Saigon Hanoi Bank (SHB) on January 15 officialy opened and put into operation a subsidiary bank in Laos’ Vientaine capital. This is the second Vietnamese commercial bank granted license in Laos.
The banks has its chartered capital of US$ 50million and set also up its branch in Champasak.
It is expected to open 15 transaction centers in next five years and build human resource system with over 300 high-level employees. It is set up a target to reach net profit of US$ 9.15million.