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Joint Stock Commercial Bank of Loc Phat Vietnam (LPBank, HOSE: LPB) has just announced a change in the timing of its Extraordinary General Meeting of Shareholders (EOGM) for 2024.

Accordingly, LPBank will hold its EOGM on November 15, 2024, instead of the previously announced date of September 22, 2024. The reason for this change is to finalize the documentation for the meeting.

According to the earlier announcement, the venue for the meeting will be at the bank’s head office at 210 Tran Quang Khai, Hoan Kiem, Hanoi. The record date for shareholders to be eligible to attend the EOGM is July 1, 2024.

At the meeting, the LPBank Board of Directors (BOD) is expected to seek shareholder approval for the election of additional BOD members to comply with the Law on Credit Institutions and to increase the bank’s charter capital for 2024. This will be done through a stock dividend payment of 16.8%. The bank also intends to present to shareholders a plan to invest up to 5% of FPT Corporation’s charter capital.

In terms of business performance, LPBank recorded a pre-tax profit of VND 5,919 billion in the first two quarters, up 142% year-on-year. As of June 30, the bank has achieved over 56% of its full-year profit plan of VND 10,500 billion, making it one of the fastest-growing banks in the system in terms of pre-tax profit.