Information about the Company
LPBank, formerly known as LienVietPostBank and LienVietBank, operates under Banking License No. 91/GP-NHNN issued by the Governor of the State Bank of Vietnam dated 28th March 2008.
Currently, with a chartered capital of VND 25,576 billion (USD 1.05 billion) and a nationwide network, LPBank is one of the largest joint stock commercial banks in Vietnam. The company’s mission is to integrate and contribute to local economic development, fostering the prosperity of the community via comprehensive, professional, and effective financial services.
Its vision is to become the most trusted financial partner and the first choice of individuals, households, and Small-and-Medium Enterprises (SMEs) in rural and urban areas. The Bank’s core values are Integrity, Responsibility, Solidarity, Creativity, and Customer Focus.
Corporate Culture & Company Activities
LPBank is consistent with its policy of social integration in business operations. During the process of formation and development, LPBank and its shareholders have consistently and continuously implemented the policy of "social integration in business". So far, LPBank has actively contributed more than VND 3,500 billion to the community and society focusing on 5 pillars: Education, Health, Culture, Social Security, and Support.
The implementation of this policy has brought LPBank three significant denominations as part of its reputation. It is known as the bank that built the most number of schools in Vietnam, the bank that founded and sponsored the most number of study promotion funds in Vietnam, and the best bank for Corporate Social Responsibility (CSR) in Vietnam.
So far, LPBank and its shareholders have fully or partially sponsored the construction of over 280 schools, functional houses, libraries, seminars, and many more to serve educational and training purposes nationwide. The Bank has also founded and sponsored 12 Study Promotion Funds, Talent Promotion Funds, and major scholarship programs. Every year, the Bank continues to cooperate with fund management boards and local authorities to organize events for commendation and reward the achievements of pupils, students, teachers, and many more in various provinces.
LPBank, formerly known as LienVietPostBank and LienVietBank, operates under Banking License No. 91/GP-NHNN issued by the Governor of the State Bank of Vietnam dated 28th March 2008.
Currently, with a chartered capital of VND 25,576 billion (USD 1.05 billion) and a nationwide network, LPBank is one of the largest joint stock commercial banks in Vietnam. The company’s mission is to integrate and contribute to local economic development, fostering the prosperity of the community via comprehensive, professional, and effective financial services.
Its vision is to become the most trusted financial partner and the first choice of individuals, households, and Small-and-Medium Enterprises (SMEs) in rural and urban areas. The Bank’s core values are Integrity, Responsibility, Solidarity, Creativity, and Customer Focus.
Corporate Culture & Company Activities
LPBank is consistent with its policy of social integration in business operations. During the process of formation and development, LPBank and its shareholders have consistently and continuously implemented the policy of "social integration in business". So far, LPBank has actively contributed more than VND 3,500 billion to the community and society focusing on 5 pillars: Education, Health, Culture, Social Security, and Support.
The implementation of this policy has brought LPBank three significant denominations as part of its reputation. It is known as the bank that built the most number of schools in Vietnam, the bank that founded and sponsored the most number of study promotion funds in Vietnam, and the best bank for Corporate Social Responsibility (CSR) in Vietnam.
So far, LPBank and its shareholders have fully or partially sponsored the construction of over 280 schools, functional houses, libraries, seminars, and many more to serve educational and training purposes nationwide. The Bank has also founded and sponsored 12 Study Promotion Funds, Talent Promotion Funds, and major scholarship programs. Every year, the Bank continues to cooperate with fund management boards and local authorities to organize events for commendation and reward the achievements of pupils, students, teachers, and many more in various provinces.
Achievements and Impact
In 2023, LPBank achieved impressive results, exceeding its business plan targets and laying a strong foundation for future growth. Total assets grew by 17% to reach VND 382,863 billion, and the non-performing loan (NPL) ratio was well-controlled at 1.34%.
Pre-tax profit increased by 24% to VND 7,039 billion, surpassing the annual target by 17%. The bank also focused on diversifying its income streams and improving key profitability metrics such as ROA, NIM, and ROE; efficient cost management strategies were implemented, resulting in a lower Cost-to-Income Ratio (CIR). LPBank continues to record impressive business results in the first 9 months of 2024, demonstrating strong growth and comprehensive efficiency.
