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ACLEDA Bank Lao Ltd.

 »  Media  »  Our News  »  Customer Can Borrow Up to LAK 17 Billion or USD 2 million from ACLEDA Bank Lao to Grow Together

Customer Can Borrow Up to LAK 17 Billion or USD 2 million from ACLEDA Bank Lao to Grow Together

August 13, 2018

ACEDA Bank Lao Ltd. 'ABL', the bank you can trust the bank for the people, sees the faster growth with the noticeable increase of the number and balance of deposit in the first 7 months of 2018. The Bank's vision is providing superior financial service throughout Lao PDR for all type of entrepreneurs and continuing to grow together with the loyal customers. Recently, each customer, especially medium size or large scale business, can borrow from ACLEDA Bank Lao up to LAK 17 Billion or about USD 2 Million based on the customer's profile, qualification, and related requirements.

For the first 7 months, ACLEDA Bank Lao sees a good trend of deposits by which the numbers of accounts have surged about 8.000 accounts or 7,84% in compared to the achievement by the end of last year, in addition to the high sources of funds from partners in various countries.

Managing Director and CEO of ACLEDA Bank Lao Ltd., Dr. Hay Svay, said the growth trend of deposit from the public and loyal customers keeping increase with various funding. So the Bank has good ratios and high liquidity to serve the suitable credit products for customers at all level for the capital need and business expansion properly. He adds that ACLEDA Bank Lao focuses on lending facility in the diversified way for all MSMEs and also large scale businesses in the Lao PDR as a whole.

Mr. Mekhala Khotpanya, Head of Credit Department, raise that ACLEDA Bank Lao Ltd. has served the public in a fast and more convenient way with enough sources of funds. ACLEDA Bank Lao has disbursed to over 150.000clients with total amounted of loan disbursed, equal in US Dollar over USD 600 million by the end of July 2018. All customers can borrow at a relative small to medium amount for the entrepreneurs of MSMEs. In particular for medium and large scale business, each customer can borrow from ACLEDA Bank Lao up to LAK 17 billion or about USD 2 Million. "The Bank serves all customers with the credit process in a faster and transparency way", he added.

By the end of July 2018, ACLEDA Bank Lao Ltd. employs over 1.000 Laotians management-staff and operates in 15 provinces and town in the Lao PDR. The Bank has deployed nearly 100 POSs, 56 ATMs and especially the mobile phone banking service, well known as “ACLEDA ThanChai” a virtual 'Bank in your hand to use ACLEDA Bank Lao's products and services at any time, any day, anywhere.

Currently, ACLEDA Group has ACLEDA Bank Plc., as parent company, and five subsidiaries including ACLEDA Bank Lao Ltd., ACLEDA Securities Plc., ACLEDA Institute of Business, ACLEDA MFI Myanmar Co., Ltd. and ACLEDA Properties Ltd., and the Bank also has its representative office in Myanmar. The ACLEDA Group has total assets nearly USD 6 billons and operates in 311 branches and offices with 502 ATMs regionally.

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