Speaking at the ceremony, General Director of Sacombank Laos Pham Quang Phu said since its presence was launched in Laos in 2008 with a total registered capital of US$12 million, the bank has so far raised its chartered capital to US$39 million.
As of May 31, Sacombank Laos booked assets worth US$121.6 million and served more than 3,100 corporate and individual clients, he said.
The inauguration of Champasak branch reflects Sacombank Laos’s determination to do long-term business in the country and forms part of its strategy to open branches in all cities and provinces nationwide, he said.
Nah Chantalivong, Director of the Laos State Bank’s southern branch, expressed his belief that the newly-inaugurated Sacombank Laos branch would continue to succeed in the future.
In his speech, Secretary and Governor of Champasak province Bounthong Divisay confidently stated that the Sacombank Laos branch would help improve the lives of southern Lao people, and pledged his strong support for the branch which is expected to be a model of business in the province.
On the occasion, Sacombank Laos presented US$5,000 to the support fund for disadvantaged people in Champasak and the same amount to the Association of Overseas Vietnamese in Pakse to support victims of the Dao Heuang market fire in May.
