On the morning of April 28, Loc Phat Vietnam Commercial Joint Stock Bank (LPBank) successfully held the Annual General Meeting of Shareholders (AGM) in 2026.
Divide in cash at a rate of 30%
Regarding business results, the report at the congress showed that LPBank recorded stable growth in 2025. As of the end of 2025, total assets reached 605,585 billion VND (up 19% compared to 2024). Pre-tax profit reached 14,269 billion VND, up 17%. The operating efficiency index (CIR) remained at 28.3%.
Based on this result, shareholders voted to approve the profit distribution plan with a cash dividend payout ratio of 30%.
Profit target of nearly 15,000 billion VND in 2026
Stepping into 2026, the AGM sets a cautious growth target. Specifically:
Total assets: Expected to reach 615.600 billion VND (up 1.6%).
Pre-tax profit: Target VND 14,982 billion (up 5% compared to 2025).
Credit balance: Striving to reach 4375.81 billion VND (growth of 11.7%).
The bank affirms that it will operate capital mobilization activities flexibly, closely monitor market developments and ensure safe ratios according to the regulations of the State Bank.
Explaining the business plan for 2026, General Director of LPBank - Mr. Vu Quoc Khanh said that the targets are built on the principle of prudence and substance, closely reflecting geopolitical developments as well as the risk management situation of the bank.
In the context of the credit growth limit (room) for the whole year being allocated at 11.7% and the regulation not to increase more than 25% of the total room in the first quarter (equivalent to a real growth rate of only about 2.925%), LPBank will adjust its strategy. Instead of prioritizing scale expansion, the bank has shifted its focus entirely to growth quality.
According to Mr. Vu Quoc Khanh, if in 2025 the bank has optimized operations to achieve good profit margins, then entering 2026, pressure from the market and deposit interest rates will create significant challenges. Despite having advantages in digital platforms and a wide network to ensure deposit scale and stabilize capital costs, LPBank's leaders believe that the profit margin in 2026 will be affected and it will be difficult to maintain the explosive level of the previous year.
Consolidating the senior personnel apparatus
At the congress, shareholders also conducted additional personnel elections for the Board of Directors (BOD) and the Supervisory Board for the 2023 - 2028 term. Ms. Duong Hoai Lien and Mr. Pham Quang Hung were elected as new BOD members. At the same time, the congress approved the dismissal of Ms. Vuong Thi Huyen from the position of independent BOD member. Currently, the bank's BOD has 6 members.
For the Supervisory Board, 03 newly elected members include: Ms. Pham Thi Thom, Ms. Trinh Thi Thanh Hang and Ms. Phung Thi Thu Hien. These are all personnel with in-depth experience in the field of risk management and banking finance.
Establishment of a subsidiary bank at VIFC
One of the key contents approved by the LPBank AGM is the policy of establishing a one-member limited liability bank 100% owned by LPBank, headquartered at the International Financial Center in Vietnam (VIFC).
According to the bank's leadership, this new legal entity plays the role of a gateway for LPBank to access international financial services, asset management and investment consulting. The presence at VIFC is expected to help the bank diversify revenue sources and enhance its ability to mobilize medium and long-term capital from international financial institutions.