Specifically, according to the Consolidated Financial Statements for the third quarter of 2024, LPBank's total assets reached VND 455,805 billion, an increase of 19% compared to the beginning of the year, making LPBank the runner-up in asset growth in the banking industry. Profit before tax in the third quarter of 2024 reached VND 2,899 billion, up 133.7% over the same period last year. For the first nine months of the year, profit before tax reached VND 8,818 billion, up 139% over the same period, achieving 84% of its full-year profit target.
In addition to impressive business results, LPBank continues to affirm its position as a leading joint-stock commercial bank with strong, efficient, and sustainable growth. This is demonstrated through a series of prestigious domestic and international awards that LPBank has achieved.
These awards not only recognize LPBank's outstanding achievements in business operations but also demonstrate the bank's continuous efforts in applying modern technology, improving service quality, and bringing the best experiences to customers.
Future Direction
In pursuit of its future objectives, LPBank is strategically deploying a comprehensive action plan for Retail Banking, focusing on the various key areas.
First is Customer-Centricity. With a customer-centric business philosophy, LPBank will implement a business strategy based on customer understanding, thereby developing product solutions tailored to the needs of each segment. Simultaneously, the Bank will continuously apply advanced technology and digitize all touchpoints to provide a seamless and convenient customer experience.
The bank has also executed Effective Network Expansion. LPBank has built a modern branch system with extensive coverage, focused on rural and tier-2 urban areas in order to meet the diverse needs of customers in the Bank’s chosen segments.
Besides that, there is a Product Solutions Development plan for each customer segment. LPBank will provide superior and flexible financial product solutions and service packages to best meet the needs of each customer segment, from individuals to SMEs and high-end customers.
Finally, another key area is Optimizing Human Resource Development. Investing in capacity development, the bank’s employees excel in the core competencies of customer care and consulting. Recruitment will be combined with training and development to build a professional, dedicated, cohesive, and knowledgeable team with a deep understanding of LPBank's micro-markets.
In 2023, LPBank achieved impressive results, exceeding its business plan targets and laying a strong foundation for future growth. Total assets grew by 17% to reach VND 382,863 billion, and the non-performing loan (NPL) ratio was well-controlled at 1.34%.
Pre-tax profit increased by 24% to VND 7,039 billion, surpassing the annual target by 17%. The bank also focused on diversifying its income streams and improving key profitability metrics such as ROA, NIM, and ROE; efficient cost management strategies were implemented, resulting in a lower Cost-to-Income Ratio (CIR). LPBank continues to record impressive business results in the first 9 months of 2024, demonstrating strong growth and comprehensive efficiency.
Specifically, according to the Consolidated Financial Statements for the third quarter of 2024, LPBank's total assets reached VND 455,805 billion, an increase of 19% compared to the beginning of the year, making LPBank the runner-up in asset growth in the banking industry. Profit before tax in the third quarter of 2024 reached VND 2,899 billion, up 133.7% over the same period last year. For the first nine months of the year, profit before tax reached VND 8,818 billion, up 139% over the same period, achieving 84% of its full-year profit target.
In addition to impressive business results, LPBank continues to affirm its position as a leading joint-stock commercial bank with strong, efficient, and sustainable growth. This is demonstrated through a series of prestigious domestic and international awards that LPBank has achieved.
These awards not only recognize LPBank's outstanding achievements in business operations but also demonstrate the bank's continuous efforts in applying modern technology, improving service quality, and bringing the best experiences to customers.
Future Direction
In pursuit of its future objectives, LPBank is strategically deploying a comprehensive action plan for Retail Banking, focusing on the various key areas.
First is Customer-Centricity. With a customer-centric business philosophy, LPBank will implement a business strategy based on customer understanding, thereby developing product solutions tailored to the needs of each segment. Simultaneously, the Bank will continuously apply advanced technology and digitize all touchpoints to provide a seamless and convenient customer experience.
The bank has also executed Effective Network Expansion. LPBank has built a modern branch system with extensive coverage, focused on rural and tier-2 urban areas in order to meet the diverse needs of customers in the Bank’s chosen segments.
Besides that, there is a Product Solutions Development plan for each customer segment. LPBank will provide superior and flexible financial product solutions and service packages to best meet the needs of each customer segment, from individuals to SMEs and high-end customers.
Finally, another key area is Optimizing Human Resource Development. Investing in capacity development, the bank’s employees excel in the core competencies of customer care and consulting. Recruitment will be combined with training and development to build a professional, dedicated, cohesive, and knowledgeable team with a deep understanding of LPBank's micro-markets.
