Banque Franco Lao Ltd (BFL) honoured in Women's Banking Initiative Awards

Banque Franco Lao Ltd (BFL) has been acknowledged for the first time for their Women's Banking Initiative where BFL have made outstanding contributions to advance and grow the women's market ove r the past year.

The prizes for the New Women's Banking Programme were awarded to BFL at the 2016 GBA Annual Summit in October 2016 in Washington DC, USA.

The award ceremony was attended by Deputy Managing Director of the Commercial Division of BFL, Mr Bounmy Sengphachan.

The Global Banking Alliance for Women is the leading international consortium of financial institutions and other organisations interested in building women's wealth worldwide.

Alliance member institutions work in 135 countries to build innovative, comprehensive programmes that provide women entrepreneurs with vital access to capital, markets, education and training.

The leadership of the Global Banking Alliance of Women consists of a Governing Board representing the geographic and institutional diversity of GBA's member institutions.

The Board is headed by a group of officers and supported by a small professional staff led by GBA's chief executive officer.

Managing Director of BFL, Mr David Parrott, said the awards are testament to BFL's courage and consistency in delivering on its service revolution to the women's banking market.

Customers are central to every business decision we make, and we're making banking easier, simpler and more convenient for them with 247 more banking locations, and enhanced product offerings particularly for women where we will soon launch our women's banking products.

Given the earlier success of their pilot projects which include a woman-specific loan programme, BFL now plans to launch the full women's banking team.

The women's markets team comprises business development managers who work alongside women to help them build sustainable and profitable futures.

BFL's programme will include education facilitation and information and networking opportunities through a national programme run across metropolitan Vientiane in the first phase.

In additional to BFL's women's markets team, BFL is also currently working on recently an nounced mobile banking.

BFL will be moving distribution chain finance to electronic money in the future and then plans to promote access to Digital Financial Services, available on mobile phones.

vientiane times



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