Services
LPBank preparing to increase its charter capital to 33.576 billion VND
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As such, LPBank is expected to offer 800 million shares to its existing shareholders, representing an increase of 8,000 billion VND in charter capital. After the offering, LPBank’s charter capital is expected to reach 33.576 billion VND, making it one of the banks with the highest charter capital in the entire banking system.
A large capital base will significantly enhance LPBank’s financial strength, operating scale, and competitive capacity, allowing the bank to meet the diverse needs of customers in various segments, particularly in areas where LPBank holds a major advantage such as agricultural and rural development, consumer, trade, processing industry, manufacturing, etc with the purpose of customer-centricity.
In particular, LPBank also plans to prioritize lending to green sectors such as renewable energy, clean energy, low-carbon manufacturing and consumption, and climate change adaptation, contributing to the sustainable development of the community and the nation.
Combined with the synchronously invested new technology platform, the thick capital buffer will help LPBank be ready to meet continuous growth plans in the coming years.
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At the end of Quarter I/2024, LPBank’s pre-tax profit reached 2,886 billion, an increase of 84.36% compared to the same period the previous year, completing 27.49% of the annual plan. This was the result of promoting strong credit growth from the first months of the year, with credit quality being among the best in the system. In addition, LPBank also focuses on promoting cross-selling of products and services, notably including products such as foreign exchange trading, remittances, import and export, etc, which brought encouraging results. |
