Agreement on Secured and Mortgaged Assets
关于担保抵押资产的协议
ຂໍ້ຕົກລົງ ວ່າດ້ວຍຫລັກຊັບຄ້ຳປະກັນ
Summary
An agreement issued by the Governor of the Bank of Laos abolishing the restriction that commercial bank loans shall not exceed 90% of collateral assets, stipulating that loan approval should be based primarily on project benefits, with collateral assets to be determined at the discretion of commercial banks.
Articles
Article 1
Abolish the regulation that lending must not exceed 90% of the value of collateral assets. When approving loans, commercial banks shall primarily base their decisions on project viability; collateral assets shall be determined at the discretion of the commercial banks. If a project is viable, loans may be granted even if collateral assets are insufficient.
Article 2
The head office of the commercial bank shall be informed and shall correctly organize implementation.
Article 3
The General Office, the Commercial Bank and Financial Institution Management Department, and all commercial banks shall be informed of and strictly comply with this agreement.
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