On the same day, the Board of Directors (BOD) of Loc Phat Bank Vietnam (LPBank) held a meeting and agreed to appoint Mr. Vu Quoc Khanh as General Director from February 25, 2025. This is an important decision, affirming the Board of Directors' trust in Mr. Khanh's operational capacity, while demonstrating LPBank's long-term human resources strategy to continue developing and expanding business operations.
Mr. Vu Quoc Khanh, born in 1981, graduated with a bachelor's degree in Business Administration from the National Economics University. He has 6 years of experience with the Bank for Agriculture and Rural Development of Vietnam (Agribank) and 17 years of working at LPBank.
Joining LPBank, Mr. Vu Quoc Khanh held many important positions, participating deeply in management and supervision of key business areas such as product development, risk management, system operations and market expansion. In 2011, Mr. Khanh took on the position of Deputy General Director when he was only 30 years old.
Speaking at the appointment ceremony, Mr. Vu Quoc Khanh emphasized: "This is not only an honorable and proud task, but also a glorious mission for me personally. I am committed to excellently completing the assigned targets, while complying with the safety regulations in banking operations. In the coming time, with the spirit of solidarity, courage and continuous innovation, we will take LPBank to new heights - the leading retail bank, the bank of everyone.
The appointment of Mr. Vu Quoc Khanh as General Director demonstrates LPBank's strategic orientation in building a quality leadership team, while emphasizing its commitment to sustainable human resource development, meeting the requirements of a modern bank. This not only ensures stability in the management apparatus but also helps the Bank strengthen its position and develop towards sustainability.
Thus, up to now, LPBank has completed the entire Executive Board of 11 people, including the General Director, 5 Deputy General Directors and 5 members of the Executive Board. LPBank's Board of Directors are all people with high professional qualifications and diverse experience in the fields of banking, finance, information technology, human resources, risk management, operations, etc. With a team of experienced, enthusiastic and united personnel, LPBank is expected to complete the strategic goals set by the Board of Directors, towards strong and sustainable growth.
At the end of 2024, LPBank recorded impressive business results, completing 116% of the annual plan and officially joining the banking group with a profit of over VND 10,000 billion. The return on equity (ROE) reached 25.1%, ranking among the leading in the industry. In addition, LPBank always maintains a stable growth rate, optimizes operational performance and constantly improves service quality to meet the increasing needs of customers.
With a solid foundation, strategic vision and a strong and courageous leadership team, LPBank is ready to break through, affirming its leading position in the Vietnamese finance and banking industry.
