The Board of Directors of Joint Development Bank Public together with shareholders at the meeting.

Joint Development Bank Public holds 2024 annual shareholder meeting, distributes profits to shareholders

Joint Development Bank (JDB) Public held its annual shareholder meeting on December 9, to consider and approve the bank’s 2024 business performance.
The meeting took place at the headquarters of the Joint Development Bank Public in Vientiane. It was opened by the Chairman of the bank’s Board of Directors, Mr Vilay Siphaphone, alongside other members of the Board of Directors. 
Some 37 shareholders attended the meeting together with 2 authorised representatives and 300 online registrants, totalling 339 people, with a total of 695,296,100 shares (votes), including 664,546,109 shares granted rights, amounting to 92.706 percent of the total number of shares.
This was considered sufficient to allow the meeting to go ahead, in accordance with the regulations of the JDB Public and relevant laws. For shareholders that did not participate in the meeting, there were 54,703,900 shares, equivalent to 7.294 percent of the total number of shares in JDB Public.
Opening the meeting, Chairman of the Board of Directors, Mr Vilay Siphaphone, welcomed shareholders and announcing the 3-part agenda to be considered and approved.

Participants pose for a group photo at the meeting.

The meeting was then led by the Managing Director and CEO of JDB Public, Mr Sakhone Yorphanxay, who proceeded with the agenda and considered and approved the bank’s 2024 operating results.
The meeting passed the resolution with a majority vote of the shareholders attending the meeting, with 100 percent in favour.
In addition, the meeting considered and approved the 2024 annual financial report, which was also approved by 100 percent of the voters attending the meeting.
It also considered and approved the 2024 JDB Public dividend payment plan.
The meeting considered and approved the allocation of after-tax profit for the year 2024 to be paid into various treasury funds in accordance with the regulations and the dividends to be paid to shareholders, with the details as follows:
-           Net profit: 741,260,968,798 kip
-           Reserve (according to regulations): 74,126,096,880 kip
-           Dividends to all shareholders: 660,000,000,000 kip
-           Capital increase: 7,134,871,918 kip
-           Total number of shares; 750,000,000
-           Dividend payment: 880 kip/share
-           Dividend payment date: December 25, 2025
The meeting passed the resolution with a majority vote of 695,296,100 shareholders, representing 100 percent of the votes cast.
At the close of the meeting, the Chairman of the bank’s Board of Directors, Mr Vilay Siphaphone, expressed his gratitude to all shareholders who attended the meeting, wishing them good health, success in their work, and sustainable growth. 
Over the past 36 years, JDB has operated sustainably amid a changing business landscape. The bank’s growth since its establishment in 1989 and its transition to a public bank in 2025 is a story of adaptation and far-reaching vision.
This shows that sustainable business creates new environments and opportunities, under the Joint Development Bank’s motto “Blooming Together”.

By Times Reporters
(Latest Update December 17, 2025)