Sacombank aims to be known as the most modern bank in Laos following the opening of its new headquarters in Vientiane in the third quarter of this year.
Head of the sacombank Lao Branch Mr Pham Duc Duy said “We have basically completed the installation of offices, tools, and machines, and are preparing step-by-step for the expected opening in the third quarter of this year.”
Sacombank has been operating in Laos for more than 3 years and now has total deposits of over US$68 million and has disbursed loans worth about US$45 million. Profits in 2011 tripled compared to the previous year.
During its three years of operation in Laos, Sacombank has nurtured the principles of ‘safety, efficiency, and sustainability’, aiming to create a solid reputation among its customers.
To stimulate the purchase of homes and automobiles, the bank provides preferential loans and mortgages that are interest free for the first month.
Mr Pham says that based on 20 years of experience in the banking world, from day one the motto of the bank’s Lao operations has been ‘devoting, dedicating and contributing’ to its customers.