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ACLEDA expands in Laos

ACLEDA expands in Laos

ACLEDA Bank announced the opening of its 12th office in Laos which will take place Friday in Khammouane province, according to a statement obtained Tuesday. The new branch, in Nongbuakham village, marks the latest expansion in neighbouring Laos for Cambodia’s second-biggest lender. A full range of banking services will be offered. Narin Phon, CEO and managing director of ACLEDA’s Laos operations said Tuesday that the bank enjoyed a strong 2009 with US$1.4 million in revenues as the country recorded an estimated 7.5 percent GDP growth.

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