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| Name | Approval for providing external lending |
|---|---|
| Description | A legal person in Lao PDR desirous of extending loans externally must apply to the Bank of The Lao PDR with the following documents: an Application for the external loan extension; Balance sheet and financial statement audited by the external auditor; The draft of the loan contract between borrower and creditor; Resolutions of the board of directors’ meeting or shareholders’ meeting of the lender; Payment guarantee issued by a credible bank in the country of the borrower. |
| Comments | - |
| Validity From | 02-04-2010 |
| Validity To | 31-12-9999 |
| Reference | Article 21 |
| Status | Active |
| Measure Type | Administrative Requirements |
| Agency Name | Bank of the Lao PDR |
| Legal Document | Instruction on Implementation of Decree Law on Management of Foreign Currency and Precious Metals No. 1/PC dated 17 March 2008 No. 01/BOL, dated 2 April 2010 |
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| Description |
|---|
| Banking and other financial services (excluding insurance) |