SHB opens subsidiary in Laos

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.

H.Yen-Translated by M.Quyen

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