Woori Card Co. Ltd. (“WC”) is the second largest company of Woori Financial Group (“WFG”) which is one of the four largest financial institution groups in Korea. WFG is currently expanding into Indonesia through WC taking over most of the shares of PT Batavia Prosperindo Finance Tbk (“BPFI”) which is owned by PT Batavia Prosperindo Internasional Tbk (“BPII”).
WC was established and subject to the laws of the Republic of Korea located in Seoul, Republic of Korea, is now the largest shareholder of BPFI based on the Extraordinary General Meeting of Shareholders on 16 August 2022 and ratified by the Decree of the Minister of Public Relations and Human Rights of the Republic of Indonesia No. AHU-0062251.AH.01.02.Tahun 2022 dated August 31, 2022 and officially changed the name of the Company from PT Batavia Prosperindo Finance Tbk to PT Woori Finance Indonesia Tbk.
PT Woori Finance Indonesia Tbk (the " WFI ") is was initially a multifinance company established in 1994, which started operating in 1995 with a license from the Indonesian Finance Minister Decree No. 90/KMK.0.17/1995 dated February 15, 1995 for financial leasing, receivable factoring, credit card operations and consumer financing. The Company’s business license was renewed through the Decree of the Minister of Finance Number. KEP-099/KM.10/2007 dated May 9, 2007 and held an initial public offering (IPO) in June 2009 which was officially listed as a public company on the Indonesian Stock Exchange with stock symbol (ticker) BPFI
In the same group of WFG, WFI in synergy with Bank Woori Saudara (“BWS”) contributes to the development of the Indonesian financial industry.
As a multifinance company, WFI provides various financing facilities including multipurpose financing for new or used cars, and investment financing for heavy equipment. Not only that, WFI also supports refinancing for working capital.
In accordance with its vision to become one of the best and leading finance company in Indonesia, WFI consistently strives to develop its financing services and products in order to provide the best service to customers.
WFI has developed its financing services through an online platform known as the My Credit WFI Mobile application to provide the best financing solutions for the people of Indonesia.
Through the work plans in the next one year, WFI continues to improve and develop the company by stabilizing organizational transitions, increasing market competitiveness, launching new products and improving services, digitization, and improving credit ratings.
Head Office of WFI is domiciled in South Jakarta with an office network of Kantor Selain Kantor Cabang (KSKC) and 72 branch offices spread throughout Indonesia.
To become the leading and best multi-finance company in Indonesia by providing the best service for customers.
Providing superior financing products with competitive offers that prioritize acceleration, efficiency, and the best service to customers and partners.
Creating value for shareholders and making a positive contribution to the surrounding community where the Company is located and operates.
|2022||In Aug, BPII transferred its shares to Woori Card Korea
* Changed the name to PT Woori Finance Indonesia Tbk (the Decree of the Minister of Law and Human Rights of the Republic of Indonesia Number AHU-0062251.AH.01.02.Tahun 2022 dated August 31, 2022)
|2019||PT Batavia Prosperindo Internasional (BPII) became the controlling shareholder|
|2018||Acquired the assets and liabilities of PT Malacca Trust Finance (MTFI)|
|2017||Acquired the assets and liabilities of PT Magna Finance Tbk|
|2009||Held its initial public offering (IPO) and Listed on the Indonesian Stock Exchange as BPFI.|
|2004||Joined to Batavia Prosperindo Group
* Changed the name to PT Batavia Prosperindo Finance (SK no. W7-03581.HT.01.04.TH.2007)
* Business license renewed (the Minister of Finance Decree no. KEP-099/KM.10/2007.)
|1994||Established, started operating in 1995
* Business license (the Minister of Finance Decree no. 90/KMK.017/1995 of February 15, 1995)