Participants gather at the meeting.

JDB reviews 3rd quarter of operations, plans for last quarter of 2024

The Joint Development Bank (JDB) organised a meeting on Monday to review the 3rd quarter of the bank’s operations and the plan of operation for the fourth quarter of this year.

Bank staff attend a meeting to review the 3rd quarter of operations and the plan of operation in the 4th quarter of 2024.

The meeting took place at JDB’s headquarters in Vientiane, chaired by the Chairman of the bank’s Board of Directors, Mr Vilay Siphaphone, and attended by the board of directors, senior management, advisors and representatives of service units in Vientiane.
In addition, staff from the bank’s service units in the provinces participated through video link.
The meeting was officially opened with a speech by JDB’s Managing Director and CEO, Mr Sakhone Yorphanxay.
A report was presented outlining the work of the bank in the past nine months, which noted that, as of October 30, JDB’s total assets had increased by 26 percent compared to 2023.
In terms of capital sources, growth of 28 percent represented 68 percent of the 2024 plan, the provision of credit represented 130 percent of the 2024 plan, and the pre-tax profit figure of 835 billion kip accounted for 70 percent of the 2024 plan.
These increases resulted in an increase in a customer base of more than 58,000 accounts, which shows the popularity of JDB’s services.
To support increased customer service in accordance with current and future conditions, JDB is focusing on service system development.
Over the past three quarters, JDB has completed 5 important development projects.
The first of these was the development of Cross Boarder QR Payment using the JDBYes app to scan and pay for purchases at shops in Thailand.
The second project was the development of the Cross Border QR Merchant app that enables users of Thai Bank to scan and pay for YesPay QR shops in Laos.
The third project was the development of the MoneyGram money transfer system in the JDBYes Mobile Banking app; the fourth was the development of API Fund Transfer in the JDBYes Mobile Banking app; and the fifth was the development of the LFX currency exchange system in the JDBYes Mobile Banking app.

Chairman of the Board of Directors of JDB, Mr Vilay Siphaphone.	JDB’s Managing Director and CEO, Mr Sakhone Yorphanxay.

JDB has a new service that will soon be available for its customers, namely use of the JDB app Yes Mobile Banking scan to pay at stores worldwide through UnionPay QR Code.
Payment can be made with QR Code UnionPay in the JDB Yes Mobile Banking app and a new service (Virtual Banking) that provides services through the Digital Banking channel to help customers access the bank’s services and products conveniently.
The Joint Development Bank is committed to developing excellent, fast and modern services with international connections, placing customer needs as its core value, developing new financial products consistently with modern technology systems combined with the outstanding services of employees, and creating maximum benefits for all parties as an important part in the development of the nation’s prosperity in line with the Joint Development Bank’s motto “Blooming Together”.

By Advertorial Desk
 (Latest Update October 31, 2024)