Bank CEOs in Laos sign up to UN Women’s Empowerment Principles

VIENTIANE, Feb. 20 (Xinhua) — Eleven local and internationally-backed banks operating in Laos have signed on to United Nation’s gender empowerment goals that seek to unlock the potential of women as well as tap into a purported 100-million-dollar plus potential market in providing smarter financial services to the country’s expanding ranks of female entrepreneurs.

The eleven institutions represented by the Lao Banker’s Association who have signed onto the United Nation’s Women’s Empowerment Principles (WEPs), global gender equity goals for business, a gathering of CEOs and senior representatives in the capital heard Friday.

The Banking CEO Forum in Vientiane was the first in a series of four finance-sector related events set to be delivered by the country’s Lao-Australia business chamber AustCham headed by CEO of ANZ Laos, Tammy Medard, a key proponent of the WEP principles in the country.

Supported by the Australian government through its overseas development aid program, the event was co-chaired by the country’s ambassador to Laos John Williams and the central Bank of the Lao PDR Deputy Director General of the Department of Bank Supervision, Thipphavanh Chanthapasouk. Enditem

Source: APD News. Date: February 20 2016