With Iponaryo, Cebuana Lhuillier Bank encourages Pinoys to save

There is no doubt that the COVID-19 pandemic has upended the lives of many Filipinos. It has led to the loss of lives, livelihoods, and opportunities from millions of our kababayans in the last two years. In fact, according to the Financial Inclusion Survey report released by the Bangko Sentral ng Pilipinas (BSP) in 2021, the number of Filipinos with savings accounts dropped by 25% due to the financial strain brought about by the COVID-19 pandemic. The incidence of savings among Filipinos also declined to 37 percent of 77.2 million Filipino adults from 53 percent in 2019, according to the same report. Cebuana Lhuillier Bank, the banking arm of microfinancial services giant Cebuana Lhuillier, is committed to do its share in encouraging Filipinos, especially those in the marginalized sector, to resume their savings journey after the challenging past couple of years. … Read more Read More

Digital transformation giant Orion collaborates with Cebuana Bank, plans to tap 11m underserved Filipinos.

Orion Innovation (Orion), a front-running digital transformation and product development service company, has proudly unveiled a strategic alliance with Cebuana Lhuillier Bank, a prominent Philippines-based bank. This collaboration reflects the shared aspiration of both institutions for enhanced financial inclusion and contemporary banking services in the Philippines. The investment is set to see Cebuana Lhuillier Bank overhaul its operations, implementing Orion’s advanced Temenos core banking platform. With a current clientele of 6 million Filipinos, the bank is ambitious, aiming to extend its financial services to over 11 million customers within the next half-decade. … Read more Read More

Cebuana Lhuillier Bank bridging financial gap through revolutionary banking

According to the Bangko Sentral ng Pilipinas (BSP), there are more than 15M account holders in the Philippines by end of 2022. 42% of these accounts are under Cebuana Lhuillier Bank’s basic deposit account, the revolutionary Cebuana Lhuillier Micro Savings product introduced in 2019. Based also on the same study, Cebuana Lhuillier Micro Savings also account for 33% of the total deposit liability of PHP11.96B. Since the launch, the micro savings product has become a force to reckon within the industry, changing the way Filipinos approach to saving their money by offering an easily accessible and convenient way to save. To do this, Cebuana Lhuillier Bank, in partnership with its parent company, Cebuana Lhuillier identified the usual barriers to saving and developed the micro savings product to tackle these barriers. … Read more Read More

Cebuana Lhuillier Bank expands in Batangas

CALATAGAN, Batangas: The Cebuana Lhuillier Bank, the banking arm of the country’s largest pawnshop chain and leading microfinance service provider, has embarked on a significant expansion to better serve the community here. The strategic relocation to Kabayanan, a more accessible area in Calatagan, aligns with the bank’s aim to bring its services closer to the public. … Read more Read More

Cebuana Lhuillier Bank’s Bank of the Year awards cement its status as one of big players in banking industry

Cebuana Lhuillier has solidified its status as one of the big players in the banking industry. While its roots lie in rural banking, the bank has transcended conventional boundaries through its unwavering commitment to excellence, giving rise to groundbreaking initiatives. At the heart of Cebuana Lhuillier Bank’s achievements lie strategic expansion and an innovative approach to using technology to increase financial inclusion. Currently, the bank boasts a network of six branches strategically positioned across the country, including key locations such as Cavite, Calatagan, Cebu, Davao, Makati City, and Nasugbu. Cebuana Lhuillier Bank’s revolutionary Cebuana Lhuillier Micro Savings Account has played a pivotal role in extending financial security to Filipinos, especially the unbanked and underbanked, empowering them to save and build a brighter future. Furthermore, the launch of the pioneering eCebuana app, which has equipped Filipinos with seamless online money transfers, stands as a testament to the bank’s unswerving dedication to harnessing digital solutions. … Read more Read More

Cebuana Lhuillier Bank chooses Orion to modernize banking services in Philippines

