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VCB Lao

Sector: Raw Materials • Location: Lao People's Democratic Republic

Source: International Finance Corporation (IFC)

Project
Completed

_x000C_IFC is expected to make an equity investment for a shareholding of up to 10% in Vientiane Commercial Bank Limited (VCB), including an expected capital call in the first year after completion of the proposed investment. VCB is the largest private sector commercial bank in the Lao People’s Democratic Republic (Lao PDR or Laos). This investment would be made jointly with the Australia and New

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The project “VCB Lao” is an infrastructure initiative in the Raw Materials sector, located in Lao People's Democratic Republic. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

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completed

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Description

Description

_x000C_IFC is expected to make an equity investment for a shareholding of up to 10% in Vientiane Commercial Bank Limited (VCB), including an expected capital call in the first year after completion of the proposed investment. VCB is the largest private sector commercial bank in the Lao People’s Democratic Republic (Lao PDR or Laos). This investment would be made jointly with the Australia and New Zealand Banking Group Limited (ANZ) which is seeking to acquire a 60% stake in VCB, leaving 30% to be retained among key existing shareholders. The proposed IFC investment, alongside that of ANZ, aims to strengthen VCB’s governance, management, strategy and commercial operations in a frontier market where banking services (particularly from private-sector banks) remain nascent but vital to support the country’s continued economic growth.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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