SHB aims for its own subsidiary in Laos

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SHB aims for its own subsidiary in LaosSHB General Director Nguyen Van Le told Governor of the Lao Central Bank Somphao Phaysith at a meeting in Hanoi on December 17.

SHB opened its branch in Laos in August 2012. After more than one year of operation, the branch has developed steadily with its total loans reaching VND585 billion (US$27.8 million), up 547% from late 2012 and a profit of VND8.3 billion earned from different social and welfare activities.

Somphay spoke highly of SHB’s achievement over the years, which have contributed to socio-economic developments in Laos, particular in Champasak province.

He presented a certificate of merit to SHB and affirmed his support for its plan to expand operation in the country.

(VOV)

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