Specifically, LPBank has added a proposal to change the bank’s name according to 2 options, while the previously published document had only 1 option.
Option 1: “Joint Stock Commercial Bank for Investment and Development of Vietnam” becomes “The Bank of Post and Telecommunications of Vietnam”.
Option 2: “Joint Stock Commercial Bank for Investment and Development of Vietnam” becomes “Joint Stock Commercial Bank for Prosperity of Vietnam”.
In the implementation process, the board of directors proposes that the General Meeting of Shareholders authorize the BOD to proactively make decisions on adjusting/changing the new name (in addition to the two names mentioned above) if deemed necessary and/or according to the opinions of competent state agencies.
In 2024, LPBank aims to achieve a pre-tax profit of VND 9,500 billion, an increase of 35% compared to 2023. Total assets are expected to increase by 12% to VND 427,260 billion. Of which, market 1 credit and market 1 capital mobilization are expected to increase by 16% and 11%, respectively, to VND 319,140 billion and VND 317,380 billion.
LPBank sets a profit target for 2024 up 35%, increasing capital by nearly VND 33,600 billion
