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Lao Development Bank (Luang Phrabang Branch) has issued 266 Billion Kip of Loan mainly for SMEs while receiving 299 Billion Kip of Deposit - just 2 months of year 2013 which almost reaching the target of 2012 at 321.25 Billion Kips ... so Lao Development Bank has full confident to get profit of 2 billion Kips in year 2013 .. Loan of Lao Development Bank has been distributed to Industries 15% Construction & relating materials 46% Agriculture 4% Commercial and Services 35%

Lao Development Bank (Luang Phrabang Branch) has controlled 12 ATMs including the one at Nam Bak and Muang Nan along with 4 sub branches and 3 FOREX stations and 3200 ATM cards have been issued.
http://www.ecom.org.la/teen/khao/1/13455

ICBC (Viengchan Branch) has been the branch to handle the monetary transaction center (Yuan clearing center) between Laos and Mainland China but it is planning to go further by becoming subsidiary company [ICBC Laos Co.Ltd. - just like ICBC (Thailand) ] to enable to expand the branches nationwide. Now, there are 400 oversea branches in 39 countries - making ICBC the biggest bank in both China and the world due the sheer size of the assets, deposits, profits and stock prices
http://www.ecom.org.la/teen/khao/1/13375

Banque pour le Commerce Exterieur Lao (BCEL) at Dong Dok Branch [the Second Branch of BCEL in Viengchan capital at Ban Kham Hung, Xaythani district of Viengchan Capital] manage to gain the assets at 1.075 trillion Kips wiht 575 billion Kip deposit and 500 billion Kip of loan - and BCEL is going to open the third branch at Lao National University at Dong Dok to serve the students and faculties.

BCEL has 18 branches + 45 service units + 195 ATM machines and 1250 EDC machines ... it is going to set up ATM pool with 8 leading domestic banks to facilitate the transactions to ready for AEC in 2015.
http://www.ecom.org.la/teen/khao/2/13036
 

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Sadly, even ICBC Global Does NOT have the address of ICBC (Laos) in Vientiane Capital at all!
Now, ICBC Lao has opened the web site with the snail mail address at:
Industrial and Commercial Bank of China LTD. VIENTIANE BRANCH
Address: Lanexang Avenue,Home No.12,Unit 15,Ban Hatsadee-Tai,Chanthabouly District,Vientiane
Tel: 00856-21-258888
Fax: 00856-21-258897
E-mail:[email protected]
P O BOX:7302
Swift: ICBKLALA
http://www.icbc.com.cn/ICBC/海外分行/万象网站/en/default.htm

Here is Lao Development Bank address:

Lao Development Bank
013 Building, Souphanouvong Avenue, Ban Sihome, Chanthabouli District, VIENTIANE CAPITAL
Tel: (856-21) 213300-03
Fax:(856-21) 213304, 222506
Website: http://www.ldb.org.la/
 

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^^
the true challenge are to set up the branch office in Thailand ... so far, they have simply rely on corresponding connections through SCB, BBL, TMB, BAY, KTB and so on so forth.
 

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Laos to build the tallest building BCEL Bank 25 stories




Here is the news about the 25 floor building for the new headquarter of BCEL at Ban Phon Papao, Sisattanak district of Viengchan Capital with a price tag of 85 Million Dollars ... a dimension of 41.5 x 63.2 meters and the usable area of 40,767 sq meter

Cornerstone which has been laid on 22 May 2013 - to be done in 3 years - the new face of Viengchan Capital

http://www.vientianemai.net/teen/khao/1/9416
 

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Maybank IB eyes Cambodia, Laos capital markets

http://www.thestar.com.my/Business/Business-News/2013/08/26/Maybank-IB-eyes-Cambodia-Laos-capital-markets.aspx

KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) plans to leverage on its parent, Malayan Banking group's presence in Cambodia, Laos to penetrate their capital markets there.

Maybank IB chief executive officer Tengku Datuk Zafrul Abdul Aziz said on Monday he was looking at organic growth for the investment banking business in the two countries.

Speaking to reporters after the launch of Maybank IB's fifth branch at Mutiara Damansara, he said: "We are still doing preliminary studies on these two markets. As they are frontier markets, we are definitely growing organically."

Maybank 12 branches in Cambodia and one branch in Laos.

Tengku Zafrul also launched its Powerbroking and M2U Mobile Apps on the Android platform.

Equities regional head managing director Ami Moris expected 25% to 30% revenue growth from its online and mobile contributions.
 

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Phongsavanh Bank making a clear policy that the first thing after upgrading into the full branch is to set up the new branches in Isan region - without even need to make a joint venture with local Thai Banks like Bangkok Banks even though Phongsavanh Bank has make an agreement with Bangkok Bank to allow Lao depositors to use Bangkok Bank ATM machines to withdraw cash in Thailand and Phongsavanh Bank pay the transaction expenditure ... Phongsavanh Bank badly want to help Isan folks who want to get better interest rates on deposits and cheaper rates for loan - offering microcredit loans - just 3% up to 70000 Baht

http://www.siamturakij.com/main/news_content.php?nt=4&nid=4671
 

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Congrats LAOS has joined the World Trade Organization last week as the 158th member

Today Maybank opens its first banking outlet in Laos.



With the opening of that branch, Maybank is now present in all ASEAN countries!

Maybank president and chief executive officer Datuk Seri Abdul Wahid Omar said the bank regarded ASEAN as its home market where:
MayBank (LAos)
Ban Hatsady
Lane Xang Avenue
Chanthabouly District
http://www.maybank.com/en/worldwide/all-countries/laos.page
 

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Latest Addition:

Lao Construction Bank
Cosco Rd, Unit 10, Phonesinuan Village, Sisattanak District,
Vientiane Capital Lao PDR

Phongsavanh Bank about Lao Kip - Vietnam Dong exchange

Lao Construction Bank - the latest addition

Aceleda Bank (Laos) advertising about ATM of the bank which can be used in both Laos and Cambodia

Lao Development Bank Advertising about Internet Banking

Indochina Bank which Korean Investors have invested in Laos
 

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Bank of Ayutthaya making a JV with BECL to allow BECL card holders to use Bank of Ayutthaya ATM machines while allowing Bank of Ayutthaya card holders to use BECL ATM machines while Bank of Ayutthaya going to set up Bank of Ayutthaya (Laos) Co. ltd. as the measure to make further investment while making a JV with Unity Capital Company Limited to deal with personal loan and leasing
http://www.manager.co.th/iBizchannel/viewNews.aspx?NewsID=9560000142062
 

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The Banque Pour Le Commerce Exterieur Lao Public (BCEL)has made a joint venture with KT-Zmico Securities Co., Ltd from BKK to form BCEL-KT Securities Co., Ltd. (BCEL-KT), to deal with Lao stock market (LSX)

Here is the address

BCEL-KT Securities Co. LTD
7th floor. LSX building,
Ban Phonethan Neua, Kamphengmeuang Road, Saysettha District,
Vientiane Cap, Lao PDR,
Tel. (Information): 856 21 265477; (Marketing): 856 21 265484, 856 21 265485, 856 21 265487
Fax: 856 21 265488;
http://www.bcel-kt.com/
 
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