LIEN VIET POST BANK'S BOND - LPB122010 - Pinetree Securities
Bond June 6, 2023

LIEN VIET POST BANK’S BOND – LPB122010

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.

Lienvietpostbank La Ngan Hang Gi 1

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 2022Note
Capital10,74612,03517,291
Total Asset242,342289,193327,745
Net Profit 1,861 2,873 4,510
Capital Adequacy Ratio (CAR)10.81%11.26%12.36%Regulatory complied
Liquidity reserve ratio14.79%11.54%16%
Debt/Total deposits ratio79.48%79.99%83.40% Regulatory complied

Bonds Information

Issuance ScaleVND 1,602,209,500,000
(1.602 Bil VND)
Issue Date 28/02/2022
Maturity Date 28/02/2029
Term 7 years
Coupon payment termOnce 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

Bond introduction

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

Bản cáo bạch

Thông báo chào bán Trái phiếu

Quyết định số 11061/2021/LienVietPostBank ngày 29/11/2021 của TGĐ về lãi suất chào bán TP

Thông báo kỳ tính lãi đầu tiên

Thông báo kỳ tính lãi thứ 2

Cam kết thực hiện nghĩa vụ của Tổ Chức Phát Hành đối với nhà đầu tư:

Hợp đồng Đại lý đăng ký

BCTC 2020

BCTC 2021

BCTC 2022

Điều lệ Ngân hàng

Giấy Đăng ký doanh nghiệp

Giấy phép thành lập

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