Laos Interest Rates

The Laotian economy with a population of 6,695 million (est. 2013) ranks 124th in the world. It has a GDP PPP of approximately 20 billion and GDP PPP per capita of $3,068 vs. $53,101 (United States) according to the IMF in 2013. The national currency is the Lao kip(LAK) that is issued by Bank of the Lao P.D.R (www.bol.gov.la). Banks within the country offer variable and fixed interest deposit products including savings accounts, current accounts and fixed deposit accounts. The CIA website estimates the inflation to have been 6.5% in 2013 and 4.3% in 2012.

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Laos Banks

Showing rates for 5 Bank deposit providers in Laos.
BankBranchFoundedOwnership
Lao Development BankLao Development Bank181999Local
BCELBCEL181975Local
Lao Viet BankLao Viet Bank71999Foreign
Indochina BankIndochina Bank22009Local
Phongsavanh BankPhongsavanh Bank2007N/A

Laos Discussion Activity

  • Phongsavanh Bank
    Q: can i check my balance in my account by using online ?

    souphaxay from Vientiane, Laos
  • Phongsavanh Bank
    Q: I just want to know about my current loan request Kip25,000,000 and FYI i used to get loan from your bank twice - first time US$5,000 and 2nd time Kip25,000,000 without problem in repayment.However, my this time request has been submitted more than a month already, so, please may I have your decision soon.

    Lamphanh from Vientiane, Laos
  • Deposits
    Q: What is the minimum requirements (US Dollars)to be eligible for the 5 year fixed deposit program.Include all requirements such as citizenship and etc.

    will Evans from Thailand