LOLC (Cambodia) Plc – one of the Kingdom's leading deposit-taking institutions – took part in a workshop organised by the National Bank of Cambodia (NBC) in Kampong Thom province on 15 June, 2023.
The event was held at the popular Steung Meas Restaurant with the aim of disseminating information on the riel national currency, financial literacy and the NBC's Bakong system.
The workshop was attended by HE Chea Serey, Deputy Governor of the NBC, as well as representatives of various ministries and institutions, the banking sector and private financial institutions.
The workshop's main purpose was to promote the riel as the Cambodian national currency, as well as provide education on the history of the NBC and the evolution of the riel over the past 43 years.
It was also intended to spread knowledge and promote greater understanding among the public about the NBC's Bakong system.
There was a free-to-attend Riel Exhibition offering a variety of interesting programmes such as the "Love The Riel" campaign, with the opportunity to swap old, damaged and torn banknotes, and gain greater financial knowledge.
There was also a quiz related to the economy and the riel, with many exciting prizes to be won, and live performances from Meas Soksophea, Mam Pichrith and Rolin Miss PhotoCity.
An LOLC Cambodia booth was present to showcase the leading deposit-taking institution's products to those interested in its wide range of services.
About LOLC (Cambodia)
LOLC Cambodia is the third largest microfinance deposit-taking institution in the Kingdom in terms of deposit balance, loan portfolio and number of clients.
As of June 2023, LOLC had:
• Total assets of approximately $1.5 billion.
• Loan portfolio of more than $1.25 billion.
• Deposit balance of around $806 million.
• More than 3,580 employees providing its services to customers.