LPBank presents plan to increase foreign ownership ratio at extraordinary shareholders' meeting in 2025

Loc Phat Vietnam Commercial Joint Stock Bank (LPBank) has just announced information about the Extraordinary General Meeting of Shareholders (AGM) in 2025, scheduled to take place in Ninh Binh - a familiar location where the bank often holds major congresses. This congress will consider and vote on two important contents directly related to the development orientation in the coming time.

Thời báo Ngân hàng•02/12/2025

Proposal to increase foreign investor ownership ratio to 30%

One of the key contents that LPBank presented to shareholders was the policy of adjusting the maximum ownership ratio of foreign investors from 5% to 30%. According to LPBank, opening the foreign "room" is part of the proactive integration orientation, aiming to attract high-quality resources to support the Bank's medium and long-term development strategy. This move is expected to bring many practical values such as: Strengthening financial capacity; Improving transparency, standardizing governance; Creating stronger attractiveness for LPB shares; Supporting the digital transformation strategy; Expanding the network and creating a platform to attract foreign strategic investors.

The Board of Directors also proposed that the General Meeting of Shareholders authorize the Bank to proactively seek and work with strategic investors and/or research appropriate allocation ratios, thereby developing an optimal plan to present to shareholders at the next meeting.

LPBank công bố nội dung quan trọng tại ĐHĐCĐ bất thường 2025

LPBank announces important content at the 2025 Extraordinary General Meeting of Shareholders

Perfecting the governance framework, synchronizing with new legal regulations

The second important content announced by LPBank is to adjust and supplement a number of provisions in the Charter and Internal Regulations on governance, to ensure consistency with the regulations of the State Bank, the Law on Enterprises and suitability with operational practices.

The revised contents focus on: Adding regulations on the language of the minutes of the General Meeting of Shareholders; Adjusting the procedures for share repurchase according to the new instructions of the State Bank; Standardizing the terminology in the documents; Completing regulations on voting forms for more convenience and efficiency and updating the effective date of the Charter. These adjustments aim to improve standards and transparency, creating a solid governance foundation for LPBank to implement strategic goals in the new period.

The announcement of the contents of the extraordinary General Meeting of Shareholders demonstrates LPBank's determination to improve its management capacity, expand its development space and anticipate the integration trend of the Vietnamese banking system.

According to the latest financial report, after the first 9 months of 2025, LPBank's accumulated pre-tax profit reached its highest level of VND 9,612 billion, up 9% over the same period in 2024. The main driving force came from the third quarter when pre-tax profit reached VND 3,448 billion, up 15.3% over the second quarter.

With a solid foundation built over the past 17 years, LPBank affirms that it will continue to adhere to its sustainable development strategy, taking technology - standard management - financial strength as pillars, aiming to build the image of a modern, transparent and highly competitive bank in the market.

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