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Native name | Ngân hàng Lộc Phát Việt Nam |
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Company type | Joint-stock |
Industry | Banking and Finance |
Founded | 28 March 2008 |
Headquarters | , Vietnam |
Key people | Nguyen Duc Thuy (Chairman) Ho Nam Tien (CEO) |
Total assets | VND 365,000 billion (2023) (equivalent to USD 15 billion) |
Number of employees | 10,600 (As of Nov 30 2023) |
Website | www |
LPBank (previously known as: LienVietBank or LienVietPostBank) is a Vietnamese retail bank based in Hanoi. As of December 31, 2023, LPBank's total assets reached over VND382,953 billion, [1] up 17% from the beginning of the year. Market segment 1 mobilization activities reached VND285,342 billion; [2] [3] credit growth reached VND39,686 billion with a rate of 16.83%, in line with the ceiling allowed by the State Bank of Vietnam. [4] [5] As of the end of 2023, LPBank's NPL ratio was 1.26%, lower than the same period (1.45%) and much lower than the third quarter of 2023. [6] [7] [8]
LPBank was granted a license to operate on March 28, 2008 with the original name LienVietBank and officially launched on May 1, 2008 with a charter capital of VND3,300 billion. [9] [10] In 2011, LPBank changed its name to LienVietPostBank. [11] [12] [13] [14]
Time | Milestones |
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2008 |
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2011 |
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2015 |
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2016 |
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2017 |
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2020 |
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2023 |
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Unit: USD million | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2021 | 2022 | By end of 3rd Q, 2023 |
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Total Assets | 3,784 | 4,745 | 4,807 | 6,402 | 7,288 | 7,765 | 11,920 | 14,000 | 15,000 |
Owners’ Equity | 346 | 348 | 340 | 376 | 419 | 432 | 620 | 710 | 1,000 |
Profit before Tax | 150 | 230 | 150 | ||||||
Revenue | 950 | 1,230 | NA | ||||||
Return on average equity (ROAE) (%) | 7.72% | 6.36% | 4.67% | 13.34% | 15.45% | 11.4% | 18.52% | 22.08% | NA |
Non-performing loans (NPL) (%) | 2.48% | 1.1% | 0.88% | 1.08% | 1.04% | 0.96% | 1.24% | 1.46% | NA |
Dividend payout ratio (%/year) | 8.00% | 6.00% | 4.5% | 10% | 15% | 10% | 15% | 19% | NA |
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