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.
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