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Home Technology Tech Plus

4 million Filipinos open their very own Cebuana Lhuillier Micro Savings accounts

Manila StandardbyManila Standard
July 27, 2020, 7:00 pm
in Tech Plus
Reading Time: 2 mins read
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More than 4 million Filipino shave now opened their very own Cebuana Lhuillier Micro Savings account, a product of Cebuana Lhuillier Rural Bank, the banking arm of leading micro-financial services provider, Cebuana Lhuillier. This enables these previously unbanked individuals to enjoy access to a basic deposit account to securely save their money.

4 million Filipinos open their very own Cebuana Lhuillier Micro Savings accounts
Micro savings movement for unbanked Filipinos. Shown in photo are senior Cebuana Lhuillier executives, headed by President and CEO Jean Henri Lhuillier (center) during the launch of the #KayaNa: Unbanked Filipinos No More Movement with (from left) First Vice President & Head of the IMC Group Michael Sena, Senior Executive Vice president Philippe Andre Lhuillier, and Cebuana Lhuillier Rural Bank President Dennis Valdes.

“We are thrilled that millions of Filipinos have adopted our financial wellness philosophy and realized the importance of having savings. I assure our new clients that we are with them in their journey towards financial inclusion, especially during this pandemic,” said Jean Henri Lhuillier, president and CEO of Cebuana Lhuillier.

The Cebuana Lhuillier Micro Savings, which is a product of Cebuana Lhuillier’s banking arm, the Cebuana Lhuillier Rural Bank, provides Filipinos with a more convenient and affordable means to save their hard-earned money. Opening a micro savings account requires only one valid ID and a minimal P50 initial deposit. Account holders can deposit and withdraw anywhere at their most convenient time, owing to Cebuana Lhuillier’s network of more than 2,500 branches nationwide.

“There will be more exciting features coming to Cebuana Lhuillier Micro Savings within the year. Our clients can only expect a better micro savings experience from here on,” said Dennis Valdes, Cebuana Lhuillier Rural Bank president.

Tags: Cebuana LhuillierCebuana Lhuillier Micro SavingsCebuana Lhuillier Rural BankJean Henri Lhuillier
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