PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608126

Primary Business Area

Financial Institutions Group

Disclosure Date

Jul 22, 2025

Country

Lao People's Democratic Republic

Region

East Asia and the Pacific

IFC Approval Date

Nov 15, 2023

Status

Active

Estimated Total Budget

$1,388,417.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 25, 2025

Project Estimated Start Date

Nov 15, 2023

Project Estimated End Date

Dec 31, 2025

Client Legal Name

PHONGSAVANH BANK LIMITED

Project Description

This project represents Phase 2 of the advisory engagement between PSVB and IFC. It builds upon the successful delivery of Phase 1 where IFC supported the 360 assessment and identified strategic initiatives for PSVB to consider to continue improving its operations and services. In Phase 2, IFC supports the bank in further developing and implementing its business strategy in key areas to meet the financial needs of corporate, SME and retail customers in Laos. IFC’s global knowledge, deep regional expertise, local market knowledge, pool of market leading experts, strong execution support and understanding of the client’s needs and capacity will help the bank in its endeavours.

Development Results

E&S Risks / Impacts and Mitigation