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.

Loc Phat Bank (LPBank) has just announced its financial report for the first 9 months of 2025 with pre-tax profit reaching VND 9,612 billion, 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 for long-term goals.

Accelerating on the profit track

On October 20, 2025, LPBank announced its financial report for the first 9 months of 2025 with accumulated pre-tax profit reaching an impressive high 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. This result not only reflects a stable growth momentum but also shows a marked improvement in 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 VND 11,253 billion and non-interest income contributed VND 3,671 billion. Net interest income from service activities alone accounted for VND 2,533 billion, affirming the effectiveness of the revenue diversification strategy.

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. This solid credit foundation allows 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 - The "star" of optimal operations in the banking industry

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

This “sweet fruit” comes from the strategy of identifying digital transformation as an inevitable path to improve competitiveness and focus on customers in all activities of LPBank. 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 four 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

Not only optimizing quality, LPBank also shows remarkable growth in quantity. As of September 30, 2025, the Bank's total assets reached VND 539,149 billion, up 18.3% over the same period and more than doubled in just 4 years. Regarding core business activities, LPBank's outstanding credit balance reached VND 387,898 billion, recording a growth rate of 17% compared to the beginning of 2025. At the same time, capital mobilization also increased to meet the demand for credit expansion, reaching VND 389,638 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.

In the first 9 months of the year, in addition to promoting its network strengths, LPBank has continuously diversified and improved the quality of its products and services. The Bank has launched the version of Sinh Loi Loc Phat 2.0, upgraded the LPBank Priority customer policy, and developed breakthrough products targeting high-end customers such as the LPBank Visa Signature credit card and LPBank Private Lounge service.

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

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 2025 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./.

PV