About Us Our Story
BIC BANK LAO
BIC Bank Lao Co., LTD is a locally invested commercial bank which was incorporated in Lao People’s Democratic Republic (Lao PDR). The Bank is 100% owned by Electricite Du Laos (EDL) and Asia Investment and Financial Services Sole Co., Ltd. (AIFS) whereby its shares in the Bank to EDL (30%) and AIFS (70%). BIC Bank Lao was formerly known as International Commercial Bank Lao Limited (ICB) who started the business since 2008. ICB was replaced by BIC Bank in 22 June 2017 operating on Investment Licence No.0554/ERO granted by the Ministry of Industry and Commerce, and Banking Business Licence No. 23/BOL dated 08 November 2017 issued by the Bank of Lao P.D.R (i.e. BOL). The principal activities of the Bank are to provide comprehensive banking and related financial services in the Lao PDR. Corporate Office of the bank is located at Kaysone phomvihane Road, Phonsaat Village, Xaysetha District,Vientiane Capital, Lao PDR. BIC Bank also has coverage in other parts of 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