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Discussion Starter #2
Agricultural Promotion Bank
Vientiane Municipality 58 Hengboun Street, Ban Haysok
Phone:(856-21) 212024, 223 713-4
Fax:(856-21) 213 957, 217 952

Bangkok Bank

Banque pour le Commerce Extérieur Lao

Joint Development Bank

Lanexang Bank Limited
Vientiane Municipality 06-10 Sethathirath Road
Phone:(856-21) 213 400-2, Fax:(856-21) 213 403-04

Lao Viet Bank
05 Lanexang Avenue, Vientiane Municipality.
Phone:(856-21) 251 444-22, Fax:(856-21) 212 197

Laomay Bank Limited
Vientiane Municipality 39 Pangkham Road.
Phone:856-21) 213 300-1, 251 112-3, Fax:856-21) 213 304, 222 506

Public Bank

Siam Commercial Bank
117 Lanexang Avenue, Vientiane Municipality.
Phone:(856-21) 217 306-7 213 500-2,

Standard Chartered Bank Laos

Thai Farmers Bank
Lanexang Avenue, Vientiane Municipality.
Phone:(856-21) 213 550-4, Fax:(856-21) 215 399

Thai Military Bank
69 Khounboulam Street, Vientiane Municipality
Phone:(856-21) 217 174 , 216 486, Fax:(856-21) 216 486

Vientiane Commercial Bank Ltd.
33 Lanexang Avenue, Vientiane Municipality.
Phone:(856-21) 222 700-5, Fax:(856-21) 213 513

22,807 Posts
Khun AsianDragons,

You failed to add Phongsavanh Bank (Opened 29 March 2007) which is a big SHAME!

Take a look at Phongsavanh Bank here:

Here is the updated info and please make a correction accordingly
[1] Agricultural Promotion Bank
58 Heangboun Road, Haisok Village, Chanthabouly District, Vientiane Capital
Phone:(856-21) 212024, 223 713-4
Fax:(856-21) 213 957, 217 952

[2] Bangkok Bank Public Company Limited, Vientiane Branch
140 unit 08 Hadsadee Road ,
Vientiane. (P.O. Box 5400)
LAO People 's Democratic Republic
Tel: (856-21) 213-560,250-474
Fax: (856-21) 213-561
Telex:(0804) 4399 BBLVTE LS
E-mail: [email protected] Bank/About Bangkok Bank/About Us/International Branches/Pages/Branch in Laos.aspx

[3] Banque Pour Le Commerce Exterieur Lao PCL (AKA Thanakarn Thor Thor Tor Lor - Thanakarn Karnkha Tangprathet Lao Mahachon)
No 01, Pangkham Street, Ban Xiengnheun, Chanthabouly District, Vientiane Lao PDR
Tel: (856-21)213200, 222495, (856-21) 213202, 223012 E-Mail:[email protected]

[4] Joint Development Bank
82 Lane Xang Road, Vientiane Capital,, Lao PDR. P.O. Box 3187

[5] Lanexang Bank Limited => already merged with Lao May Bank to form Joint Development Bank - so this one has to be crossed out.

[6] Lao Viet Bank - A JV between Bank for Investment and Development of Vietnam (“BIDV”) and Banque Pour Le Commerce Exterieur Lao PCL (“BCEL”) of the Lao P.D has a branch in Hanoi, Saigon, and Champasak
44 Lanexang Avenue, Vientiane Capital,
Phone:(856-21) 251 444-22, Fax:(856-21) 212 197

[7] Laomay Bank Limited => already merged with Lao May Bank to form Joint Development Bank - so this one has to be crossed out.

[8] Public Bank Vientiane Branch
100/1-4 Talat Sao Road P.O. Box 6614
Vientiane Capital, Lao P.D.R
Tel: 856-21-223 394-5
856-21-216 614
Fax: 856-21-222 743
Telex: 4310 PBBVTE LS
Email: [email protected]

[9] Siam Commercial Bank PCL, Vientiane Branch
117 Lanexang-Samsenthai Road,
Ban Sisaket, Muang Chathabouri,
Vientiane Capital, Lao PDR. P.O. Box 4809
Phone:(856-21) 217 306-7 213 500-2,

