China-funded bank solves financing problems as part of B&R Initiative

VIENTIANE - The Laos-China Bank is helping to solve financing problems for small and medium-sized enterprises, or SMEs, in Laos as part of the Belt and Road Initiative.

The lender was established in 2014 as a joint venture between Fudian Bank of China's Yunnan and Banque Pour Le Commerce Exterieur Lao or BCEL.