At the Congress, shareholders were not only informed about a remarkably successful year 2024, but also witnessed the determination of the Bank's Board of Directors, especially the frank, specific and expectations from Mr. Nguyen Duc Thuy - Chairman of the Board of Directors.
The report of the Executive Board at the Congress showed that LPBank had a breakthrough in many ways in many aspects. Notably, the bank's profits grow superior to the growth rate of total assets and credit, clearly reflecting the quality of sustainable growth. Operating costs are effectively controlled, while safety indicators still ensure compliance with the requirements of the State Bank. The rate of profitability to equity (ROE) reaches 25.1%, bringing LPBank to the leading group in the whole industry in terms of efficiency of equity.
Along with positive business results, 2024 also marks a turning point in LPBank's digital transformation journey. The successful implementation of Core Banking T24 system - recognized as the fastest in Asia - not only upgrades the core technology platform but also paves the way for a series of modern digital financial services. Products such as LPBankbiz and buttonless hotline... have helped the Bank significantly increase customer experience. This is an important premise for LPBank to consolidate its position in the comprehensive digitalization era of the financial industry.
The Congress also approved the 2025 business plan with many ambitious growth targets. Total assets are expected to reach VND 525,890 billion, up 3.5% over the same period, pre-tax profit is targeted at VND 14,868 billion, equivalent to a growth rate of 22.2% compared to the actual 2024 achievements.
Regarding the medium and long-term strategy, Mr. Ho Nam Tien - Permanent Vice Chairman of the Board of Directors - said that LPBank aims to become a leading retail bank in rural areas and urban areas of type 2, and at the same time enter the Top 5 in priority banking services in large cities. For rural areas, LPBank aims to provide financial products and services suitable to the needs of customers in these areas, contributing to promoting socio-economic development. In urban areas, the Bank focuses on improving competitiveness to become one of the top choices of customers with high-quality and diverse services.
Another strategic content approved by the Congress is the establishment of LPBank Debt Management and Asset Exploitation Company Limited (LPBank AMC). According to Mr. Bui Thai Ha - Vice Chairman of the Board of Directors, AMC will play an important role in handling bad debts, while becoming a flexible tool to exploit assets and enhance financial capacity for banks. AMC is not only a tool to reduce the burden on the Bank but also a strategic lever to help LPBank enhance its competitive position and expand operations in the long term, Mr. Ha emphasized.
LPBank's dividend policy is always one of the factors that attract special attention from shareholders, and at the 2025 Annual General Meeting of Shareholders, this policy continues to affirm the Bank's efforts in sharing business results with shareholders. According to the resolution approved at the Congress, LPBank will pay cash dividends at 25% - one of the highest rates on the market today.
This is not only a worthy reward for shareholders' support over the past time but also a demonstration of LPBank's effective development strategy and strict financial management. This dividend policy also contributes to building strong confidence for investors, especially in the context of the banking industry continuing to face fluctuations in the economic and social environment.
Mr. Nguyen Duc Thuy - Chairman of the Board of Directors - affirmed: “LPBank always wants to bring maximum benefits to customers, shareholders and partners. We want to divide the annual dividend as possible. The goal is, as a basis for paying dividends. ”
With attractive dividends and a sustainable development strategy, LPBank not only strengthens the confidence of current shareholders but also opens up opportunities to attract new investors, thereby creating more momentum for the Bank's development in the coming years.
With a clear strategy, consistent message and ambitious goals, LPBank is affirming its position as one of the leading banks, not only in terms of business efficiency but also in terms of strategic vision in the digital age. With a modern technology platform, expanded network and customer strategy as the focus, LPBank is firmly on its journey to become a leading retail bank, providing optimal financial solutions, accompanying the sustainable development of customers, partners, shareholders and the community.
