The bank was established in 1997 in Luoyang City, China, as a joint-stock city commercial bank. Today, BOL has a reputation in the community as an SME bank that focuses on serving the local economy and city residents. As part of its efforts to serve SMEs, BOL took a leadership role in setting up a dedicated Small Enterprise Financial Service Center for Luoyang in 2008. The bank has more than 90 branches throughout Henan Province serving 2.82 million clients, with total assets of US$25.67 billion and a loan portfolio of more than US$9 billion.
In late 2015, BOL entered into a 3.5-year risk-sharing facility with IFC and Goldman Sachs 10,000 Women via their Women Entrepreneurs Opportunity Facility, supporting the bank’s US$140 million lending portfolio to women-owned SMEs. This spurred BOL’s decision to develop a dedicated Banking on Women Program in 2016. BOL’s holistic strategy for the program incorporates both financial and non-financial services, which the bank is leveraging to position itself as the bank of choice for women in Luoyang.