Background of The Banque Pour Le Commeree Exterieur Lao (BCEL).
Banque Pour Le Commeree Exterieur Lao was established at the same time when the Lao People's Democratic Republic was declared at the end of the year 1975 and has undertaken its activities since 1976. From 1976 to 1989, the BCEL operated as a specialized branch of the formerly State Bank (Central Bank) of the Lao PDR and was assigned the monopoly of and limited solely to international banking activities. It was also assigned the management of assistance grants and loans provided by foreign countries and international organizations to the Government of Lao PDR.
Since November 1989, BCEL has been transformed into the full commercial bank under the law of the Bank of the Lao PDR and the Decree concerning the management of commercial banks.
BCEL's activities continue to grow gradually and strengthen in various fields including size of assets, deposits, loans and number of clients. Internally, there are 7 branches, 8 Services domestically as well as abroad.
BCEL services are currently composed of : deposits, loans, issuing of bank guarantees, making internal and international payments, issuing and service of BCEL's ATM cards, credit card services and others.