Vientiane Capital, 19th of July 2022 – Banque Franco Lao Ltd (BFL) signed the 3rd tranche of the funding agreement with Lao Holding State Enterprise (LHSE), to provide an additional USD 7 million to finance strategic developments of the Lao PDR.
Following the largely successful of a second tranche financing last June, this 3rd tranche agreement between BFL and LHSE represents a significant achievement in their cooperation with the aim of supporting and strengthening the financial capacity to continue to develop the energy sector of Laos through sustainable, long term financial solution.
BFL is a full commercial bank providing companies with a complete range of financing and transactional solutions. BFL is committed to support our customers with growth potential as well as play a pivotal role to drive Laos’s economic growth. BFL already participated in major projects financing in the Lao PDR in different sectors such as energy, industry, real estate, and hospitality.
“We are proud of our contribution to the local economy, and we will continue to do our best to finance its development in the coming decades. We are part of the 17th banking group in the world, and Laos has a particular significance as it is the first country in Southeast Asia where our group invested, before Thailand, Cambodia or Myanmar. In this regard, the financing agreement with LHSE perfectly meets our goals as we know that the energy sector in Laos is full of potential, not only in hydro but also in renewable energies.” – Mr. Bounmy, the Deputy Managing Director of BFL said.