With a strong and comprehensive change strategy, LPBank aims to gradually become the leading retail bank in Vietnam in the period of 2023 - 2028.
LPBank is officially the abbreviation of Lien Viet Post Bank.
On May 12, 2023, the State Bank of Vietnam issued Decision No. 899/QD-NHNN allowing Lien Viet Post Joint Stock Commercial Bank to change its English abbreviation to LPBank (pronounced: eo - pi - bank). This is an important event for the bank, the change to the new abbreviation - LPBank is considered to capture the general trend of banks today, the shortest possible abbreviation, easy to read, easy to remember.
The change of name and brand identity of LPBank marks a period of transformation, comprehensive and strong change for the bank to a new stage with the goal of becoming the leading retail bank in Vietnam. In the coming time, LPBank will continue to comprehensively change the logo system and LPBank brand identity to synchronize services, products and enhance customer experience.
After more than 15 years of establishment and development, LPBank has gradually grown, asserting its position in the banking and financial market and is one of the joint stock commercial banks with a large network of more than 1,200 transaction points nationwide.
At the end of the first quarter of 2023, in the context of many economic difficulties, LPBank's business activities still achieved some positive highlights thanks to optimizing capital efficiency by flexibly adjusting capital sources, in line with credit growth and always ensuring operational safety ratios. Capital mobilization reached more than VND 272,500 billion, outstanding loans VND 242,100 billion, LPBank was in the top 10 banks with the lowest bad debt ratio in the first quarter of 2023.
Bao Anh
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