LIEN VIET POST BANK’S BOND – LPB122010

Bank Information

LienVietPostBank is one of the joint stock commercial banks with the largest network in the country. Thanks to the exclusive relationship with VNPost’s postal transaction offices, combined with the strategy of developing online transaction channels – LienViet24h, LienVietPostBank is one of the fastest growing retail banks in Vietnam 2022 by the Magazine Global Business Outlook records.

LienVietPostBank is oriented to build a strong brand on the basis of promoting internal resources, operating transparently, and integrating society in business.

Vision

Become the leading retail bank in Vietnam – The bank of every home

Mission

Provide customers and society with diversified products and services of high quality; bring the greatest benefit to society

Financial Situation

In 2022, the bank’s capital increased by 44%. Also, total assets increased by 13.33% to VND 327.7 trillion; profit after tax increased by 56.97% to VND 4,510 billion. The bank’s NIM ratio improved to 3.96%, up 0.43% compared to 2021.

The bank has a bad debt ratio that is always controlled below 1.5% and is in the group of banks with a relatively low bad debt ratio. Improved liquidity, and Loan debt/Total deposit ratio (LDR) is always maintained within the allowable level (maximum 85%).

LienVietPostBank (Billion VND)	2020	2021	2022	Note
Capital	10,746	12,035	17,291
Total Asset	242,342	289,193	327,745
Net Profit	1,861	2,873	4,510
Capital Adequacy Ratio (CAR)	10.81%	11.26%	12.36%	Regulatory complied
Liquidity reserve ratio	14.79%	11.54%	16%
Debt/Total deposits ratio	79.48%	79.99%	83.40%	Regulatory complied

Bonds Information

Issuance Scale	VND 1,602,209,500,000 (1.602 Bil VND)
Issue Date	28/02/2022
Maturity Date	28/02/2029
Term	7 years
Coupon payment term	Once a year
Coupon interest	9.3%/year at current period
Issuer buys back before maturity	28/2/2024 * The remaining term of the Bond is February 28, 2024 (maturity is less than 1 year) Coupon is paid till this point of time. * In case the issuer does not buy back before maturity, investors can keep bonds. until maturity or sell bonds back to Pinetree for a profit as announced by Pinetree from time to time.

* Pinetree only offers liquidity support for the bonds distributed by Pinetree and bonds bought by investors from Pinetree.

** The liquidity support service offered by Pinetree will be at an appropriate call price under market conditions at times during the maturity of the Bonds.

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