LPBank earned more than 9,600 billion VND in profit in the first 3 quarters of the year

(Dan Tri) - Loc Phat Bank (LPBank) has just announced its financial report for the first 9 months of the year with pre-tax profit reaching 9,612 billion VND, the highest level in the history of this bank's operations.

Accelerating on the profit track, LPBank is creating new milestones - where internal strength, technology and operational efficiency converge, affirming the foundation for sustainable development and aiming towards long-term goals.

Accelerating on the profit track

On October 20, LPBank announced its financial report for the first 9 months of the year with accumulated pre-tax profit reaching VND9,612 billion, up 9% over the same period in 2024. The main driving force came from the third quarter when pre-tax profit reached VND3,448 billion, up 15.3% over the second quarter.

This result not only reflects steady growth but also shows clearly improved operating efficiency, creating a solid foundation for a breakthrough in the fourth quarter.

The bank's growth momentum comes from two main pillars: net interest income remained stable at VND11,253 billion and non-interest income contributed VND3,671 billion. Net interest income from service activities alone accounted for VND2,533 billion, affirming the effectiveness of the strategy of diversifying revenue sources.

Along with business results, LPBank also focused on and significantly improved asset quality. The bad debt ratio in the first 9 months of the year was controlled at 1.78%, lower than the same period last year. This solid credit foundation allowed the bank to optimize its reserve buffer, with the bad debt coverage ratio (LLR) maintained at a safe level of 76.33%.

It can be seen that strict risk management plays a key role, helping LPBank preserve profits and move towards sustainable growth.

LPBank optimizes banking operations

If profit is the sweet fruit, then operational efficiency is the root. LPBank stands out in the industry in cost optimization when the cost-to-income ratio (CIR) after 9 months reached 28.31%. In the third quarter alone, operating expenses decreased by 5.7% compared to the same period, a positive signal showing that technology solutions have been effective in practice.

LPBank representative said that this result comes from the strategy of identifying digital transformation as an inevitable path to improve competitiveness and focus on customers in all banking activities.

After successfully deploying the CoreBanking T24 system in just 7 months and being honored by Temenos, LPBank continues to deploy digital transformation solutions, notably applying AI to the switchboard, helping to automatically process nearly 48.5% of total call traffic, saving costs, and achieving a customer satisfaction index (CSAT) of 4.15/5 points.

LPBank is also one of the first banks to cooperate with the Ministry of Public Security to deploy social security payments via VNeID under Project 06, allowing people to access more than 200 services right on the application.

Comprehensive growth, affirming leading position

As of September 30, LPBank's total assets reached VND539,149 billion, up 18.3% over the same period. Regarding core business activities, LPBank's outstanding credit balance reached VND387,898 billion, recording a growth rate of 17% compared to the beginning of 2025.

At the same time, LPBank's capital mobilization also increased to meet the demand for credit expansion, reaching VND389,638 billion, up 15% since the beginning of the year.

Thanks to optimizing operations and expanding scale, LPBank earned more than VND 9,600 billion in profit in the first 9 months of the year (Photo: LPBank).

In the first 9 months of the year, in addition to promoting its network strengths, LPBank also continuously diversified and improved the quality of its products and services.

The bank has launched the Profit and Prosperity 2.0 version, upgraded the LPBank Priority customer policy, and developed breakthrough products targeting the high-end customer segment such as the LPBank Visa Signature credit card and LPBank Private Lounge service.

Positive business results have directly strengthened LPBank's position in the market. The bank has continuously risen in a series of rankings such as Top 50 Most Effective Enterprises in Vietnam by Nhip Cau Dau Tu Magazine, Top 10 Prestigious Private Commercial Joint Stock Banks (ranked 7th, ranked by Vietnam Report), Top 10 Most Profitable Private Enterprises in Vietnam - PROFIT500 (ranked 8th), Top 6 Private Banks with the Largest Budget Contributions in 2025 announced by CafeF...

Recently, LPBank welcomed its 5 millionth individual customer - an important milestone affirming its development orientation as a leading retail bank, as well as customers' trust in the brand.

LPBank representative affirmed that with a solid financial foundation, outstanding operational efficiency and comprehensive digital transformation orientation, LPBank is showing the image of a dynamic, courageous and resilient bank on the journey of growth, safety, efficiency and sustainability.

The positive results in the first 9 months of the year not only affirm the internal resilience but also open up the prospect of a strong breakthrough in the last quarter of the year - a period expected to bring LPBank to new milestones on the journey to become one of the leading private banks in Vietnam.

Source: https://dantri.com.vn/kinh-doanh/lpbank-thu-ve-hon-9600-ty-dong-loi-nhuan-trong-3-quy-dau-nam-20251021094840893.htm