The State Bank has just issued Circular No. 11/2023/TT-NHNN (Circular 11) amending and supplementing a number of Articles of Circular 43 on the organization and operation of postal transaction offices under Lien Viet Post Joint Stock Commercial Bank ( LPBank ).
Accordingly, LPBank and Vietnam Post ensure absolute compliance with the provisions of Circular 43 and Circular 11. In all cases, the interests of customers are always placed in the highest position and are absolutely guaranteed.
Currently, postal savings, financial and other credit activities are still operating normally at Vietnam Post's transaction points nationwide.
The provision of services will be focused on further improving the quality according to the instructions of the circular. Therefore, customers can be completely assured when making transactions of deposits, retirement loans, money transfers, and withdrawals at the Post Office.
Meanwhile, Vietnam Post currently owns 8.13% of LPBank's shares. Vietnam Post's divestment from LPBank is carried out according to the roadmap and regulations of the state on auctions on the stock market. If successful, it will not cause any impact on the interests of customers using services provided by the bank through the Postal network.
Vietnam Post is the only public postal enterprise in Vietnam with 13,000 service points.
Established in 2008, LPBank is one of the largest joint stock commercial banks with total assets of VND 327,746 billion and a large network of branches and transaction offices across 63 provinces and cities.
In 2011, Vietnam Post officially signed a 50-year cooperation agreement with Lien Viet Commercial Joint Stock Bank and formed Lien Viet Post Bank.
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