Sacombank Laos opens new Savannakhet branch
17:19 | 03/10/2017

VGP - The Lao branch of the HCM City-based Saigon Thương Tín Commercial Joint Stock Bank (Sacombank Laos) has inaugurated a branch in the Lao central province of Savannakhet.

Speaking at the ceremony, Director General of Sacombank Laos Pham Quang Phu said the inauguration of the branch reaffirms the bank’s determination to do long-term business in the country and bring its modern products and services to Lao customers.

As of August 31, 2017, the total assets of Sacombank Laos stood at US$157 million and its pre-tax profit in the first eight months of this year reached US$1 million, fulfilling 68% of the annual target, he noted.

In his speech, Vice Governor of Savannakhet province Thonkeo Phoutthakaiyalard said the launch of Sacombank Laos’ branch in the province not only generates jobs for locals but also contributes to the local social-economic development in the coming years.

He said local authorities will create the best conditions for the branch to operate efficiently.

On the occasion, Sacombank Laos presented $6,000 to a fund for disadvantaged people in Savannakhet province.    

By Vien Nhu

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