Ms Souphaphone Souannavong (left) and Ms Lasy Meesavong (right) display the signed documents at the signing ceremony on November 13.

Lao Bullion Bank, Sabthavy Financial Institution sign MoU to expand credit access

The Lao Bullion Bank Limited (LBB) and the Sabthavy Financial Institution have signed a Memorandum of Understanding to expand the use of financial status certificates as collateral for loans, marking another step towards improving credit accessibility in Laos.

The ceremony for signing the MoU was held at the headquarters of the Petroleum Trading Lao Public Company in Vientiane on November 13. The Deputy Managing Director of Lao Bullion Bank Limited, Ms Souphaphone Souannavong, and the President of Sabthavy Financial Institution, Ms Lasy Meesavong, represented their respective organisations.
The agreement aims to facilitate easier access to credit for individuals and businesses seeking working capital, while enhancing financial liquidity and business capacity nationwide.
Speaking at the ceremony, Ms Souphaphone highlighted the importance of the collaboration in creating additional funding channels for those in need of capital.

“This partnership will provide another avenue for accessing funding sources in Laos, while continuing to expand gradually,” she said. “Together, we will also develop financial products, including guarantee letters for gold loans with Lao Bullion Bank and other related services.”
Financial status certificates are asset-backed documents that can be registered and used by commercial banks and financial institutions throughout the country. The certificates carry legal effect and are officially recognised by the Ministry of Finance.
The partnership represents a significant milestone for the Lao Bullion Bank as it continues to expand cooperation with financial institutions across the country.
For more information, contact the Lao Bullion Bank at  (021) 227272 or visit www.laobullionbank.com

By Times Reporters
(Latest Update November 19, 2025)