CORPORATE EXCELLENCE CATEGORY
LPBANK
Information about the Company
LPBank, formerly known as LienVietPostBank and LienVietBank, operates under Banking License No. 91/GP-NHNN issued by the Governor of the State Bank of Vietnam dated 28th March 2008.
Currently, with a chartered capital of VND 25,576 billion (USD 1.05 billion) and a nationwide network, LPBank is one of the largest joint stock commercial banks in Vietnam. The company’s mission is to integrate and contribute to local economic development, fostering the prosperity of the community via comprehensive, professional, and effective financial services.
Its vision is to become the most trusted financial partner and the first choice of individuals, households, and Small-and-Medium Enterprises (SMEs) in rural and urban areas. The Bank’s core values are Integrity, Responsibility, Solidarity, Creativity, and Customer Focus.
Corporate Culture & Company Activities
LPBank is consistent with its policy of social integration in business operations. During the process of formation and development, LPBank and its shareholders have consistently and continuously implemented the policy of "social integration in business". So far, LPBank has actively contributed more than VND 3,500 billion to the community and society focusing on 5 pillars: Education, Health, Culture, Social Security, and Support.
The implementation of this policy has brought LPBank three significant denominations as part of its reputation. It is known as the bank that built the most number of schools in Vietnam, the bank that founded and sponsored the most number of study promotion funds in Vietnam, and the best bank for Corporate Social Responsibility (CSR) in Vietnam.
So far, LPBank and its shareholders have fully or partially sponsored the construction of over 280 schools, functional houses, libraries, seminars, and many more to serve educational and training purposes nationwide. The Bank has also founded and sponsored 12 Study Promotion Funds, Talent Promotion Funds, and major scholarship programs. Every year, the Bank continues to cooperate with fund management boards and local authorities to organize events for commendation and reward the achievements of pupils, students, teachers, and many more in various provinces.
LPBank, formerly known as LienVietPostBank and LienVietBank, operates under Banking License No. 91/GP-NHNN issued by the Governor of the State Bank of Vietnam dated 28th March 2008.
Currently, with a chartered capital of VND 25,576 billion (USD 1.05 billion) and a nationwide network, LPBank is one of the largest joint stock commercial banks in Vietnam. The company’s mission is to integrate and contribute to local economic development, fostering the prosperity of the community via comprehensive, professional, and effective financial services.
Its vision is to become the most trusted financial partner and the first choice of individuals, households, and Small-and-Medium Enterprises (SMEs) in rural and urban areas. The Bank’s core values are Integrity, Responsibility, Solidarity, Creativity, and Customer Focus.
Corporate Culture & Company Activities
LPBank is consistent with its policy of social integration in business operations. During the process of formation and development, LPBank and its shareholders have consistently and continuously implemented the policy of "social integration in business". So far, LPBank has actively contributed more than VND 3,500 billion to the community and society focusing on 5 pillars: Education, Health, Culture, Social Security, and Support.
The implementation of this policy has brought LPBank three significant denominations as part of its reputation. It is known as the bank that built the most number of schools in Vietnam, the bank that founded and sponsored the most number of study promotion funds in Vietnam, and the best bank for Corporate Social Responsibility (CSR) in Vietnam.
So far, LPBank and its shareholders have fully or partially sponsored the construction of over 280 schools, functional houses, libraries, seminars, and many more to serve educational and training purposes nationwide. The Bank has also founded and sponsored 12 Study Promotion Funds, Talent Promotion Funds, and major scholarship programs. Every year, the Bank continues to cooperate with fund management boards and local authorities to organize events for commendation and reward the achievements of pupils, students, teachers, and many more in various provinces.
Achievements and Impact
In 2023, LPBank achieved impressive results, exceeding its business plan targets and laying a strong foundation for future growth. Total assets grew by 17% to reach VND 382,863 billion, and the non-performing loan (NPL) ratio was well-controlled at 1.34%.
Pre-tax profit increased by 24% to VND 7,039 billion, surpassing the annual target by 17%. The bank also focused on diversifying its income streams and improving key profitability metrics such as ROA, NIM, and ROE; efficient cost management strategies were implemented, resulting in a lower Cost-to-Income Ratio (CIR). LPBank continues to record impressive business results in the first 9 months of 2024, demonstrating strong growth and comprehensive efficiency.
