Overseas Expansion

LOLC Bank Philippines

LOLC Bank Philippines was incorporated as Inter-Asia Development Bank (IADB) which was incorporated and registered with the Securities and Exchange Commission on May 14, 1996 and started commercial operations on May 21, 1996 upon issuance by the Monetary Board of the Bangko Sentral Ng Pilipinas (BSP) of authority to operate as a thrift bank, with the aim of enacting its vision for financial inclusion with clear focus on catering to underserved markets. The partnership between TAO and LOLC Group will serve the strategic objective of financial empowerment and inclusive social responsibility by empowering women and micro entrepreneurs, with LOLC replicating its function as a catalyst in inclusive, sustainable development.