As a Cambodia’s leading microfinance institution, LOLC (Cambodia) Plc. is renowned for delivering financial solutions that meet the needs of Cambodian families, entrepreneurs and customers who look for economic opportunity to transform the quality of their lives. In 1994, LOLC (Cambodia) Plc. was founded as a credit program managed by a non-profit organization (Catholic Relief Service) and incorporated as Thaneakea Phum (Cambodia) Ltd. (TPC) in 2002.
LOLC Cambodia performed well in 2023, showing solid growth in key areas despite economic challenges. The bank’s total assets grew by 6.2% to USD 1.57 billion, and it achieved a net profit of USD 65.71 million, an 11.96% increase from 2022. LOLC’s loan portfolio focused on micro, small, and medium enterprises, maintaining a balanced risk management strategy with strong internal controls. Deposits increased by 18% to USD 904 million, and the bank’s digital banking initiatives, including the iPay Cambodia app, enhanced customer experience. Overall, LOLC demonstrated resilience and continued expansion while maintaining compliance with Cambodian regulations
