Banque pour le Commerce Exterieur Lao Public

Banking in Laos a thriving business 0

Banque Franco-Lao Ltd (BFL) is a joint venture between the BRED Group and BCEL.

Banque Franco-Lao Ltd (BFL) is a joint venture between the BRED Group and BCEL.

Reposted from Vientiane Times

The number of banks setting up in Laos has been increasing recently, reflecting the growth in the banking business here as the country’s economy expands. The growth rate of Banque Franco-Lao Ltd (BFL), a joint venture between the BRED Group and Banque pour le Commerce Exterieur Lao Public (BCEL), reportedly doubled between 2011 and 2012 and now expects to grow by 50 percent in 2013. More…

IFC helps Lao Commercial Bank improve trade financing for importers and exporters 0

Mr.Vankham Voravong, shaking hands with a IFC regional manager for the Mekong region in Vientiane.

Mr.Vankham Voravong, shaking hands with a IFC regional manager for the Mekong region in Vientiane.

Reposted from KPL Lao News Agency

IFC, a member of the World Bank Group, will provide a trade finance line of $5 million to Banque pour le Commerce Exterieur Lao Public, the largest commercial bank in the Lao PDR. This will allow the bank to help smaller Lao private companies increase trade, generate foreign exchange, and create jobs, according to IFC press release yesterday. More…

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