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The Agreement Signing Ceremony for cooperation between ACLEDA Bank Lao Ltd and Lao-Viet Insurance Company

January 3, 2020

On Friday, January 3, 2020, ACLEDA Bank Lao Ltd., Head Office held The Agreement Signing Ceremony for cooperation between ACLEDA Bank Lao Ltd (ABL) and Lao-Viet Insurrance Company (LVI). The agreement was honorably signed by Dr. Hay Svay, Managing Director & CEO of ABL and Mr. Nguyen Viet Hai General Director of LVI and was witnessed by the managements and staff of both sides.

The objective of this Agreement signing is to enhance cooperation, maximize the benefit by the best products and financial services to customers.

ABL and LVI has committed, Priorities for the use of products of each side, increase the sales volume of products, services of business partners and ensure for maintenance the information and customer documents of both sides.

ACLEDA Bank Lao Ltd is the subsidiary Bank of ACLEDA Bank Plc., the leading Bank of Cambodia. Presently, ABL has more than 1.000 staff to serve customer at 14 branches office and 25 Service units, 56 ATMs for 24 hours service and mobile banking "ACLEDA ThanChai" which is an application that the customer can do transaction at anytime anywhere.

Regionally, ACLEDA Group has ACLEDA Bank Plc., as parent company, and four subsidiaries operating in Cambodia, Lao PDRs and Myanmar and serving remittance services worldwide.

The Group has total assets over about USD 6 Billion and operates in 313 branches-offices, 683 ATMs and serving millions' customers using the commercial bank's products and services.

LAO VIET INSURANCE COMPANY (LVI) is a joint venture between Banque pour le Commerce Exterieur Lao (BCEL) and BIDV Insurance Corporation (BIC) - a member of Bank for Investment and Development of Viet Nam (BIDV), was set up and officially put into operation in June 2008 on the foundation of Lao-Viet friendship and cooperation. After the business operation, LVI became the second largest insurance company in the Lao insurance market, with 3 branches, 13 units, more than 100 employees and 300 agents nationwide. In particular, LVI is the first company in the insurance market to expand its insurance coverage through Bancassurance to banks, leasing in Laos.

ABL would like to take this opportunity to express our sincere thanks to all valued customers for using our bank's product and service. ABL will continue to develop a modern service system and products for customers.

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