Orion Innovation (Orion), a digital transformation and product development service firm, has partnered with Philippines-based Cebuana Lhuillier Bank to support its journey towards financial inclusion and modernized banking services. Cebuana Lhuillier Bank has signed a deal with Orion to implement the advanced Temenos core banking platform to revolutionize its operations and expand its outreach to unbanked and underserved Filipinos with an aim to grow more than 11 million customers over five years. The Bank plays a pivotal role by offering credit and savings accounts to individuals, and micro, small, and medium enterprises, contributing to personal and business financial growth. Orion’s suite of digital services and technology solutions empowers banks to modernize legacy systems, design innovative products, and tap into new business opportunities. With a robust presence in the Philippines, India, and Singapore, Orion Innovation is embarking on a growth journey in the APAC region. … Read more Read More

Cebuana Lhuillier Bank joins forces with Temenos to revolutionize financial services for Filipinos

Cebuana Lhuillier Bank, one of the Philippines’ most dynamic rural banks, announced its strategic partnership with Temenos, the world’s leading open platform for composable banking, to update its core banking platform in a significant stride toward reshaping the rural banking landscape in the country. Central to this collaboration is Cebuana Lhuillier Bank’s commitment to financial inclusion. Through Temenos’ core banking platform, Cebuana Lhuillier Bank, which serves more than seven million Filipinos, can oversee customer accounts with efficiency and introduce accessible lending products such as motorcycle and salary loans, giving clients a more convenient and seamless banking experience. … Read more Read More

Cebuana Lhuillier Bank Backs National Banking Week 2024

Cebuana Lhuillier Bank joins the Bangko Sentral ng Pilipinas (BSP) in commemorating National Banking Week from January 1 to 7, 2024, under the theme “Financial Stability: Foundation for Prosperity.” This year’s theme highlights the significance of financial stability at individual and national levels, with the BSP promoting financial literacy. Cebuana Lhuillier Bank, in line with the BSP’s commitment, actively promotes financial literacy through programs like Iponaryo, aiming to educate individuals in remote areas often overlooked by mainstream banking systems and encouraging a mindset shift towards the importance of saving. #NBWeek2024 #FinancialStability #BSP #NationalBankingWeek Read More

Relocation of Cebuana Lhuillier Bank Bacoor Branch and Head Office

Dear Valued Clients, We are pleased to inform you that effective July 31, 2023, our Cebuana Lhuillier Bank Bacoor branch and Head office will be relocated to PJL Building Gen. Evangelista St., cor. Emilio Aguinaldo Highway, Barangay Zapote 1, Cavite City. We hope to see you soon! Muli, maraming salamat sa inyong patuloy na suporta, Ka-Cebuana! Read More

Cebuana Lhuillier Bank lauded for its push for financial inclusion

Rural bank off to a winning year as it gains recognition from ABF Retail Banking Awards, Bangko Sentral ng Pilipinas Cebuana Lhuillier Bank, Inc. (CLB), a part of the PJ Lhuillier Group of Companies, was recognized as Rural/Cooperative Bank of the Year – Philippines in the recently concluded 2021 Asian Banking and Finance (ABF) Retail Banking Awards. The ABF Retail Banking Awards honors outstanding banks that prove to be game-changers in the industry, especially in coping up with the New Normal. The ABF Retail Banking Awards specifically cited CLB’s push for financial inclusion through the launch of the game-changing Cebuana Lhuillier Micro Savings product which made saving a possibility to majority of unserved and unbanked Filipinos. Since its launch in 2019 in partnership with micro financial services giant Cebuana Lhuillier who served as cash agent, micro savings has pushed for the financial empowerment of many Filipinos, regardless of their socio-economic status and location. Through this, Filipinos now have access to a simplified, secured, affordable and reliable banking service which remains a basic necessity especially this pandemic. Two years after its launch, Cebuana Lhuillier Micro Savings has now more than five million savings account holders. “Financial inclusion has always been at… Read More