Lao Development Bank (LDB)

BanksBusinessFinance - Banking - MoneyGovernmentInvestmentsLao EconomyLatest News

State Enterprise Reform: Some Now Profitable, Others Dissolved

Two banks previously owned by the state and which suffered chronic losses have begun making a profit following major reforms that saw a 70 percent stake in the banks sold to local investors

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BanksBusinessFinance - Banking - MoneyGovernmentInvestmentsLao EconomyLatest News

Lao Banks Partner In Integrated Payment System

The Bank of the Lao PDR (BOL), the country’s central bank, on Monday officially launched the new joint venture Lao National Payment Network Co Ltd (LAPNet) in collaboration with seven major banks.

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BanksFinance - Banking - Money

ATM Pool System Goes Ahead

The Chinese government has agreed to provide a grant of 56 million yuan (more than 70 billion kip) to the Lao government to improve the Lao ATM Pool Switch (LAPS) project.
The pool system will effectively create a centralised ATM network, cutting unnecessary costs and saving time for customers as they will no longer have to seek out the ATM of a particular bank.
The system will also ….

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