2 Deputy General Directors of LPBank want to sell nearly 1.2 million LPB shares

Ho Chi Minh City Stock Exchange recently announced the stock transaction of an insider of Lien Viet Post Joint Stock Commercial Bank ( LPBank – HoSE: LPB).

Accordingly, to meet personal needs, two Deputy General Directors of LPBank registered to sell nearly 1.2 million LPB shares between March 20 and April 17.

Specifically, Mr. Vu Quoc Khanh, Permanent Deputy General Director of LPBank, has registered to sell 200,000 LPB shares by negotiation and order matching. Before the transaction, Mr. Khanh owned more than 1.28 million shares, equivalent to 0.05%. If the transaction is successful, Mr. Khanh will reduce the number of shares owned at LPBank to more than 1.08 million shares, equivalent to 0.04%.

Similarly, Deputy General Director Le Anh Tung has also registered to sell all 952,355 LPB shares he is holding, at a rate of 0.037%, by negotiation and order matching. If the transaction is successful, Mr. Tung will not hold any LPB shares, divesting all capital in this bank.

LPB stock price movements over the past month (Photo: FireAnt).

On the stock market, at the close of trading on March 15, LPB shares decreased by 1.19% to VND16,550/share with a trading volume of more than 5.2 million units.

Provisionally calculated at the above market price, the two Deputy General Directors Le Anh Tung and Vu Quoc Khanh respectively earned about 15.8 billion VND and 3.31 billion VND from selling shares at LPB.

Regarding business performance, by the end of 2023, LPBank earned VND 7,039 billion in pre-tax profit, completing 117% of the yearly plan, up 24% compared to 2022.

As of December 31, 2023, LPBank's total assets reached VND 382,863 billion, an increase of 16.8% compared to the end of 2022. Outstanding loans to customers in 2023 increased by 17%, reaching VND 275,431 billion. Customer deposits increased by 10%, reaching VND 237,392 billion. The bank's bad debt/total outstanding loan ratio is 1.34%.

On April 27, LPBank is expected to hold the 2024 Annual General Meeting of Shareholders at Ninh Binh Legend Hotel, No. 177 Le Thai To Street, Xuan Thanh Urban Area, Ninh Khanh Ward, Ninh Binh City, Ninh Binh Province .

Source: https://www.nguoiduatin.vn/2-pho-tong-giam-doc-lpbank-muon-ban-gan-1-5-trieu-co-phieu-lpb-a654280.html