ACLEDA Bank Lao Ltd.

 »  Financial Information  »  Audited Financial Statements  »  For the year ended 2015

Audited Financial Statements

Balance Sheet

As at December 31, 2015

  2015
LAK
2014
LAK
ASSETS
Cash and amounts due from other banks 254,190,014,767 362,989,200,150
Statutory deposits with the BOL 22,097,001,198 91,018,939,048
Investment in securities - 1,616,200,000
Loans and advances to customers (net of specific provision) 799,505,993,567 663,087,337,914
General provision for loans and advances to customers (8,003,775,243) (6,689,036,495)
Intangible assets 8,798,686,428 9,059,868,692
Property and equipment 26,214,726,877 31,061,265,219
Other assets 19,454,171,341 20,727,907,200
TOTAL ASSETS 1,122,256,818,935 1,172,871,681,728
LIABILITIES AND EQUITY
LIABILITIES
Amounts due to other banks 15,001,000,008 1,000,008
Amounts due to customers 686,483,029,400 635,097,621,630
Borrowings 106,683,685,087 225,962,000,000
Other liabilities 51,578,050,423 36,336,682,855
TOTAL LIABILITIES 859,745,764,918 897,397,304,493
EQUITY
Paid-up capital 300,000,000,000 300,000,000,000
Deficit (37,488,945,983) (24,525,622,765)
TOTAL EQUITY 262,511,054,017 275,474,377,235
TOTAL EQUITY AND LIABILITES 1,122,256,818,935 1,172,871,681,728

Statement of Income

For the year ended December 31, 2015

  2015
LAK
2014
LAK
Interest and similar income 121,463,478,531 113,118,502,078
Interest and similar expense (59,719,933,647) (62,170,564,848)
NET INTEREST AND SIMILAR INCOME 61,743,544,884 50,947,937,230
Fee and commission income 28,797,645,139 17,347,827,836
Fee and commission expense (2,333,950,277) (997,671,999)
NET FEE AND COMMISSION INCOME 26,463,694,862 16,350,155,837
Net gain from dealing in foreign currencies 935,104,924 851,409,294
Other income 20,276,161,658 8,870,754,689
OTHER INCOME 21,211,266,582 9,722,163,983
Payroll and other staff costs (56,807,842,113) (42,714,778,499)
General and administrative expenses (26,158,546,260) (24,645,103,821)
Depreciation and amortisation charges (11,029,958,389) (9,929,455,604)
Other operating expenses (13,587,690,717) (6,227,894,357)
TOTAL EXPENSES (107,584,037,479) (83,517,232,281)
NET OPERATING (LOSS)/PROFIT 1,834,468,849 (6,496,975,231)
Specific provision expense for loans and advances to customers (32,653,399,125) (32,492,435,444)
Reversal of specific provision for loans and advances to customers 17,855,607,058 14,727,492,819
Net specific provision for loans and advances to customers (14,797,792,067) (17,764,942,625)
LOSS BEFORE TAX (12,963,323,218) (24,261,917,856)
Income tax expense - -
NET LOSS FOR THE YEAR (12,963,323,218) (24,261,917,856)

Note:

  • Please click here for our financial reports 2015 brochure in Laos.
  • You may find more detailed reports in our Annual Reports.

Headquarters

#372, Corner of Dongpalane and Dongpina Road,
Unit 21, Phonesavanh Neua Village, Sisattanak District,
Vientiane Capital, Lao PDR. P.O. Box: 1555

Tel: +85­6 (0)21 264 994 / 264 998
Fax: +85­6 (0)21 264 995 / 219 228
E-mail: acledabank@acledabank.com.la
Website: www.acledabank.com.la
SWIFT Code: ACLBLALA
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