Official Website
Lao Services
Portal
Portal
View Service Measure
| Name | Requirement to declare a commercial bank incapable of meeting obligations |
|---|---|
| Description | The bank of the Lao PDR shall declare a commercial bank to be incapable of meeting its obligation if the prescribed conditions are met, which include if the regulatory capital is or is about to become substantially deficient. |
| Comments | - |
| Validity From | 30-08-1999 |
| Validity To | 31-12-9999 |
| Reference | Article 15 |
| Status | Active |
| Measure Type | Other measures |
| Agency Name | Bank of the Lao PDR |
| Legal Document | Regulation on Depositor Protection Fund No. 283/BoL, dated 30 August 1999 |