Acleda Bank Lao Ltd.
- Active: Active
- Region: Asia & Pacific
- Country: Laos
- Sector: Banking
- Year: 2014
- Domicile: Laos
- Instrument: Loan
- Commitment (MNOK) as of 30.09.2018: 17.5
- Original Commitment (MNOK): 55.8
The market for financial services in Laos is underdeveloped and institutions such as the Bank are crucial to providing micro, small- and medium-sized enterprises (MSMEs) opportunities to grow and develop.
Norfund supported the Bank’s lending operation in 2014 by providing a local currency loan. The transaction was one of the first long-term local currency loans provided to a financial institution in Laos.
This project is providing excellent additional value because it is helping the Bank to diversify its funding base and thus helping to increase the availability of local currency funding to local MSMEs.