“J.P. Morgan Chase Recognizes LPBank with Prestigious International Payment Award”

The awards ceremony was held solemnly at LPBank’s headquarters with the attendance of representatives from the two financial banking organizations. JPMorgan Chase was represented by Ms. Phan Bich Van, CEO of JPMorgan Vietnam; Ms. Jing Zhang, Managing Director and Regional Trade Expert for Asia, along with representatives from related departments. LPBank was represented by Ms. Nguyen Anh Van, Deputy General Director; Ms. Nguyen Thi Vui, Member of the Executive Board, and representatives from various business blocks/rooms.

Ms. Nguyen Anh Van, Deputy General Director of LPBank, receives the 2023 and 2024 International Payment Quality Excellence Award from Ms. Phan Bich Van, CEO of JPMorgan Chase Vietnam.

Since 1997, the JPMorgan Chase International Payment Quality Excellence Award has become an important measure, recognizing the best partner banks in automating international transaction processing. This award not only honors the efforts in achieving straight-through processing (STP) rates but also affirms the ability to operate quickly, accurately, and efficiently, while minimizing risks and enhancing the reputation of partner banks.

The “International Payment Quality Excellence” award from JPMorgan Chase was presented to LPBank for three consecutive years.

LPBank has made a strong impression by successfully meeting JPMorgan Chase’s stringent standards in international payments with an absolute level of automated transaction processing. Specifically, the straight-through processing rate for USD payment services reached 100%. This success is a clear testament to the effectiveness of LPBank’s digital transformation strategy and its focus on international payment services. As a result, LPBank not only superbly meets the growing demands of customers for safe and diverse financial solutions but also solidifies its competitive position in the market.

Speaking at the ceremony, JPMorgan Chase representative, Ms. Phan Bich Van, expressed her impression of LPBank’s achievements. She emphasized that LPBank has always been an important partner of JPMorgan Chase in the Vietnamese market, not only in international payments but also in many other areas of cooperation. LPBank’s consistently high STP rates demonstrate its serious investment in technology and people, delivering superior service experiences to its customers. JPMorgan Chase believes that the relationship between the two financial banking organizations will continue to deepen to bring the best quality services to customers.

On behalf of LPBank, Ms. Nguyen Anh Van, Deputy General Director, shared: “This award motivates LPBank to continue maintaining and improving the quality of international payment services while promoting future innovation initiatives to continuously meet the increasing demands of customers and partners.”

The “International Payment Quality Excellence” award from JPMorgan Chase, presented to LPBank for three consecutive years, not only acknowledges LPBank’s efforts in providing safe, fast, and efficient international payment services but also demonstrates its professionalism, reputation, and commitment to building and maintaining a global financial network.

In recent years, LPBank has been recognized as one of the large, reputable, and fast-growing joint-stock banks. LPBank’s success is not only measured by its scale and extensive network of over 1,200 transaction offices in 63 provinces and cities nationwide but also reflected in its impressive business results. As of the end of the third quarter of 2024, LPBank’s pre-tax profit reached VND 2,900 billion, with a cumulative 9-month pre-tax profit of VND 8,818 billion, an increase of 139% over the same period.

The year 2024 marks a spectacular breakthrough for LPBank with a series of prestigious awards. The bank is proud to be honored in the Top 500 Fastest-Growing Enterprises in Vietnam, Top 500 Banks with the Highest Brand Value Globally and Top 100 Most Valuable Brands in Vietnam, Top 50 Reputable and Efficient Public Companies, Top 10 Reputable Private Joint-Stock Banks, Best Workplace in Asia, and Asia Pacific Enterprise Awards (APEA) 2024… At the same time, LPBank also affirmed its pioneering position in the field of technology with the “Sao Khue 2024” award for digital banking and the fastest Core Banking implementation in Asia.