Lao People’s Democratic Republic
Peace Independence Democracy Unity Prosperity
|Bank of Lao PDR||No. 752/BOL|
|Vientiane Capital, date 30 November 2007|
The Governor of the Bank of the Lao PDR Decided:
Article 1: To terminate issuance of credit of less than 90% collateral. Regarding consideration for credit approval of commercial banks in the future, is mainly based on the project efficiency with the discretion of commercial banks on collateral. If the project has efficiency even without adequate collateral, banks can issue credit.
Article 2: Headquarters of commercial banks shall acknowledge and accurately implement.
Article 3: Permanent Office, Department of the Management of Commercial Banks and Microfinance Institutions, commercial banks shall acknowledge and strictly implement this Decision.
Article 4: Effectiveness
Any Decisions, Guidelines and regulations that are conflict with this Decision shall be cancelled. This Decision is effective from the date of signature.
Minister of Industry and Commerce
(Signature and Seal)