreneurship and technological advancement. He announced plans for Woori Bank Cambodia to establish a branch office with the concept of “The bank in University,” aiming to provide convenient banking services for professors, staff, students, and the public.

“In the digitalization, while the bank is seeking for the best Fintech solution, then we are staying in the same building so that we could support each other closely like Woori Bank will be able to give capital support to startup company in finance and NICC including its startup will support the Woori Bank for innovative solution”, he continued.

By leveraging Woori Bank’s extensive resources and expertise, NICC endeavors to catalyze the digital transformation of startup companies and foster an environment conducive to innovation and sustainable growth. This collaboration signifies a shared commitment to driving socioeconomic development and fostering a culture of entrepreneurship in Cambodia.

Dr. Srun Sovila, Director of NICC, stated the significance of the partnership, “Thanks to Woori bank for trust in NICC and step to the official MOU signing ceremony today. Together, we will embark on a journey of collaboration, innovation, and growth, making a positive impact on the startups and entrepreneurial landscape of Cambodia. To all the entrepreneurs and innovators present here today, I urge you to seize the opportunities that this partnership brings onwards. Let us work together to harness the power of innovation, startups and entrepreneurship to drive positive change and create a brighter future for Cambodia.”

RUPP and Woori Bank ​have a good cooperation since January 2023, Woori Bank  has provided 100 scholarships to undergraduate students of RUPP from key specialized subjects which include the newly established program on sustainable urban planning and development (DSUPD), Economic Development (Eds), Community Development (CDs), Computer Science, International Business Management (IBM), and Mathematics.

About Woori Bank:

Woori Bank (Cambodia) Plc. has milestone significant achievements in Cambodia for 30 years. With beginning of the funding program in 1990 and getting official license to operate as a microfinance institution in 2004. Then, updating license in 2011 to become a micro-deposit taking finance institution as well as merging with Woori Finance Cambodia Plc. in 2020 to broaden network. Additionally, the National Bank of Cambodia has approved a license as a commercial bank since November 2021 and officially launched in January 2022, enabling Woori Bank (Cambodia) Plc. to provide the market with full-fledged commercial bank’s products and services.​

As of as of December 2023, the bank has 140 branches nationwide, employs over 4,200 staffs, and serves more than 455 thousand customers with​ total asset of USD 1.4 Billion, a loan portfolio of USD 1,212 million and deposit savings balances up to USD 434 million. “Woori Bank, Your Smart Choice in Finance!”

 

About NICC:

National Incubation center of Cambodia (NICC) was established in purpose of supporting to Cambodia startup by providing training, Research and Technology Innovation, Information and Communication. The center is also a linkage between entrepreneurs, startups, students, and enterprises to discuss in purpose of finding out the best solution.

 

About Royal University of Phnom Penh:

The Royal University of Phnom Penh is a premier academic institution dedicated to excellence in education, research, and community engagement. With a proud tradition of fostering intellectual curiosity and innovation, the university plays a pivotal role in shaping the future of Cambodia’s workforce and society.

Phnom Penh, Cambodia – January 30, 2024 – Today, teachers and students at Chea Sim Chroy Chongva High School, Chroy Chongva Primary School, and Wat Mongkul Serey Kien Khlaing Primary School, received brand-new digital libraries and labs from Woori Bank (Cambodia) Plc. via ChildFund and Teach for Cambodia, all under the auspices of the Ministry of Education.

This is not only about computers, equipment, and books; it’s about unlocking a universe of knowledge, bridging the digital divide, and providing students with the tools to navigate the future. Cutting-edge technology transforms classrooms into vibrant hubs of learning, empowering students with essential computer skills, financial literacy, and online safety knowledge, nurturing responsible and globally aware digital citizens.

This is the launchpad for the next chapter of digital education in Cambodia, a chapter where every child has the opportunity to learn, grow, and flourish in the digital landscape.

With resounding joy, H.E. Ho Sambo, Under Secretary of State, high representative of H.E. Dr. Hang Chuon Naron, Deputy Prime Minister, Minister of Education, Youth and Sport, declares this inauguration a momentous feat towards realizing their vision. He hails these upgraded facilities as beacons of progress, empowering students with the digital prowess they need to excel in the 21st century and propel Cambodia’s future into a dazzling era of advancement.

Mr. Hong Ju Kim, Chief Executive Officer of Woori Bank Cambodia, believes that simply donating resources wouldn’t do justice to the project’s potential. Instead, Woori Bank sees this as a strategic investment in Cambodia’s future. Witnessing the students’ eager faces fuels their unwavering commitment to empower Cambodian youth as responsible digital citizens.

