VCB Lao
Sector: Raw Materials • Location: Lao People's Democratic Republic
Source: International Finance Corporation (IFC)
_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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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
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. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |
