LPBank has no plans to sell capital to foreign shareholders.

At the General Meeting of Shareholders held on the morning of April 27, a representative of LPBank affirmed that in 2025, the unit has no plans to sell capital to foreign investors.

Loc Phat Bank ( LPBank - Code: LPB) has just held its 2025 annual general meeting of shareholders.

At the Congress, answering the shareholder's question about whether LPBank has a plan to sell capital to foreign shareholders, Mr. Ho Nam Tien - Permanent Vice Chairman of LPBank's Board of Directors said that selling capital to foreign shareholders is one of the bank's orientations, but with the current market situation, the Board of Directors will closely follow the developments of the international financial market and select suitable investors.

" In 2025, we have no plans to sell capital to foreign shareholders ," Mr. Tien emphasized.

According to him, the capital sale is based on the principles of ensuring shareholder benefits and supporting the bank's development strategy.

" This is the point where we have to choose our partners very carefully ," Mr. Tien affirmed.

Establishment of AMC company with capital of 200 billion

This year's LPBank General Meeting of Shareholders will also consider establishing the Vietnam Loc Phat Bank Asset Management and Asset Exploitation Company Limited (LPBank AMC).

General meeting of shareholders took place on the morning of April 27 of LPBank.

The bank's board of directors said that the establishment of LPBank AMC is essential to specialize in the management and handling of bad debts. This is a strategic step, not only helping LPBank to be proactive in resolving bad debts but also opening up a new direction for development in the investment finance sector, contributing to improving competitiveness and sustainable growth for the bank in the long term.

The company will have an initial charter capital of VND200 billion, 100% contributed by LPBank. Expected revenue in the first three years of operation is VND177 billion (second half of 2025); VND426 billion (2026); VND511 billion (2027). Pre-tax profit is VND97 billion, VND257 billion and VND511 billion, respectively.

According to Mr. Bui Thai Ha - Vice Chairman of the Board of Directors, AMC will play an important role in handling bad debts, while becoming a flexible tool to exploit assets and enhance financial capacity for banks.

“ AMC is not only a tool to reduce the burden on the Bank but also a strategic lever to help LPBank strengthen its competitive position and expand its operations in the long term ,” Mr. Ha emphasized.

Profit increased by more than 22%, expected dividend of 25%

By 2025, LPBank aims to achieve pre-tax profit of VND 14,868 billion, an increase of 22.2% compared to 2024. Total assets increased by 3.5% to VND 525,890 billion, of which market credit increased by 15.8% to nearly VND 384,000 billion, mobilization in line with actual credit growth rate,...

Of which, total assets at the end of 2024 of LPBank increased by 33% to VND 508,330 billion, pre-tax profit increased by 73% to VND 12,168 billion, the highest since it started operating in 2008.

One of the notable contents presented at this year's congress is the plan to pay cash dividends at a rate of 25%, the highest cash dividend rate among banks today. Corresponding to this rate, the amount of profit used to pay dividends is VND 7,468 billion, equivalent to nearly 97% of the cumulative after-tax profit that can be distributed.

Previously, the 2024 general meeting of shareholders initially approved a plan to issue 800 million shares to existing shareholders and not pay dividends for three years to strengthen financial capacity.

However, in November 2024, the extraordinary shareholders' meeting abandoned this plan and switched to issuing shares to pay dividends to existing shareholders at a rate of 16.8%, increasing charter capital to VND 29,873 billion.

At the end of the first quarter, LPBank recorded pre-tax profit of VND3,175 billion, an increase of more than 10% over the same period last year and also the highest level ever for the bank. After-tax profit reached VND2,533 billion, also an increase of more than 10%.

At the end of March this year, LPBank's total assets reached VND499,894 billion, down VND8,000 billion compared to the beginning of the year. Outstanding loans to customers reached VND352,194 billion, up 6% compared to the end of 2024 and up nearly 15% compared to the same period last year. Customer deposits reached VND293,155 billion, up nearly 4%.

Chau Anh

Source: https://vtcnews.vn/lpbank-chua-co-ke-hoach-ban-von-cho-co-dong-ngoai-ar940209.html