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