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.
Bond documentaries
Certificate of bond offering registration
Công văn UBCKNN về việc chào bán TP Liên việt
Nghị quyết số 694/2021/NQ-HĐQT
Nghị quyết số 634/2021/NQ-HĐQT
Quyết định số 11061/2021/LienVietPostBank ngày 29/11/2021 của TGĐ về lãi suất chào bán TP
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