LAPO Microfinance Bank Limited (Feb 2025)
LAPO’s activities are largely funded by core customer deposits, which accounted for 77.8% of the total funding base as of June 2024 (December 2023: 74.5%; December 2022: 69.6%). This also translates to relatively low funding costs as deposits are largely current and savings deposits comprising 86.5% in 2023 (December 2022: 92.8%), comparing favourably with peers. Additionally, depositor concentration is relatively low and well diversified.