Over the years, Cebuana Lhuillier Bank has consistently strengthened its position by achieving remarkable growth in key financial metrics. Its total assets have soared to over Phap 9 billion, propelling the bank into the Top 6. Meanwhile, total deposits have reached Php 8.0 billion, boosting the bank’s rank in the Top 5 position. In addition, its loan portfolio has grown to over Php 6 billion, positioning it among the Top 5 lenders. These milestones, achieved through years of strategic growth and operational excellence, are a testament to the bank’s steadfast commitment to providing accessible, reliable, and innovative banking solutions for Filipinos.

Jean Henri Lhuillier, President and CEO of Cebuana Lhuillier, attributes the bank’s success to its relentless focus on innovation and meeting the evolving financial needs of its customers. “Our growth reflects our ability to adapt, innovate, and focus on empowering Filipinos with accessible financial solutions. These milestones are a result of our team’s dedication to reshaping the banking experience and our ongoing commitment to delivering value to our customers. As we look ahead, we will continue challenging industry norms, expanding our reach, and improving our services to meet the growing demands of our customer base,” he says.

Dennis Valdes, President of Cebuana Lhuillier Bank, shares this vision for sustained growth. “Our momentum has been tremendous, but this is just the beginning,” he explains. “We’re focused on strengthening our digital capabilities, expanding our presence in key markets, and enhancing our lending solutions to better support both individuals and businesses. By staying adaptable and continuously innovating, we’re ensuring that our growth remains strategic and sustainable.”

With a solid foundation and forward-thinking strategy, Cebuana Lhuillier Bank is well-positioned to maintain its rapid rise in the industry. Its success in climbing industry rankings over the years is a reflection of the bank’s bold approach, customer-first mindset, and commitment to shaping the future of banking in the Philippines. As the financial landscape evolves, Cebuana Lhuillier Bank remains focused on breaking barriers, setting new standards, and ensuring that more Filipinos have access to banking solutions that support their dreams and ambitions.

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Reflecting on the bank’s evolution from a humble rural institution to a formidable financial giant, Jean Henri Lhuillier, President and CEO of Cebuana Lhuillier, expressed profound pride in the bank’s remarkable journey.

“As we achieve another milestone, I can’t help but look back at the humble beginnings of the Bank back in 1998. We want to reach more people and provide our services to the ones who need them the most. We just want to continue our financial inclusion advocacy, to carry over that mission from the small pawnshops we operate to a bank that can be the people’s ally in their financial success.”

The recognition as the Best Microfinance Bank in the Philippines for 2024 not only celebrates the bank’s achievements but highlights its impact on Filipino lives. The exemplary growth witnessed in products like The Teachers’ Loan portfolio, with a staggering 425% increase in housing loans amounting to USD 13.4 million, speaks volumes about the bank’s responsiveness to societal needs, particularly in addressing housing challenges. Additionally, commanding a substantial 35% share in total basic deposit accounts in the Philippines reflects the deep-rooted trust and confidence instilled by Filipino clients in Cebuana Lhuillier Bank.

As the Fastest Growing Bank for Financial Inclusion in the Philippines, Cebuana Lhuillier’s journey embodies a genuine desire to bridge financial gaps and make a difference in people’s lives. The exponential growth in its loan portfolio, soaring from USD 7 million in 2018 to USD 64 million in 2023, showcases not just numerical expansion but, more importantly, the transformative impact on individuals and communities.

Moreover, being hailed as the Most Innovative Microfinance Bank of the Philippines for 2024 signifies Cebuana Lhuillier’s pioneering strides in redefining banking. Through strategic collaborations, visionary partnerships, and cutting-edge product development, the bank has integrated technology to enhance customer experiences while upholding its core values of prioritizing customer needs and convenience. Collaborations with esteemed financial technological partners like Bancnet, Instapay, PesoNet, Visa, and Temenos, the world’s leading banking software, highlighted the bank’s commitment to staying at the forefront of financial innovation.

Cebuana Lhuillier Bank President Dennis Valdes said that the awards serve as a reminder of the bank’s profound impact on diverse segments of society and added that this recognition will fuel the bank’s mission to continue supporting Filipinos in their financial journeys, inspiring people in making positive change.

“Let these achievements and recognitions be a reminder of the importance of our work, the impact we create in the lives of entrepreneurs, mothers, farmers, the working Filipinos just by offering products that they need. It is our mission to help Filipinos in their financial journey. May these awards inspire each of us to do more and work harder to help Filipinos” Valdes said.

World Economic Magazine is a US-based publication, committed to promoting the understanding of financial literacy and economic multi-polarity in today’s global economy and international trade for its global audience. It provides insights, comprehensive study, and best practices in the areas of resistance to change, people, leadership, products, services, communication, and other critical aspects of the present economy. It hosts economic awards recognizing the achievements in different areas of the global economy participated by the top financial companies internationally.

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Top (L-R): Jun Flores, Regional Head of Mindanao; Cliff Cabungcal, First Vice President and Group Head of Finance of Cebuana Lhuillier; Ernesto Raneses, Cebuana Lhuillier Bank Branch Operations Division Head; Andy Alcid, Cebuana Lhuillier Bank Director; Baby Banares , Cebuana Lhuillier Bank Director; Jimmy Ang, Cebuana Lhuillier Bank Vice President and Head of Business Banking Division.

Davao City – Cebuana Lhuillier Bank, the banking arm of Cebuana Lhuillier, the Philippines’ leading microfinance service provider, proudly announces the grand launch of its latest branch in Davao. Located at PJL Compound, 147 Juan Ave. corner McArthur Hi-way, Matina Davao, this strategic expansion marks a significant step towards fostering community empowerment and financial excellence in the region.

With a firm commitment to serving and uplifting local communities, Cebuana Lhuillier Bank Davao Branch brings forth the renowned Cebuana Lhuillier Service, coupled with unparalleled community empowerment initiatives and a suite of innovative financial products and services directly to the people of Davao.

Expressing his gratitude for the warm reception from the Davaoeño community, Jean Henri Lhuillier, President and CEO of Cebuana Lhuillier, reiterated the bank’s dedication to community empowerment through tailor-made financial solutions. “Our goal is to provide financial solutions that transform lives, businesses, and families. We are honored by the warm welcome from the Davaoeños, and we are committed to being your trusted partner in financial success,” stated Lhuillier.

Furthermore, Dennis Valdes, President of Cebuana Lhuillier Bank, extended his appreciation to the bank’s officers and employees for their relentless dedication, which has propelled the institution to remarkable achievements, including a 42% share in basic deposit accounts according to the Banco Sentral ng Pilipinas. “Our journey is ongoing, and we face challenges with confidence, united by our vision of financial inclusivity and commitment to transforming lives through financial education,” remarked Valdes.

The momentous branch launch was attended by esteemed executives including Senior Vice President of Cebuana Lhuillier Phillippe Andre Lhuillier, Cebuana Lhuillier Bank President Dennis Valdes, and other key company figures, marking a significant milestone in the bank’s continued growth and commitment to serving communities nationwide.

Cebuana Lhuillier cordially invites the Davaoeños to visit the Davao Branch at PJL Compound corner McArthur Hi-way, Matina Davao, to experience the convenience and empowerment that comes with Cebuana Lhuillier’s innovative financial solutions.

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