| Name |
Type |
Comment |
|
|
Specific Required documents for the appointed executives
|
Confirmative act |
1. Curriculum Vitae in the Bank of Lao PDR specified format, qualification certificate, employment, experience, and professions certificate in the period of 5 (five) consecutive years of the executive (including the internal auditor) of the establishing bank
2. A copy of the ID card (color copy) and the original Criminal Record letter of the Lao National executive. For foreign executives, a copy of the passport (color copy) and a criminal record or similar documents (original copy) certified by the relevant authority.
3. Report on the Criminal Background or on the domestic and foreign criminals and negative information that any organization in both domestic and foreign found about the executive in the Bank of Lao PDR specified format.
|
|
|
Application form in the Bank of Lao PDR specified format
|
Confirmative act |
|
|
|
Feasibility Study in the Bank of Lao PDR specified format
|
Confirmative act |
|
|
|
Appointment letter for the committee in charge of the establishment. In the case of designating the representative to be in charge of the establishment, the applicant must have a power of attorney in accordance with the law
|
Confirmative act |
|
|
|
Joint Venture Agreement or Bank Establishment Agreement
|
Confirmative act |
|
|
|
Proof of source of registered or investment capital
|
Confirmative act |
|
|
|
Letter of Consent to allow the Bank of the Lao PDR to inspect the source of funds to be invested in the establishment of the commercial bank, the financial position of the shareholders; Background Check for shareholders and executives
|
Confirmative act |
|
|
|
Draft regulations in the Bank of the Lao PDR specified format
|
Confirmative act |
|
|
|
Guidelines on accounting, risk management, internal audit, personnel management, product services, anti-money laundering and counter-terrorism financing, etc.
|
Confirmative act |
|
|
|
Document confirming the financial position of the shareholders, which has been audited by the external audit organization for past three consecutive years
|
Confirmative act |
|
|
|
Authorized letter from the relevant organization to establish a commercial bank in Lao PDR in accordance with the laws of the relevant country (for the foreign legal entities)
|
Confirmative act |
|
|
|
Resolutions of the shareholders' meeting, the Board of Directors or the authorized person of the applicant for the establishment of the branch or a bank under a group of commercial banks
|
Confirmative act |
|
|
|
Resolutions of the Board of Directors, shareholders' meeting or the person who has the authority of the business applicant on the approval of documents
|
Confirmative act |
|
|
|
Letter of appointment for the 1st batch branch director
|
Confirmative act |
|
|
|
Commitment Letter from the Bank's Head Office to fulfill its financial obligations on behalf of its branch located in Lao PDR
|
Confirmative act |
|
|
|
Specific Required documents for the legal entity applicant
|
Confirmative act |
1. Certified documents for the financial position of the applicant, which has been audited by the external audit organization for the past 3 (three) consecutive years
2. Proof of sources of funds to establish the bank certified by the depository bank (for monetary sources) and certified by the relevant asset management authority (for the registered sources of tangible capital) and related transaction documents (for the unregistered sources of tangible capital).
3. Letter of consent for the Bank of Lao PDR to perform a background check on the sources of funds to establish the bank.
4. Certified document on the total shareholding structure of the applicant, including the actual beneficiaries of the shareholding.
5. Copy of the enterprise registration certificate including the business operating licenses of the applicant.
6. Copy of the applicant’s regulation.
7. Resolutions of the shareholders' meeting, the Board of Directors or the authorized person of the applicant for the establishment of the branch or a bank under a group of commercial banks
8. Authorized letter from the relevant organization to establish a commercial bank in Lao PDR in accordance with the laws of the relevant country (for the foreign legal entities)
9. Certified letter on the implementation of the security regulations from the authorized organization for a period of 3 (three) consecutive years (for legal entities that are foreign banks), in case the applicant is not rated by an international rating company.
10. Report on the Criminal Background or on the domestic and foreign criminals and negative information that any organization in both domestic and foreign found about the executive in the Bank of Lao PDR specified format.
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|