[10] Standard Chartered Bank
Laos Representative Office
House No. 249 Unit 18
Nongbone Street
Pongsa-art Village, Xaysettha District Viengtiane Capital, Lao PDR

[11] Kasikorn Bank (Thai Farmers Bank) Vientiane Branch
Sadly, Kasikorn Bank has already shut down the operation in Laos due to economic hard time ... You better cross this name out

[12] Thai Military Bank Vientiane Branch
34/2 Unit 6 Ban Haysok Samsenthai Road,
Chanthabouli District, Vientiane Capital, Lao P.D.R.
Tel : 007-856-2121-6486, 007-856-2121-7174
Fax : 007-856-2121-4726
Open : Monday - Friday 8:30 - 17:00
E-mail : [email protected]

[13] Vientiane Commercial Bank Ltd. - actually ANZ Vientiane Commercial Bank Ltd.
33 Lanexang Avenue, Vientiane Capital
Phone:(856-21) 222 700-5, Fax:(856-21) 213 513

Here is a few more Thai Bank in Laos which has to be added according to Thai sources:

[14] Krung Thai Bank PCL. Vientiane Branch
Address: 80 Lanexang Road, B.Xiengngeuanthong M.Chanthabouly, Vientiane Capital, People’s Democratic Republic of Lao
Tel & Fax: (856-21) 213-480, (856-21) 222-761, (856-21) 222-762
E-mail: [email protected], [email protected]

[15] Bank of Ayudhya PCL Vientiane Branch
084/1 Unit 13 Lane_xang Avenue, Vientiane Capital, Lao P.D.R.
Tel: (856-21) 214575-6 , 213521
Fax: (856-21) 213520

[16] ACLEDA Bank Lao Ltd.
# 372, Corner of Dongpalane and Dongpaina Road,
Unit 21, Phonesavanh Neua Village, Sisattanak District,
Vientiane Capital, Lao PDR.
P O Box: 1555
Tel: (856-21) 264 994, 264998
Fax:(856-21) 264 995, 219228
E-Mail: [email protected]

[17] International Comercial Bank.
127/07, Ban Hatsady Tay, Chanthabouli Dist, Vientiane Capital, Lao PDR
Tel: 021 250388, 021 250420
Fax:021 250479

[18] Nayobay Bank - state enterprise bank separated from Agricultural Promotion Bank in January 2007 to issue the cheap loan for the poor without the deposits from the retailers
Kaisonphomvihan Road, Ban Phonphanao, Saysettha District, Vientiane Capital
Tel: 021 264407-21
Fax: 021 264408

[19] Sacom Bank Lao Branch
Address: 175/02 Saylom, Ban Hatsady, Chanthabouli District, Vientiane Capital, Democratic People's Republic of Laos
Phone: (856) 2126 0400 - Fax: 856 2126 0402
Tel: 856-21-260400ext1
Fax: 856-21-260402
Mobilr: 865-20-22222230

[20] ST Bank
114 Samsandthai Street,
Anou Village
Chanthabuly District
Vientiane Capital
Tel : (856-21)241 559-62
Fax : (856-21)241564

21. Indochina Bank - JV between Lao government and Korean Investors (Kolao Holding Co.Ltd ->
Capital Tower, 116,23 Singha Road, P.O. Box 6029 Vientiane Capital, Lao PDR,
Tel: (856-21) 455-000-2
Fax: (856-21) 455-111
E-Mail: [email protected]

[22] Phongsavanh Bank
Unit 01, Kaisorn Phomvihane Road, Ban Phakhao, Xaythany District, Vientiane Capital, Lao PDR
Telephone: (+856- 21) 711522, 711533, 215666
Email: [email protected]

[23] Booyoung Lao Bank (owned by Booyoung Company Ltd [real estate firm from South Korea] Opened since 2009)
Nongborn Road, Ban Phonxay, Saysettha District, Vientiane Capital
Tel: 021 454500-2
Fax : 021 454501

[24] Banque pour le Commerce Exterieur Lao
No.1 Pangkham Road, Bane XiengNheun, Chanthabouli District, Vientiane Capital
Tel: (856-21) 213200-1, 223243-4, 217899
Fax: (856-21) 218976, 223243

[25] Bank of Laos PDR (Thanakarn Haeng Sor Por Por Lao)
Yonnet Road, P.O.Box 19 Vientiane Capital, Lao PDR
Tel: 021 - 213 109

List of Banks in Laos can be seen here:

22,807 Posts
At least Phongsavanh Bank just opening the representative office in BKK in the following address

Phongsavanh Bank - Representative Office
Room 0906 ,
9th Floor Zuellig House Building,
1 Silom Rd, Si Lom, Bang Rak, Bangkok, 10500
Tel. 662-231-8362
Fax. 662-2231-8121

However, I heard that it is going to move to Central World, but I'm not so sure which room and which floor this representative will occupy.

