Background:
Lao-China Bank is the first bank to be authorized by the Bank of the Lao PDR to be established as a Lao-Chinese joint venture bank, as well as to be approved by the Financial Institutions Inspection Bureau of the People's Republic of China, to be the first foreign-invested commercial banking organization.
According to the resolution, the registered capital of Lao-China Bank is 300 billion kips. Lao-China Bank consists of Lao Public Bank for Foreign Trade (hereinafter referred to as BCEL) and Futian Bank (hereinafter referred to as FDB). BCEL holds 49%, and FDB holds 51%. After obtaining a permanent financial business license from the Bank of the Lao PDR and a permanent enterprise registration from the Ministry of Industry and Commerce. The Lao-Chinese Bank was established and officially opened in Lao PDR, ranked 33rd commercial bank in the Lao PDR. The Lao-Chinese Bank has received a permanent financial business license from the Bank of the Lao PDR.
Examples include: receiving various types of deposits, securing loans, providing payment and collection services, issuing and managing foreign trading equipment, providing security services for documents and valuables; Issuance and trading of securities, financial representation, financial advisory services, investment, and investment advisory services and other business operations. By the laws and regulations set by the Bank of the Lao PDR.
In the future, Lao-China Bank will follow the motto of "Working together to win". To promote the socio-economic development of Laos as a business venture under the rule of law, developed by the standards, based on the increasingly strong Lao-Chinese cooperation, highlight the outstanding cooperation in banking, recognize good service, customer service, and customer service, to benefit employees and shareholders.
