According to the bank document, "the proposed investment to ACLEDA Bank Lao Ltd. (“ABL” or the “Bank”) consists of a 3-year senior local currency loan of up to LAK93 billion (approximately US$10 million equivalent), to enable ABL to provide local currency funding to small and medium enterprises (“SMEs”) that have been negatively impacted by the COVID-19 pandemic in the country (the “Project”). ACLEDA Lao is headquartered in Vientiane, the capital city of Lao PDR. It operates through a network of 38 branch offices and service units in the country, with 56 ATMs. The proposed investment can be made throughout the country."
The proposed Project consists of a straight senior loan (A loan) of up to LAK93 billion (approximately US$10 million equivalent) for IFC’s own account.
ABL is a 100% owned subsidiary of ACLEDA Cambodia Bank Plc. with 99.9% direct holding by ACLEDA Bank and 0.1% holding by ACLEDA Institute of Business.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||ACLEDA Bank||Parent Company||-|
|-||-||-||-||ACLEDA Bank Lao Ltd.||Client||-|
|-||-||-||-||ACLEDA Cambodia Bank Plc.||Parent Company||-|
1/ The Project Contact
ACLEDA Bank Lao Ltd.
Name: Mr. Outo Saechow
Title: Head of Treasury Department
Phone number: +856 21 261 765
Address: Unit 21, Phonesavanh Neua Village, Sisattanak District
Vientiane Capital, Lao PDR
2/ The IFC Contact
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
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