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.

Read More

Laos Banks

Showing rates for 5 Bank deposit providers in Laos.
Provider Branch Founded Ownership
Lao Development Bank Lao Development Bank 18 1999 Local
BCEL BCEL 18 1975 Local
Lao Viet Bank Lao Viet Bank 7 1999 Foreign
Indochina Bank Indochina Bank 2 2009 Local
Phongsavanh Bank Phongsavanh Bank 2007 N/A

Laos Discussion Activity

  • BCEL - Deposits - BCEL 5 Year Fixed Deposit
    Q: Can I open a fixed deposit account at BCEL if I am not a Laos citizen?

    Reply joe from Scottsdale, United States
  • Deposits
    Q: I want to deposit a some sum in the your bank and fixes it for a determined time send me all information including what visa i have to have and as do it.

    Reply Jhon from Huai Khwang, Thailand
  • Phongsavanh Bank
    Q: can i check my balance in my account by using online ?

    Reply 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.

    Reply 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.

    Reply will Evans from Thailand
    • R: Hi, As a foreigner you require a red Lao residence permit and associated business VISA/ residence VISA to open an account with a Lao Bank. you cannot open an account with just tourist VISA etc. You need to open a deposit account before you can open a term deposit.

      Reply Mike Squirrell
  • Lao Viet Bank
    Q: How much the rate of interest to deposit in lao viet bank?

    Reply Sone from Laos
  • BCEL - Deposits
    Q: I already have a saving account with BCEL. I would like to ask you about the 5 year fixed deposit (Monthly) interest rates. Is it 11.65% or 11% for monthly? I am comparing with other Banks in Laos to see which bank can give me higher rates. I plan to deposit in KIP.. The amount of 60 million baht will be transfer from my Thailand bank.

    Reply Aaron from Khon Kaen, Thailand