PROJECT

Projects

Summary of Investment Information

Project Number

39141

Company Name

ACLEDA BANK LAO LTD

Date SPI Disclosed

Jan 12, 2017

Country

Lao People's Democratic Republic

Region

East Asia and the Pacific

Projected Board Date

Feb 10, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Apr 23, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : May 31, 2017
Signed : May 31, 2017

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed investment to ACLEDA Bank Lao Limited (“ACLEDA Lao” or “the Bank”), a long term partner of IFC in Lao PDR, consists of a guarantee of up to US$9.2 million equivalent in Lao Kip of a senior loan provided by a third party lender. The purpose of the loan is to support ACLEDA Lao’s lending program to small, and medium enterprises (“SMEs”) in Lao PDR, including to women-owned or women-run businesses.

Associated Advisory Engagement

There is no associated advisory service for this project

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation