The State Bank has just issued a document approving LPBank's proposal to increase its charter capital by offering shares to existing shareholders, which was approved by the 2024 Annual General Meeting of Shareholders. Accordingly, the Bank is allowed to offer an additional 800 million shares with a par value of VND 10,000 to existing shareholders to increase its capital by VND 8,000 billion. After the offering, LPBank's charter capital reached VND 33,576 billion, ranking among the banks with the highest charter capital in the entire system, affirming its position as a joint stock commercial bank with a large network across 63 provinces and cities. The offering of additional shares and increasing LPBank's charter capital aims to improve its financial capacity, increase the Bank's competitiveness in the process of international economic integration, and maximize benefits for customers, partners and shareholders. The thick capital buffer also allows LPBank to provide stronger support to businesses in the current difficult context, contributing to unblocking credit flows. Specifically, the Bank advocates investing in green economic development for areas such as renewable energy, clean energy, low-carbon production and consumption industries; Investing in agriculture and rural areas; Exempting and reducing fees; Many times adjusting lending interest rates and policies accompanying businesses... With the core value of Customer-centricity, during 16 years of construction and development, LPBank has continuously improved its technology platform to serve the goal of comprehensive digitalization, investing in solutions, products, services, and increasing value for customers. Most recently, LPBank created a miracle when successfully converting the CoreBanking T24 core technology system solution after only 7 months of implementation. This is a core technology project in LPBank's strong, comprehensive, sustainable and prudent development strategy for the 2024-2028 period, helping to improve business performance, flexibility in application design, products and services towards enhancing customer experience./.
LPBank was approved by the State Bank to increase its charter capital to 33,576 billion VND.
Việt Nam•17/05/2024As one of the first credit institutions approved by the State Bank to increase capital in 2024, LPBank will issue shares to increase its charter capital to VND33,576 billion, placing it among the banks with the largest charter capital in the system. The State Bank has just issued a document approving LPBank's proposal to increase its charter capital by offering shares to existing shareholders, which was approved by the 2024 Annual General Meeting of Shareholders. Accordingly, the Bank is allowed to offer an additional 800 million shares with a par value of VND 10,000 to existing shareholders to increase its capital by VND 8,000 billion. After the offering, LPBank's charter capital reached VND 33,576 billion, ranking among the banks with the highest charter capital in the entire system, affirming its position as a joint stock commercial bank with a large network across 63 provinces and cities. The offering of additional shares and increasing LPBank's charter capital aims to improve its financial capacity, increase the Bank's competitiveness in the process of international economic integration, and maximize benefits for customers, partners and shareholders. The thick capital buffer also allows LPBank to provide stronger support to businesses in the current difficult context, contributing to unblocking credit flows. Specifically, the Bank advocates investing in green economic development for areas such as renewable energy, clean energy, low-carbon production and consumption industries; Investing in agriculture and rural areas; Exempting and reducing fees; Many times adjusting lending interest rates and policies accompanying businesses... With the core value of Customer-centricity, during 16 years of construction and development, LPBank has continuously improved its technology platform to serve the goal of comprehensive digitalization, investing in solutions, products, services, and increasing value for customers. Most recently, LPBank created a miracle when successfully converting the CoreBanking T24 core technology system solution after only 7 months of implementation. This is a core technology project in LPBank's strong, comprehensive, sustainable and prudent development strategy for the 2024-2028 period, helping to improve business performance, flexibility in application design, products and services towards enhancing customer experience./. Source: http://lpbank.com.vn/tin-tuc/17-5-2024-lpbank-duoc-ngan-hang-nha-nuoc-chap-thuan-tang-von-dieu-le-len-33-576-ty-dong/
The State Bank has just issued a document approving LPBank's proposal to increase its charter capital by offering shares to existing shareholders, which was approved by the 2024 Annual General Meeting of Shareholders. Accordingly, the Bank is allowed to offer an additional 800 million shares with a par value of VND 10,000 to existing shareholders to increase its capital by VND 8,000 billion. After the offering, LPBank's charter capital reached VND 33,576 billion, ranking among the banks with the highest charter capital in the entire system, affirming its position as a joint stock commercial bank with a large network across 63 provinces and cities. The offering of additional shares and increasing LPBank's charter capital aims to improve its financial capacity, increase the Bank's competitiveness in the process of international economic integration, and maximize benefits for customers, partners and shareholders. The thick capital buffer also allows LPBank to provide stronger support to businesses in the current difficult context, contributing to unblocking credit flows. Specifically, the Bank advocates investing in green economic development for areas such as renewable energy, clean energy, low-carbon production and consumption industries; Investing in agriculture and rural areas; Exempting and reducing fees; Many times adjusting lending interest rates and policies accompanying businesses... With the core value of Customer-centricity, during 16 years of construction and development, LPBank has continuously improved its technology platform to serve the goal of comprehensive digitalization, investing in solutions, products, services, and increasing value for customers. Most recently, LPBank created a miracle when successfully converting the CoreBanking T24 core technology system solution after only 7 months of implementation. This is a core technology project in LPBank's strong, comprehensive, sustainable and prudent development strategy for the 2024-2028 period, helping to improve business performance, flexibility in application design, products and services towards enhancing customer experience./.
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