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