Military Bank (MB) has just received a notice from the Central Bank of Laos (NHNN Laos) approving the plan to increase its charter capital for its subsidiary in Laos. This move aims to support MB Lao in expanding its business operations, enhancing financial capacity, and promoting sustainable development in the Laotian market. It is reported that MB will increase its charter capital by issuing new shares, facilitating better financial service provision to customers and attracting new investments. This capital increase also demonstrates MB’s long-term commitment to the Laotian market and aims to strengthen its competitive position in the banking sector in the region. With the additional capital, MB hopes to significantly improve service quality and expand its operational network, better serving the needs of both business and individual customers in Laos.
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