* Expands its network to 136 branches throughout Cambodia And increased its assets to US $ 4 96 million with a US $ 437 million portfolio.

February 17, 2020 Phnom Penh: Global Micro Finance and UR Funkone (Cambodia) Plc. Merge Successfully As a single financial institution under the name "Global Micro Finance Company" and has received approval from the National Bank of Cambodia. Of Cambodia And the Ministry of Commerce of the Kingdom of Cambodia. This merger is another step for Utility to make itself bigger and stronger with shareholders. Uria Bank is one of the largest commercial banks in Korea.

Utility Bank offers a wide range of financial products and services, including deposits, savings, mobile banking and money transfers. All the accounts of UBS Finance will be transferred to UBF Microfinance Institution by maintaining Terms and conditions as applicable.

"The merger between Global Utility and U-Fiber brings a vision," said Kim Sun Kyu, Chief Executive Officer of Global Mobility. Positively, the entire staff and management of a single financial institution will continue to grow in the future. We will continue to improve customer service and bring financial services solutions that are comfortable with Digital financial services, innovative products and services that respond to the modern lifestyle of your clients. In modern times. ”

"This successful merger process would not have been possible without the concerted efforts of the management," he said. And our institutional staff, our URB shareholders, together with the vital support of the National Bank of Cambodia. The Ministry of Commerce of Cambodia is a partner client authority And other parties involved. We sincerely thank and thank our customers for their continued service. Our products and financial services. In the near future, we will become the foundation of a growing financial community with the Cambodian people by offering Financial support for developing new products, such as government-subsidized loans, and free programs. Other societies. "

“This is another major milestone of WBWFIN after the sale,” said Ms. Fri Fri, Chief Operating Officer of Global Utility. The company's shares to Uriah Bank in 2018 and are now merged with UR Finance, one of the country's leading microfinance institutions. We have completed the process of bringing this together smoothly and fully, and we are focused on this. While we maintain the best customer service to our clients, both "

Wifi will continue to provide financial services to Cambodia across 25 provinces and cities through its 136 branches, offering financial products and services to the fullest. The needs of our clients, with their adherence to their mission, “become the foundation of the economy. A leading financial institution that provides economic opportunity to Cambodia Cambodia is growing, ”he said.

About WB Global Financial Institution

Palm World Bank is a licensed Microfinance Deposit Taking Institution from the National Bank of Cambodia and a member of the family of Bank Plc. Korea's first commercial in Korea. Wabbabinsen has been providing financial services to Cambodia for over 20 years with the help of Provincial Wallet and Our comprehensive range of financial services include loans, savings, money transfers, and banking services. As of the end of the year 2 0 19, Utility has total assets of US $ 377 million and a portfolio of US $ 336 million. .

About UR MFI (Cambodia) Plc

OUR FINANCE is one of the largest MFIs in Cambodia and a subsidiary of URB, one of the largest banks in Cambodia. Korea. Oury Finance was established in 2010 and was licensed by the National Bank of Cambodia in early 2011. U-Finance offers its two branch loans in Phnom Penh, Kampong Speu and Kandal. Over the years, Uriah Finan has steadily expanded its operations and will continue to provide needed loans. Customers support their clients to grow their business and improve their lives. E.

About Uri Bank

UR Bank is headquartered in Seoul, South Korea, was founded in 1 8 99 and is the first commercial bank. One in Korea with a major network all over the world. UR Bank offers a variety of personal banking, commercial and investment banking services through 747 local branches and global affiliate networks. 451 countries in 26 countries around the world. In 2020, URB celebrates the 121st anniversary of its history of financial markets for more than a century. Already By: Columbus