Overseas Expansion

LOLC Bank Philippines Inc.

LOLC entered into a partnership with Tao Corp in Philippines in September 2019 to acquire a controlling interest of Inter Asia Development Bank (IADB). The company’s brand identity was changed to LOLC Bank Philippines Inc. in May 2021. The partnership between TAO and LOLC Group is expected to 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. LOLC Bank Philippines has 11 branches and intends to increase its footprint further across the country through branches and branch-lites.