Specifically, according to the Consolidated Financial Statements for the third quarter of 2024, LPBank's total assets reached VND 455,805 billion, an increase of 19% compared to the beginning of the year, making LPBank the runner-up in asset growth in the banking industry. Profit before tax in the third quarter of 2024 reached VND 2,899 billion, up 133.7% over the same period last year. For the first nine months of the year, profit before tax reached VND 8,818 billion, up 139% over the same period, achieving 84% of its full-year profit target.
In addition to impressive business results, LPBank continues to affirm its position as a leading joint-stock commercial bank with strong, efficient, and sustainable growth. This is demonstrated through a series of prestigious domestic and international awards that LPBank has achieved.
These awards not only recognize LPBank's outstanding achievements in business operations but also demonstrate the bank's continuous efforts in applying modern technology, improving service quality, and bringing the best experiences to customers.
Future Direction
In pursuit of its future objectives, LPBank is strategically deploying a comprehensive action plan for Retail Banking, focusing on the various key areas.
First is Customer-Centricity. With a customer-centric business philosophy, LPBank will implement a business strategy based on customer understanding, thereby developing product solutions tailored to the needs of each segment. Simultaneously, the Bank will continuously apply advanced technology and digitize all touchpoints to provide a seamless and convenient customer experience.
The bank has also executed Effective Network Expansion. LPBank has built a modern branch system with extensive coverage, focused on rural and tier-2 urban areas in order to meet the diverse needs of customers in the Bank’s chosen segments.
Besides that, there is a Product Solutions Development plan for each customer segment. LPBank will provide superior and flexible financial product solutions and service packages to best meet the needs of each customer segment, from individuals to SMEs and high-end customers.
Finally, another key area is Optimizing Human Resource Development. Investing in capacity development, the bank’s employees excel in the core competencies of customer care and consulting. Recruitment will be combined with training and development to build a professional, dedicated, cohesive, and knowledgeable team with a deep understanding of LPBank's micro-markets.
In 2023, LPBank achieved impressive results, exceeding its business plan targets and laying a strong foundation for future growth. Total assets grew by 17% to reach VND 382,863 billion, and the non-performing loan (NPL) ratio was well-controlled at 1.34%.
Pre-tax profit increased by 24% to VND 7,039 billion, surpassing the annual target by 17%. The bank also focused on diversifying its income streams and improving key profitability metrics such as ROA, NIM, and ROE; efficient cost management strategies were implemented, resulting in a lower Cost-to-Income Ratio (CIR). LPBank continues to record impressive business results in the first 9 months of 2024, demonstrating strong growth and comprehensive efficiency.
Specifically, according to the Consolidated Financial Statements for the third quarter of 2024, LPBank's total assets reached VND 455,805 billion, an increase of 19% compared to the beginning of the year, making LPBank the runner-up in asset growth in the banking industry. Profit before tax in the third quarter of 2024 reached VND 2,899 billion, up 133.7% over the same period last year. For the first nine months of the year, profit before tax reached VND 8,818 billion, up 139% over the same period, achieving 84% of its full-year profit target.
In addition to impressive business results, LPBank continues to affirm its position as a leading joint-stock commercial bank with strong, efficient, and sustainable growth. This is demonstrated through a series of prestigious domestic and international awards that LPBank has achieved.
These awards not only recognize LPBank's outstanding achievements in business operations but also demonstrate the bank's continuous efforts in applying modern technology, improving service quality, and bringing the best experiences to customers.
Future Direction
In pursuit of its future objectives, LPBank is strategically deploying a comprehensive action plan for Retail Banking, focusing on the various key areas.
First is Customer-Centricity. With a customer-centric business philosophy, LPBank will implement a business strategy based on customer understanding, thereby developing product solutions tailored to the needs of each segment. Simultaneously, the Bank will continuously apply advanced technology and digitize all touchpoints to provide a seamless and convenient customer experience.
The bank has also executed Effective Network Expansion. LPBank has built a modern branch system with extensive coverage, focused on rural and tier-2 urban areas in order to meet the diverse needs of customers in the Bank’s chosen segments.
Besides that, there is a Product Solutions Development plan for each customer segment. LPBank will provide superior and flexible financial product solutions and service packages to best meet the needs of each customer segment, from individuals to SMEs and high-end customers.
Finally, another key area is Optimizing Human Resource Development. Investing in capacity development, the bank’s employees excel in the core competencies of customer care and consulting. Recruitment will be combined with training and development to build a professional, dedicated, cohesive, and knowledgeable team with a deep understanding of LPBank's micro-markets.