On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new non-bank financial institutions in Vientiane Capital.
Effective from the announcement date onwards, the suspension applies to both domestic and foreign investors seeking to establish deposit-taking microfinance institutions, non-deposit-taking microfinance institutions, and pawnshops in the capital.
BoL said...
Recent incidents underscore need for a trusted conduit between financial services and third parties SYDNEY, AUSTRALIA - Media OutReach - 31 March 2021 -...
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