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 ( 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.
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