Mr. Prashant Verma, ChildFund Cambodia Country Director: “The new infrastructure would act as digital education compound to build human resources in digital education covering fundamental of finance and online safety, so that Cambodian children for generations would benefit for their future growth.”

Mr. Youngkey Hwang, Chief Executive Officer of ChildFund Korea: “At ChildFund Korea, we believe every child deserves a chance to shine. These upgraded facilities are more than just labs and libraries; they are testaments to our deep commitment to nurturing the dreams and potential of Cambodian students.”

The inauguration of these digital labs and libraries ignites a spark of immense responsibility and unyielding enthusiasm in Mr. Siv Monirath, CEO of Teach For Cambodia. He acknowledges this as just the genesis of a transformative journey, and reaffirms his unwavering commitment to ensuring every student unlocks their digital potential and leverages these resources to soar to new heights.

This initiative marks a pivotal moment in Cambodia’s educational landscape, one where collaboration, innovation, and unwavering commitment pave the way for a brighter digital future for every child.

About Woori Bank (Cambodia) Plc.

Woori Bank (Cambodia) Plc. has milestone significant achievements in Cambodia for 30 years. With beginning of the funding program in 1990 and getting official license to operate as a microfinance institution in 2004. Then, updating license in 2011 to become a micro-deposit taking finance institution as well as merging with Woori Finance Cambodia Plc. in 2020 to broaden network. Additionally, the National Bank of Cambodia has approved a license as a commercial bank since November 2021 and officially launched in January 2022, enabling Woori Bank (Cambodia) Plc. to provide the market with full-fledged commercial bank’s products and services.​

As of as of December 2023, the bank has 140 branches nationwide, employs over 4,200 staffs, and serves more than 455 thousand customers with​ total asset of USD 1.4 Billion, a loan portfolio of USD 1,212 million and deposit savings balances up to USD 434 million. “Woori Bank, Your Smart Choice in Finance!”

Phnom Penh, Cambodia: On January 16, 2024, Woori Bank signed a multilateral business agreement with the Forestry Administration of Cambodia and the Asian Forest Cooperation Organization (AFoCo) to launch a forest carbon emission reduction project in Cambodia. The project, which will run for 30 years, aims to promote REDD+ (Reducing Emissions from Deforestation and Forest Degradation) and global ESG (Environmental, Social, and Governance) management.

The project will involve the conservation of a pristine forest area of about 30,213 hectares in the northern part of Cambodia, along the Mekong River. This area is home to about 220 wildlife species and is threatened by ecological destruction from activities like deforestation and land clearing. By preserving the forests, Woori Bank hopes to create a harmonious ecosystem for both nature and people, by reducing greenhouse gas emissions by 2.6 million tons (an average of 88,000 tons annually) and improving the living standards of the rural mountain communities.

Woori Bank is the first Korean bank to implement the REDD+ project, which is a global initiative to reduce greenhouse gas emissions by preventing forest conversion and degradation in developing countries, thereby preserving forests and promoting carbon accumulation. Woori Bank plans to reinvest all the proceeds from the “carbon credit” sales issued during the project period into the project itself, to ensure sustainable preservation and management of the ecosystem and the forests.

“We are proud to be part of this project, which will be an exemplary case for preserving Cambodia’s ancient forests and for fostering coexistence between the ecosystem and the local people,” said Cho Byung-kyu, the president of Woori Bank headquarter, Korea. “In the future, Woori Bank will continue to practice various global ESG management strategies such as lowering greenhouse gas emissions and preserving biodiversity,” He added.

About Woori Bank

Woori Bank is a leading Korean bank that provides a wide range of financial services to customers in Korea and overseas. Woori Bank entered the Cambodian financial market in 2014 by acquiring a microfinance institution (MFI). Since then, it has expanded its presence by acquiring a local deposit MFI and a finance company, and establishing a local branch as it transformed into a commercial bank in 2022. Woori Bank offers various services such as savings, loan, foreign exchange, digital banking, debit and credit card for individual and business, as well as other financial services to serve to the local market.

As of December 2023, in Cambodia the bank has 140 branches nationwide, employs over 4,200 staffs, and serves more than 455 thousand customers with​ total asset of USD 1.4 Billion, a loan portfolio of USD 1,212 million and deposit savings balances up to USD 434 million.