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Banque Pour Le Commerce Exterieur Lao Public FY'15 net profit falls 15.8%

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Banque Pour Le Commerce Exterieur Lao Public FY'15 net profit falls 15.8%

Banque Pour LeCommerce Exterieur Lao Public posted 2015 full-year net profit of120.16 billion kip, down 15.8% from 142.77 billion kip in 2014.

The bank's net interest and similar income dropped to 350.71billion kip from 409.57 billion kip in the prior-year period, while fee andcommission income jumped to 109.17 billion kip from 93.72 billion kip over thesame period.

Net operating income sank to 204.75 billion kip from 592.37billion kip in 2014.

As of Jan. 22, US$1was equivalent to 8,145.95 Lao kip.