Affirming its position, Loc Phat Bank Vietnam (LPBank) is continuously honored with prestigious awards.

In addition to impressive business results in the first 6 months of the year, Loc Phat Vietnam Bank ( LPBank ) continues to be honored in prestigious domestic and international award categories, affirming its position as one of the joint stock commercial banks with strong, effective and sustainable growth. According to the published financial report, Loc Phat Vietnam Bank (LPBank) recorded a profit of VND 5,919 billion as of June 30, 2024, an increase of 142% over the same period, bringing the total assets of the bank to VND 442,926 billion, an increase of 16% compared to the beginning of the year. This impressive business result continues to demonstrate LPBank's comprehensive transformation strategy and sustainable efficiency, while affirming the increasingly strong position of the LPBank brand in the financial market. In parallel with its thriving business activities, Loc Phat Vietnam Bank has also been honored at prestigious domestic and international awards. Recently, LPBank was honored with 2 awards; "Best Automation Technology Implementation Bank in Vietnam" presented by The Asian Banker and Top 10 Prestigious Private Commercial Joint Stock Banks voted by Vietnam Report and VietNamNet newspaper. "Sweet fruit" when promoting automation in banking activities In July, Loc Phat Vietnam Bank made a strong impression at the award ceremony of The Asian Banker - Asia's leading financial rating organization with the award "Best Automation Technology Implementation in Vietnam ". This award is a recognition of the efforts of akaBot, FPT IS and LPBank with the automation project, helping to improve labor productivity to increase operational efficiency through the core technology system of Robotic Process Automation (RPA).

Mr. Vu Quoc Khanh - Permanent Deputy General Director of LPBank received the award for Best Automation Technology Implementation in Vietnam

It is known that The Asian Banker's Jury especially appreciated the major transformations in LPBank's operations when successfully integrating advanced RPA technology into the traditional banking environment. The rapid and effective application of RPA has helped LPBank improve processing speed, save up to 3,195 hours/month, save transaction time, limit manual operations to 20% and increase maximum accuracy to 100%. In the digitalization strategy, LPBank affirms that the application of internal process automation and personalization is a mandatory trend to improve operational efficiency as well as save costs. More importantly, this frees employees from manual, repetitive tasks, to spend time on business support, customer care, interesting tasks with higher efficiency. Previously, in May 2024, LPBank was honored to be the first bank in Vietnam as well as in Asia to receive the award "Fastest Core Banking Implementation in Asia" from Temenos. By continuously receiving prestigious international awards in the field of digital transformation and automation, LPBank has demonstrated its continuous efforts to have worthy "sweet fruits" in the journey to become a leading digital bank. Rising brilliantly with prestigious financial capacity, after the transformation of Loc Phat Bank Vietnam, LPBank continues to be honored and receive prestigious awards in Vietnam. Among them, the LPBank brand is in the Top 10 prestigious private commercial banks researched and evaluated by Vietnam Report and VietNamNet newspaper.

Ms. Nguyen Anh Van - Deputy General Director representing LPBank received the award of Top 10 prestigious Private Commercial Joint Stock Banks

Accordingly, banks are ranked in the Top 10 based on 3 criteria; (1) Financial capacity shown in the most recent financial report; (2) Media reputation is assessed using the Media Coding method - encoding articles about banks on influential media channels; (3) Survey of research subjects and stakeholders updated to May 2024. In Vietnam Report's assessment, LPBank is a bank with positive business results, ensuring service quality and bringing customers the best experiences. In addition, LPBank is a brand with a variety of topics and a high rate of positive news on media channels compared to banks in Vietnam. In terms of financial capacity, with triple-digit profit growth, LPBank is a prominent "bright spot" in the industry's growth picture in the first 6 months of 2024. In particular, LPBank's efforts to diversify revenue sources have resulted in a significant increase in the proportion of non-credit in the profit earned. The proportion of non-interest income contributed 22.63% to the total income structure, reaching VND 2,079 billion in the first 6 months of the year. LPBank's capital mobilization results in the first 6 months of the year reached VND 336,978 billion, outstanding loans to market 1 reached VND 317,417 billion, credit growth of 15.23% compared to December 31, 2023. Being honored at prestigious domestic and international awards affirms LPBank's position in service quality, reputation for capacity and investment in technology. LPBank will continue to maintain its growth momentum, demonstrating the steadfastness of its strong transformation strategy, comprehensive efficiency, and sustainable and prudent development. At the same time, maximizing the strength of its large network, LPBank aims to bring the best quality products and services with the highest values ​​and benefits to customers, partners and shareholders.

K.Oanh