Ten Lao banks to seek loan for promotion of SMEs
VIENTIANE (Vientiane Times/ANN) – The Banking Operation Department under the Bank of the Lao PDR (BOL) has signed up 10 commercial banks to seek a loan of US$300 million from China Development Bank (CDB) for the promotion of small and medium-sized enterprises (SMEs) in Laos.
A memorandum of understanding (MOU) for the project was recently signed in Vientiane between the department and the Banque pour le Commerce Exterieur Lao Public (BCEL), Lao Development Bank (LDB), Agricultural Promotion Bank (APB), MARUHAN Japan Bank Lao Company Limited, Joint Development Bank (JDB), Lao-China Bank Company Limited, Lao-Viet Bank Company Limited, ST Bank Company Limited, Military Commercial Joint Stock Bank-Lao Branch and Saigon Thuong Tin Bank Lao Company Limited.
News Desk
http://annx.asianews.network/content/ten-lao-banks-seek-loan-promotion-smes-104290
