PROJECT

Projects

Summary of Investment Information

Project Number

44847

Company Name

ACLEDA BANK LAO LTD

Date SPI Disclosed

May 21, 2021

Country

Lao People's Democratic Republic

Region

East Asia and the Pacific

Projected Board Date

Jun 21, 2021

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Feb 2, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Jun 23, 2021
Signed : Nov 23, 2021
Invested : Dec 23, 2021

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed investment to ACLEDA Bank Lao Ltd. (“ABL” or the “Bank”) consists of a 3-year senior local currency loan of up to LAK93 billion (approximately US$10 million equivalent), to enable ABL to provide local currency funding to small and medium enterprises (“SMEs”) that have been negatively impacted by the COVID-19 pandemic in the country (the “Project”). 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation