Lao Bullion Bank achieves key milestone at Asia Pacific Precious Metals Conference

The Lao Bullion Bank (LBB) marked a significant milestone with its maiden participation in the Asia Pacific Precious Metals Conference (APPMC) in Singapore during June 15-17.

The conference is one of the region’s most prestigious platforms for dialogue and development of the precious metals sector, and LBB’s participation reflects Laos’ strategic vision of promoting financial stability and economic diversification through gold-based banking services.

As part of its long-term objectives, LBB is focused on standardising the gold industry in Laos, strengthening industry mechanisms, and aligning with international best practices.

The LBB’s presence at the event  represented a major step forward for the financial and precious metals industry of Laos. It was not only an exhibitor but also a panellist, sharing its pioneering journey in establishing the first bullion bank in Laos.
A key highlight of the conference was the official announcement by the Singapore Bullion Market Association (SBMA) confirming LBB’s membership. As of June 4, LBB is recognised as one of SBMA’s 30 Foreign Associate Corporate Members and the first and only one from Laos. This recognition marked Laos’ entry into the international precious metals market.

Through its strategic partnership with global financial services firm Stone X and its official membership of SBMA, LBB has gained access to vital industry intelligence, networking opportunities with global experts, and guidance from SBMA’s advisory board.
These benefits are expected to enhance the bank’s gold trading capacity and support the development of a robust and internationally connected precious metals ecosystem in Laos.

The LBB’s presence at the APPMC underscored its commitment to positioning Laos as a regional player in the gold and precious metals industry, while advancing efforts to integrate the national economy with global financial markets.
Formally launched in December 2024, the bank provides a wide range of products and services easily accessible to the Lao people. These include gold deposit accounts, gold credit, and gold deposit certificates that can be used as collateral.
It provides a range of other products, such as international gold trading on digital platforms, gold refining, and valuation of gold ore that has not yet been mined but has the potential to be an added asset for the government by bolstering the nation’s gold reserves, a LBB leader said at the recent opening of the bank.

By Times Reporters
 (Latest Update June 20, 2025)