LPBank affirms its leading position in the field of international payments with a prestigious award from JPMorgan Chase

Việt NamViệt Nam22/11/2024

Loc Phat Vietnam Bank (LPBank) continues to affirm its leading position in the field of international payments when it was recently awarded the "Clearing Elite Quality Recognition Award MT202" by JPMorgan Chase - one of the world's leading financial groups - for USD transactions for 3 consecutive years (2022 - 2023 - 2024).

Ms. Nguyen Anh Van, Deputy General Director of LPBank received the International Payment Quality Excellence Award in 2023 and 2024 from Ms. Phan Bich Van, General Director of JPMorgan Chase Vietnam.

The award ceremony took place solemnly at LPBank's headquarters with the participation of representatives of the Board of Directors of the two banking and financial institutions. On JPMorgan Chase's side, there was the presence of Ms. Phan Bich Van - General Director of JPMorgan Vietnam; Ms. Jing Zhang - Managing Director, Trade Expert for Asia and representatives of relevant departments. On LPBank's side, there was the participation of Ms. Nguyen Anh Van - Deputy General Director; Ms. Nguyen Thi Vui - Member of the Executive Board and representatives of some functional Departments/Divisions. Since 1997, JPMorgan Chase's International Payment Quality Excellence Award has become an important measure, recognizing the most outstanding partner banks in automating international transaction processing. This award not only honors efforts in achieving automatic processing rate (STP), but also affirms the ability to operate quickly, accurately and effectively, while minimizing risks and enhancing the reputation of partner banks.

The “International Payment Quality Excellence” Award from JPMorgan Chase was presented to LPBank for 3 consecutive years.

LPBank has made a strong impression by successfully conquering the most stringent standards of JPMorgan Chase in the field of international payments with an absolute automatic transaction processing rate. Specifically, when the rate of processing electricity for USD payment services, the rate of continuous processing electricity reached 100%. This success is a clear demonstration of the effectiveness of the digital transformation strategy and promoting international payment services that LPBank has persistently pursued. Thanks to that, LPBank not only meets the increasing demand of customers for safe and diverse financial solutions, but also firmly consolidates its competitive position in the market. Speaking at the ceremony, JPMorgan Chase representative, Ms. Phan Bich Van expressed her impression of LPBank's achievements. She emphasized that LPBank has always been an important partner of JPMorgan Chase in the Vietnamese market, not only in the field of international payments, but also in many other areas of cooperation. LPBank's continuous high STP rate is a testament to its serious investment in technology and people, bringing superior service experiences to customers. JPMorgan Chase believes that the relationship between the two banking and financial institutions will become deeper and broader to continue to bring the best quality of service to customers.

Representatives of LPBank and JPMorgan Chase took souvenir photos at the event.

On LPBank's side, Ms. Nguyen Anh Van - Deputy General Director shared: "This award is a motivation for LPBank to continue to maintain and improve the quality of international payment services, and continue to promote innovative initiatives in the future to constantly meet the increasing needs of customers and partners". The "Excellent International Payment Quality" award from JPMorgan Chase, awarded to LPBank for 3 consecutive years, not only recognizes LPBank's efforts in providing safe, fast and efficient international payment services, but also demonstrates LPBank's professionalism, reputation and commitment in building and maintaining a global financial network.
In recent years, LPBank has been known as one of the largest, most prestigious joint stock banks with strong growth rates. LPBank's success is not only measured by its scale and large network of more than 1,200 transaction points in 63 provinces and cities nationwide, but also clearly demonstrated through its impressive business results. At the end of the third quarter of 2024, LPBank's pre-tax profit reached VND 2,900 billion, with accumulated pre-tax profit for the first 9 months reaching VND 8,818 billion, an increase of 139% over the same period. 2024 marks a spectacular breakthrough for LPBank with a series of prestigious awards. The Bank is proud to be honored in the Top 500 Fastest Growing Enterprises in Vietnam, Top 500 Banks with the Highest Brand Value Globally and Top 100 Most Valuable Brands in Vietnam, Top 50 Prestigious and Effective Public Companies, Top 10 Prestigious Private Joint Stock Commercial Banks, Best Workplaces in Asia, Asia Pacific Enterprise Awards (APEA) 2024... At the same time, LPBank also affirms its pioneering position in the field of technology with the "Sao Khue 2024" award for digital banking and fastest Core Banking Deployment in Asia.

K.Oanh


Comment (0)

No data
No data

Same tag

Same category

Colorful Vietnamese landscapes through the lens of photographer Khanh Phan
Vietnam calls for peaceful resolution of conflict in Ukraine
Developing community tourism in Ha Giang: When endogenous culture acts as an economic "lever"
French father brings daughter back to Vietnam to find mother: Unbelievable DNA results after 1 day

Same author

Image

Heritage

Figure

Business

No videos available

News

Ministry - Branch

Local

Product