WealthBank
BankingCentral Visayas, Philippines51-200 Employees
WealthBank is the first and only thrift bank in the Philippines to become a subsidiary of a multinational bank, with Woori Bank as its parent and Vicsal Development Corporation as its affiliate. Woori Bank and VDC brought WealthBank under their joint ownership in 2016 through a strategic acquisition. Based in Cebu City, Central Visayas, the bank operates as a mid-sized financial services provider focused on accessible banking for a broad customer base. WealthBank offers a range of mass-market financial products, including savings and deposits, as well as salary loans for public teachers and employees, housing loans, and auto loans. It provides Internet Banking Services via its website and mobile app, enabling fund transfers through InstaPay and PESONet, bill payments, and balance inquiries. The governance and strategy emphasize expanding its reach to Korean SMEs, Korean businesses operating in the Philippines, Korean nationals visiting or working in the country, and Overseas Filipino Workers, leveraging its multinational connections.