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Banque Pour Le Commerce Exterieur Lao Public posts Q1 net profit

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Banque Pour Le Commerce Exterieur Lao Public posts Q1 net profit

Banque Pour LeCommerce Exterieur Lao Public said April 8 that its first-quarter profitafter tax amounted to 14.87 billion Lao kip.

Net interest income for the period ended March 31 came in at112.25 billion kip. The bank's fee and commission income clocked in at 28.98 billionkip.

Net operation income stood at 151.63 billion kip. The bank'snet specific provision charge for loans to customers was 41.18 billion kip.

As of April 8, US$1 wasequivalent to 8,114.95 Lao kip.