MB opens branch in Laos

The Military Commercial Joint Stock Bank (MB) launched its branch in Patuxay Building, 68th Kaysone Phomvihane Boulevard, Laos on December 30.

The branch has its initial investment capital of US$12 million and serves Vietnamese investors and local businesses as well as individual customers.

The services provided will include short, medium and long term investment loans for expanding production and import-export activities of economic institutions, remittance transfers and cards services.

The presence of MB in Laos will strengthen the ties and boost trade and investment relations between Vietnam and Laos. It also aims to better serve MB customers in Laos and enable the bank to expand its operation worldwide. – VOV

Posted by VBN on Dec 31 2010. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry