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LOLC Passes $1B in Total Deposit Balance in the Fourth Quarter of 2024
LOLC (Cambodia) Plc, a leading deposit-taking microfinance institution in Cambodia, has been licensed by the National Bank of Cambodia since 2015. Thanks to the trust and confidence of our customers, LOLC has achieved substantial growth in its deposit balance.
As of December 31, 2024, LOLC had achieved a total deposit balance exceeding $1 billion, serving over 530,577 deposit customers through its 83 branches nationwide. This growth reflects the strong relationship between LOLC and the customers, as well as our ability to deliver tailored financial solutions to clients from all walks of life, in both urban and rural areas.
“LOLC is committed to delivering lasting, positive impacts for the community by promoting sustainable financial inclusion, providing sustainable customer care and creating value for all stakeholders,” explained Sok Voeun, CEO of the institution. “This increase not only highlights LOLC's success in building customer trust but also reflects the growing savings habits of the Cambodian people today. As customers become more accustomed to saving money, they demonstrate greater financial literacy, which not only supports personal and family financial stability but also contributes to the progress of the national economy”.
As the leading deposit-taking microfinance institution in the Kingdom, LOLC continually strives to develop a diverse range of highly effective financial products that are both convenient and beneficial to customers, including high-interest savings products, loan offerings and mobile banking services. In addition to enhancing the quality of our products and services, LOLC continuously develops new programmes to improve financial literacy within the community. These initiatives help individuals understand the benefits of saving, managing income, expenses and debt. Such efforts have established LOLC as a highly trusted institution among the public.
LOLC extended our heartfelt gratitude to each of the customers who have trusted and utilized our products and services over the years. LOLC takes pride in serving as a reliable financial partner, contributing to shared growth and success. This remarkable achievement serves as a powerful motivation for LOLC to continue enhancing our products and services, ensuring that every client enjoys an exceptional financial experience.
Publish date: January 17, 2025
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LOLC (Cambodia) Plc. has been serving Cambodian public and society for over 30 years, and has been recognized by both local and international financial authorities. Our products and services are committed to improving the livelihood of Cambodian customers.
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