Cambodia Investment Review
LOLC (Cambodia) Plc., one of the Kingdom’s leading deposit-taking microfinance institutions, announced in a company statement that it has surpassed $1 billion in total deposit balances as of December 31, 2024. This milestone reflects what the company describes as steady growth since receiving its license from the National Bank of Cambodia in 2015.
According to the statement, LOLC now serves over 530,577 deposit customers through its 83 branches nationwide. The company credits its success to strong customer trust and its ability to deliver tailored financial solutions to clients from diverse backgrounds in both urban and rural areas.
“This increase not only highlights LOLC’s success in building customer trust but also reflects the growing savings habits of the Cambodian people today,” explained Sok Voeun, CEO of LOLC (Cambodia), in the company statement. “As customers become more accustomed to saving money, they demonstrate greater financial literacy, which supports personal and family financial stability while contributing to the national economy.”
Expanding Financial Solutions for Urban and Rural Communities
The company highlighted in its statement that it offers a range of financial products aimed at meeting diverse customer needs. These include high-interest savings accounts, loan offerings, and mobile banking services to improve accessibility and convenience.
LOLC also emphasized its focus on community engagement through financial literacy programs. These initiatives aim to educate individuals on the benefits of saving, managing income, and responsibly handling expenses and debt, which the company views as critical to fostering sustainable financial habits.
“These efforts allow us to promote sustainable customer care and create value for all stakeholders while strengthening the financial capabilities of the communities we serve,” the statement added.
Commitment to Continued Growth
LOLC extended its gratitude to customers for their trust and support, reiterating its dedication to being a reliable financial partner. The company noted that this achievement motivates its ongoing efforts to enhance its products and services, ensuring customers receive a superior financial experience.
“This milestone reflects our commitment to fostering financial inclusion and contributing to Cambodia’s economic progress,” the statement concluded, positioning LOLC as a key player in the nation’s financial sector.
