Our Story

BIC BANK LAO

BIC Bank Lao Co., LTD, a commercial bank incorporated in the Lao People’s Democratic Republic (Lao PDR), is entirely owned by Electricite Du Laos (EDL) and Asia Investment and Financial Services Sole Co., Ltd. (AIFS), with share distributions of 30% and 70% respectively. The bank, initially known as International Commercial Bank Lao Limited (ICB) since its inception in 2008, transitioned to BIC Bank Lao on June 22, 2017. This transition was facilitated under the Investment Licence No.0554/ERO, granted by the Ministry of Industry and Commerce, and the Banking Business Licence No. 23/BOL, issued on November 8, 2017, by the Bank of Lao P.D.R (BOL). The bank’s primary operations encompass the provision of comprehensive banking and ancillary financial services within the Lao PDR. The corporate headquarters of the bank is situated at Kaysone Phomvihane Road, Phonsaat Village, Xaysetha District, Vientiane Capital, Lao PDR. Additionally, BIC Bank maintains a presence in various other regions within the Lao PDR.

VISION

To excel and be the top private banking service provider in Lao PDR

MISSION

BIC Bank’s mission is to serve with care by;

  • Managing clients’ financial needs and providing them with financial recommendation.
  • Personalized financial services and products offered to the high-net- worth individuals (HNWI) clients.
  • Equip our people with knowledge about banking industry; good interpersonal and communication skills.
  • To protect and provide personalized based on clients’ risk appetite

 

BIC Core Values – BIC Care

Business Oriented

  • Good corporate governance and value-based solutions to succeed.

Interactions

    Strong committed interactions between all stakeholders, build trust and credibility which encourage collaborations to empower and deliver

business values.

Culture Excellence

    Setting high standards and strive to exceed them with dedication, efficiency and productivity. We recognise and reward superior results.

Collaboration

    Working and thinking cohesively to create efforts for   a sustainable outcome for all stakeholders

Agility

    Being fast and flexible, dynamic and adaptive in delivering pragmatic solutions.

Respect

    An  intrinsic  trait  to  the  foundational  qualities  of  the  Bank.  Non-

negotiable   value   which   is   the   main   ingredient   that   provides momentum for an optimal results.

Ethics

    Conducting ourselves with integrity and conforming to the highest level of ethical standards where services offered will be honest, fair

and impartial.

 

#BICCARE

#BecauseICare

Board of Directors

Mr. Rithikone PHOUMMASACK Ph.D

Chairman

Mr. Chanthaboun SOUKALOUN

Deputy Chairman

Mdm. Kingphongeun PHOUMMASACK

Member

Mr. Soulivath SOUVANNACHOUMKHAM

Member

Mr. Lim Wai Hoong

Member

Executive and Management Committee

Mr. Lim Wai Hoong

Chief Executive Officer

Mr. Felix Desmond Francis

General Manager – Banking Operations

Organization Chart