LIEN VIET POST BANK’S BOND – LPB121036

Bank Information

LPBank, one of the largest retail commercial banks with advantage of an extensive nationwide network and the rights to operate VNPost postal transaction points across the country, has witnessed robust growth and emerged as one of the fastest-growing retail banks in Vietnam in 2022 as recognized by the Global Business Outlook magazine. LPBank is focused on building a strong brand based on internal strengths, transparent operations, and social responsibility 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 2023, the bank’s charter capital increased by 48%. Meanwhile, total assets grew by 16.8% to reach VND 382.8 trillion, and after-tax profit rose by 23.5% to VND 5,572 billion. The bank’s NIM ratio reached 3.24%.

The bank reduced its non-performing loan (NPL) ratio to 1.34% compared to 1.45% in 2022 and is in the group of banks with relatively low NPL ratios thanks to the effective implementation of credit quality control measures. Liquidity has been improved.

LienVietPostBank (Billion VND)	2020	2021	2022	2023	Note
Capital	10,746	12,035	17,291	25,576
Total Asset	242,342	289,193	327,745	382,863
Net Profit	1,861	2,873	4.510	5,572
Capital Adequacy Ratio (CAR)	10.81%	11.26%	12.36%	12.24%	Regulatory complied
Liquidity reserve ratio	14.79%	11.54%	16%	16.62%

Bonds Information

Issuance Scale	VND 173,100,000,000 (173.1 Bil VND)
Issue Date	30/12/2021
Maturity Date	30/12/2031
Term	10 years
Coupon payment term	Annually
Coupon Rate	Reference interest rate + margin of 2.2% per year Current coupon interest rate (30/12/2023 – 30/12/2024): 7.15% per year
Issuer buys back before maturity	30/12/2026