Banque Pour Le Commerce Exterieur Lao Public reported a year-over-year rise in its after-tax profit for the year ended Dec. 31, 2017.
The bank said Jan. 10 that full-year profit after tax rose to 295.84 billion Lao kip from 176.79 billion kip for 2016.
Net interest and similar income jumped to 923.05 billion kip from 629.42 billion kip, while fee and commission income amounted to 140.11 billion kip, up from 128.43 billion kip.
Net operating income for the period grew to 1.097 trillion kip from 800.46 billion kip in the year-ago period.
The bank's net specific provision charges for loans to customers increased to 153.98 billion kip from 76.61 billion kip for 2016.
As of Jan. 10, US$1 was equivalent to 8,310.50 Lao kip.