Nevertheless, Phongsavanh Bank has rumored about being closed in late May 2010... until the Bank has been proven that it has a solid background and being up to the international standard with approval from BOL ..

22,807 Posts
Not so sure, but City Bank just opens the Central World branch at the 4th floor - B-Con section of Central World in Feb 2012.

Here is the new about the Representative Office of Phongsavanh Bank at Central World - let me see which floor and which section once I have come to central Worldแบงก์“พงสะหวัน”บุกไทย/

22,807 Posts
According to this news indeed:

Maybank seeks banking licence in Laos while HLB hopes to raise stake in China’s Bank of Chengdu
[email protected]

KUALA LUMPUR: Malayan Banking Bhd (Maybank) is eyeing a banking license in Laos while Hong Leong Bank Bhd (HLB) is hoping to raise the bank's stake in the soon-to-be-listed Bank of Chengdu Co Ltd.

Maybank president and chief executive officer Datuk Seri Abdul Wahid Omar said that the bank had applied to open a branch in Laos and this would complete the group's presence in the Asean region.

He said the bank was still awaiting approval from the relevant authorities and had not set a target when it would commence operations in Laos.

At the same time, Wahid said it was looking to further strengthen its presence in the region, among others, by converting its representative office in Myanmar to a branch office, although he did not specify the timeframe as to when this would take place.

Wahid says Maybank is targeting to derive 40% of its earnings from international operations by 2015

The banking group currently has more than 2,200 branches internationally. In Thailand, for example, he said it intended to pursue retail and commercial banking operations there, where it now had investment banking and equity brokerage businesses.

In the Middle East, he said the bank already had a branch in Bahrain and that it was in the midst of looking at increasing its stake in the Saudi Arabian investment banking associate Anfaal Capital from the current 18%.

In India, Maybank has operations via Maybank KimEng and was also in the midst of re-activating its PT Bank Internasional Indonesia Tbk's Mumbai branch.

Wahid said Maybank was targeting to derive 40% of its earnings from international operations by 2015.

Meanwhile, HLB is looking to raise its stake in its 20%-owned associate Bank of Chengdu. However, the government has a 20% limit on foreign banks' holdings in Chinese retail banks.

Hong Leong group managing director and CEO Yvonne Chia said: “As long as the government today allows only a maximum of 20%, I don't think we can do much about it. When we have a chance to increase our stake, of course we will.”

Chengdu is currently in the queue to file an initial public offering (IPO) on the Shanghai Stock Exchange's A-share market. “We have submitted applications for the IPO. I'll wait for the outcome. We can only take 20% of what the law allows,” Chia said.

One of the bank's key strategies to improve return on assets and return on shareholders' funds is in its strategy for consumer banking. “In particular, our strategy for consumer banking is to rebalance, remix yield management and at the same time also bring in efficiency through the e-banking channel wherever we can,” Chia said.

On business banking, she said the key opportunity for HLB was to grow global markets to cross sell and capture the competencies that it had in its trade customers, the trade flows and analytics it had in business banking and translate that into solutions for its customers.

“With the merger with Eon Bank, we have grown our market share in the segment to about 9%, where previously it was between 2% and 3.5%,” Chia said.

She said HLB aimed to move its Islamic bank from a consumer Islamic bank to a wholesale bank. The contribution there will be from transaction income in Islamic wholesale and investment banking, treasury and wealth management.

“Post the merger, the benefit that we have is the relationship with the Government. We hope to further bring that to the next level,” Chia said.

She also said that as part of its merger plans with Eon Bank, HLB aimed to raise more ringgit funding. “We have raised US dollars funding for our normal working capital and we are in the midst of raising ringgit funding to boost our capital,” she said.
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