LPBank is the new abbreviation of Lien Viet Post Bank

Along with a comprehensive and radical transformation strategy, LPBank aims to gradually become the leading retail bank in Vietnam during the period 2023-2028.

LPBank is officially the abbreviated name of Lien Viet Post Bank.

On May 12, 2023, the State Bank of Vietnam issued Decision No. 899/QD-NHNN allowing Lien Viet Post 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 be in line with the general trend of banks today, using the shortest possible abbreviation that is easy to read and remember.

The change in LPBank's name and brand identity marks a period of transformation, a comprehensive and strong shift towards a new phase with the goal of becoming the leading retail bank in Vietnam. In the coming time, LPBank will continue to implement a comprehensive change to its logo and brand identity system to synchronize services and products and enhance customer experience.

After more than 15 years of establishment and development, LPBank is now steadily growing stronger, affirming its position in the financial and banking market and is one of the commercial banks with a large network of over 1200 transaction points nationwide.

At the end of the first quarter of 2023, amidst a challenging economic environment, LPBank's business operations still achieved several positive highlights thanks to optimized capital utilization through flexible capital adjustments, aligning with credit growth and consistently maintaining operational safety ratios. With deposits exceeding VND 272,500 billion and outstanding loans totaling VND 242,100 billion, LPBank ranked among the top 10 banks with the lowest non-performing loan ratio in the first quarter of 2023.

Bao Anh

Beneficial
Emotion
Creative
Unique
Wrath

Source: https://vtc.vn/lpbank-la-ten-viet-tat-moi-cua-ngan-hang-buu-dien-lien-viet-ar772731.html