Local bank opens office in Laos
LAOS — The Sai Gon-Ha Noi Commercial Joint Stock Bank (SHB) inaugurated its first representative office in Laos' southern province of Champasak on Wednesday.
This is the bank's second overseas representative office following its branch in Cambodia.
The office aims to meet the demands of various groups of customers, especially small-medium sized enterprises and foreign economic organisations.
SHB will become one of the 10 largest commercial banks in Viet Nam, with a charter capital of VND9 trillion (US$428 million) and assets of VND120 trillion ($5.7 billion), after merging with Habubank next Tuesday, according to State Bank of Viet Nam.-VNS