Pressroom | Savings

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…

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Iponaryo | Pressroom | Savings

Cebuana Lhuillier Powers Up Their Micro Savings Account for the Modern Day “Iponaryos”

As a champion for financial inclusion, Cebuana Lhuillier recently launched additional features to their existing Micro Savings Account, a product of Cebuana Lhuillier Rural Bank, to help more Filipinos become financially mobile, especially during the onset of the new normal. When the Micro Savings was introduced last year, in 2019,…

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Iponaryo | Pressroom | Savings

Cebuana Lhuillier Rural Bank eyes 8 million accounts next year

MANILA, Philippines — The banking arm of Cebuana Lhuillier expects a 60 percent jump in accounts by the end of next year as it boosts financial inclusion efforts amid the pandemic. Jean Henri Lhuillier, president and chief executive officer of Cebuana Lhuillier, told The STAR Cebuana Lhuillier Rural Bank (CLRB)…

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Iponaryo | Pressroom | Savings

Two million micro savings accounts bring Filipinos closer to financial inclusion

Based on the 2017 Financial Inclusion Survey of the Bangko Sentral ng Pilipinas (BSP), only 15.8 million Filipino adults or 22.6 percent of the total adult population have formal bank accounts, while 52.8 million or 77.4 percent remain unbanked. To help the BSP encourage the unbanked population to invest in…

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Iponaryo | Pressroom | Savings

Cebuana Lhuillier grows a nation of Iponaryos

More than 1.7 million Filipinos are now a step closer to financial freedom after opening Cebuana Lhuillier Micro Savings accounts. Considered as Iponaryos, the micro savings account owners are encouraged to follow the Iponaryo philosophy of saving at least PhP50,000 a year using their KaCebuana Ipon Diary. To date, Cebuana…

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