Chairman of the JDB Shareholders’ Committee, Mr Ekaphanh Phapithack (second right), and other officials launch the first trading day of JDB’s shares on the Lao Securities Exchange.

Joint Development Bank Public opens trading of shares on Lao Securities Exchange

Joint Development Bank Public (JDB) on October 10 officially opened the trading of shares on the Lao Securities Exchange, offering a chance for Lao and foreign investors to benefit from the bank’s adaptation of its form and structure to respond to new environments and opportunities.
The launch ceremony for the first day of trading saw shares offered at 9,100 kip per share, also marking the 15th anniversary of the establishment of the Lao Securities Exchange.

Chairman of the JDB Shareholders’ Committee, Mr Ekaphanh Phapithack, strikes a gong to mark the first trading day of JDB’s shares on the Lao Securities Exchange.

The ceremony was attended by the Deputy Governor of the Bank of the Lao PDR, Mr Aloun Bounyong; Chairman of the JDB Shareholders’ Committee, Mr Ekaphanh Phapithack; General Director of the Lao Securities Commission Office, Mrs Phengsy Phengmuong; Chief Executive Officer of the Lao Securities Exchange, Mr Siosavath Thirakul; President of the Lao Banking Association, Mr Phouthaxay Sivilay; Chairman of the Board of Directors of JDB, Mr Vilay Siphaphone; Managing Director and CEO of JDB, Mr Sakhone Yorphanxay, and invited guests. 
Joint Development Bank Public officially opened its shares trading after successfully issuing 75,333,900 shares to the public (IPO) at a price of 8,800 kip per share and raising 656,158,260,000 kip (approximately US$30 million).

Chairman of the JDB Shareholders’ Committee, Mr Ekaphanh Phapithack (sixth right) and board of directors gather at the launching ceremony for the first trading day of shares of the JDB.

JDB’s initial public offering on the morning of October 10, 2025, resulted in an adjusted price increase to 9,100 kip per share, resulting in a significant increase in the overall business and profit for share buyers.
Managing Director and CEO of JDB, Mr Sakhone Yorphanxay, said JDB is one of the leading commercial banks in Laos. The IPO was successfully sold, making it the largest share offering on the Lao stock market in recent years, and is a reflection of the market’s trust in JDB and also a new step that demonstrates the openness and modernisation of the country’s financial system.
Chief Executive Officer of the Lao Securities Exchange, Mr Siosavath Thirakul, commented that after JDB was listed on the Lao Securities Exchange, the total number of listed companies increased to 12.
Of these, 5 are financial institutions, including 2 commercial banks, 2 credit leasing companies and 1 securities company. This shows that the capital market is a source of quality long-term funding for enterprises.
In the future, the mobilisation of funds by commercial banks through the Lao Securities Exchange will help support SMEs and green finance projects, as well as help Laos to achieve the transformation from a natural resource-based economy to a sustainable growth economy.
In particular, the official start of the trading of shares of the Joint Development Bank Public also marks the 15th anniversary of the establishment of the Lao Securities Exchange.
Marking the 36 years of the journey to becoming a Public Bank, the official IPO offering not only highlighted JDB’s role as a financial intermediary but also demonstrated the bank’s long journey and adaptability, which is an important lesson for every business that wants to grow sustainably.
In the past 36 years, demonstrating sustainability in a changing business world, JDB’s growth from its founding in 1989 to its transformation into a public bank in 2025 is a story of adaptation and far-reaching vision.
JDB has gone through a transformation from a bank shareholder by Thai investors in 2010 to a bank shareholder by Lao business operators in 2012, and is now moving towards a public bank by 2025.
This shows that a sustainable business is one that can adapt its form and structure to respond to new environments and opportunities, under the Joint Development Bank’s motto “Blooming Together”.

By Advertorial Desk
(Latest Update October 14, 2025)