Photo: Mr. Nguyen Duc Thuy - Chairman of LPBank Board of Directors (right) presents flowers to congratulate Mr. Pham Phu Khoi (left)
Mr. Pham Phu Khoi, with over 38 years of experience in the field of finance and banking, is a prominent and influential figure in the financial industry in Vietnam. He was born in 1963 and is an alumnus of the Wharton School, University of Pennsylvania, USA, with a Master of Business Administration in Finance. Previously, Mr. Khoi completed a Master of Aviation Economics program at the Riga Civil Aviation University, Latvia, and an International Executive course at INSEAD Business School in Fontainebleau, France.
Prior to joining LPBank, Mr. Khoi had many years of experience in senior leadership positions at domestic and international financial and banking institutions, including Deputy CEO at VPBank, CEO of ACB Securities Company, CEO at Bank of America Merrill Lynch Singapore, Head of emerging market credit at Standard Chartered Bank Singapore, and many other important positions. He is currently Chairman of the Board of Directors of Vietnam Investment Credit Rating Joint Stock Company (VIS Rating), Chairman of the Board of Directors of LPBank Securities Joint Stock Company and Vice Chairman of the Vietnam Bond Market Association.
Mr. Pham Phu Khoi was appointed Vice Chairman of LPBank Board of Directors.
The appointment of Mr. Khoi as Vice Chairman of LPBank's Board of Directors is part of the Bank's long-term strategy to realize the goal of becoming the No. 1 retail bank in rural areas and second-tier cities on a digital platform, TOP 5 priority banking services in large cities. Mr. Khoi will continue to contribute to the sustainable development of LPBank in the period of strong transformation of the digital economy.
Sharing about this appointment decision, Mr. Nguyen Duc Thuy - Chairman of LPBank's Board of Directors emphasized: " The appointment of Mr. Pham Phu Khoi demonstrates LPBank's determination to continue to consolidate and improve its management capacity, meeting the requirements of sustainable development and international integration. We believe that with his extensive experience and strategic vision, Mr. Khoi will help LPBank achieve its goal of becoming a leading financial institution in Vietnam, a pioneer in digital transformation and sustainable development."
By the end of 2024, LPBank will remain steadfast in its sustainable development strategy and comply with the directions of the Party, Government and State Bank, thereby achieving positive business results. LPBank's pre-tax profit reached VND 12,168 billion, exceeding 116% of the plan approved by the General Meeting of Shareholders. With this result, LPBank officially joined the club of enterprises with profits exceeding VND 10 trillion. Total assets at the end of 2024 will reach over VND 508 trillion, an increase of 33% compared to 2023, reflecting the growth and expansion of LPBank's operations in the commercial banking system in Vietnam.
Looking to the future, LPBank identifies the Lean strategy to: Lead effectively - Operate excellently while pioneering the application of modern technology with the desire to bring the best customer experiences, maximize benefits for customers, partners and shareholders, create sustainable value and prosperity for the community and society./.
K.Oanh
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