Accordingly, LPBank will hold its extraordinary general shareholders' meeting on November 15th, instead of September 22nd as previously announced, a delay of nearly two months. The reason is to finalize the documents to be presented at the meeting.

In a previous announcement, the bank stated that the meeting would be held at its headquarters at 210 Tran Quang Khai, Hoan Kiem, Hanoi . The deadline for registering to attend the extraordinary general meeting was July 1st.

The LPBank Board of Directors is expected to submit to the General Meeting for approval the election of additional members to the Board of Directors in order to comply with the Law on Credit Institutions and increase the charter capital in 2024 through the issuance of shares to existing shareholders in exchange for a dividend payment at a rate of 16.8%.

The bank also plans to present to shareholders a proposal to invest up to 5% of the charter capital ofFPT Corporation. Based on the current market price of FPT shares, LPBank is estimated to have to spend nearly 10,000 billion VND if this transaction is successful.

Regarding business performance, at the end of the first two quarters of the year, LPBank achieved pre-tax profit of VND 5,919 billion, an increase of 142% compared to the same period last year. Compared to the annual profit plan of VND 10,500 billion, the bank has completed more than 56% of the plan.

LPBank unexpectedly expresses interest in becoming a major shareholder of FPT, with the deal expected to be worth nearly 10,000 billion VND. Loc Phat Vietnam Commercial Joint Stock Bank (LPBank) has just added documents to its extraordinary general meeting of shareholders, with an important item to present to shareholders for approval: a plan to contribute capital and purchase shares of FPT.