LPBank elects additional Vice Chairman of the Board of Directors

Lien Viet Post Bank (LPBank – HoSE: LPB) has just announced the Board of Directors' Resolution to elect Mr. Le Minh Tam - an independent member of the Board of Directors to hold the position of Vice Chairman of the Board of Directors.

Mr. Le Minh Tam was born in 1971 and was elected as a member of LPBank's Board of Directors from April 23, 2023. He graduated with a Bachelor's degree in Economics from Ho Chi Minh City Banking University, a Master's degree in Business Administration from Massachusetts Institute of Technology and a Master's degree in Law from Fletcher School of Law, Tufts University, Massachusetts, USA.

Mr. Le Minh Tam has more than 30 years of experience in the field of finance and banking, holding senior leadership positions in large domestic and international banks and securities companies. He has held important positions at banks such as Hongleong Bank Limited (Malaysia), Maybank Kimeng (now Maybank Investment Bank (Malaysia), Asia Commercial Bank (ACB), Yuanta Securities Company (Taiwan)...

LPBank's Board of Directors (BOD) approved the election of Mr. Le Minh Tam - Independent Member of the Board of Directors to hold the position of Vice Chairman of LPBank's Board of Directors (Photo: LPBank).

Thus, according to the updated information on the website, LPBank's board of directors currently has a total of 7 members including Chairman of the Board of Directors Nguyen Duc Thuy, 4 Vice Chairmen of the Board of Directors: Mr. Nguyen Van Thuy, Mr. Ho Nam Tien, Mr. Bui Thai Ha and Mr. Le Minh Tam, 2 members: Mr. Huynh Ngoc Huy and Mr. Le Hong Phong.

In the most recent development, the State Bank of Vietnam has approved LPBank to increase its charter capital by a maximum of VND8,000 billion in the form of offering shares to existing shareholders, which was approved by the bank's 2024 Annual General Meeting of Shareholders.

Accordingly, LPBank's 2024 Annual General Meeting of Shareholders approved the plan to increase charter capital by offering an additional 800 million shares with a par value of VND10,000 to existing shareholders to increase capital by an additional VND8,000 billion. After the offering, LPBank's charter capital is expected to increase from VND25,576 billion to VND33,576 billion.

In addition, LPBank's annual shareholders' meeting also approved the name change to Loc Phat Vietnam Commercial Joint Stock Bank. The name "Loc Phat Bank" in the concept of East Asians also means creating development, wealth, luck, prosperity and prosperity.

In the market, in the afternoon trading session on May 28, LPB shares hit the ceiling at VND25,050/share with a trading volume of more than 14.5 million units .

Source: https://www.nguoiduatin.vn/lpbank-bau-bo-sung-pho-chu-tich-hdqt-a665686.html