The bank with Mr. Nguyen Duc Thuy as Chairman of the Board of Directors has changed its name to Loc Phat Vietnam Bank with the consent of shareholders. This afternoon, Lien Viet Post Bank (LPBank, LPB) held its annual shareholder meeting in 2024. In addition to reports on business activities and capital increase, one content that was asked for shareholders’ opinions was the change of bank name.
Accordingly, the bank was approved to change its name from Lien Viet Post Bank to Loc Phat Vietnam Bank with the abbreviation remaining the same as LPBank. The new name, according to the Board of Directors of LPBank, is also consistent with the stock code LPB under which it is listed and trading on the stock market. “Changing the bank’s name marks a turning point in the current period to realize an effective change strategy, aiming for sustainable development and bringing prosperity to the community,” said a representative of the board of directors.
The changes in brand and personnel took place after Mr. Nguyen Duc Thuy became Chairman of the Board of Directors in 2021. He was elected Vice Chairman about a week later and became Chairman by the end of 2022. Last year, this bank changed its brand identity from LienVietPostBank to LPBank after Vietnam Post Corporation (VNPost) planned to divest capital.
At this year’s shareholders’ meeting, the Chairman of
