Changes in senior personnel and growth orientation for LPBank in 2023

DNHN - In 2023, Lien Viet Post Commercial Joint Stock Bank - LPBank is consolidating its personnel organization and concentrating on growth orientation.

According to the resignation letter, the Board of Directors (BOD) of Lien Viet Post Commercial Joint Stock Bank (LPBank - Code: LPB) decided to dismiss Mr. Nguyen Quoc Thanh, Deputy General Director, on July 1, 2023. Thanh's job. This is one of several successions of executive-level personnel changes at LPBank in 2023.

Born in 1983, Mr. Nguyen Quoc Thanh is the youngest member of the LPBank Board of Directors. In May 2014, he began working at LPBank as the Deputy General Director and Head of the Information Technology Division. Before joining LPBank, Mr. Thanh spent three years at Viettel.

The State Bank approved Mr. Ho Nam Tien's appointment as General Director of LPBank on June 21, according to Official Letter No. 4828/NHNN-TTGSNH. Mr. Ho Nam Tien has thirteen years of experience in senior leadership at LPBank and has been with the bank since 2010.

LPBank fired Mr. Kim Minh Tuan - Deputy General Director on April 28, according to his resignation letter. One month later, Ms. Bui Thai Ha was also fired from her position as Deputy General Director, but she continues to serve as Director of the Legal and Risk Management Division.

Mr. Doan Nguyen Ngoc and Ms. Nguyen Thi Vui were appointed as Deputy General Directors by LPBank on April 24. Notably, Mr. Doan Nguyen Ngoc is Chairman Nguyen Duc Thuy's brother-in-law.

Mr. Pham Doan Son resigned from his position as General Director in March due to personal reasons. Since March 17, 2023, in the absence of a new General Director, Mr Ho Nam Tien - Standing Deputy General Director has been assigned the duties and responsibilities of the bank's General Director.

LPBank aims for a pre-tax profit of VND 6,000 billion in 2023, a slight increase of 5.4% from the previous year. It is anticipated that total assets will reach VND 375 billion, an increase of 14.4% from the beginning of the year. Market 1 deposits are estimated at VND 295,700 billion, an increase of 17.9%, while market credit is anticipated to increase by 16% to nearly VND 273,500 billion, subject to adjustment based on the State Bank's approved growth limit.

In 2023, LPBank is continuing the process of personnel organization consolidation and focusing on growth orientation. The change in senior management personnel demonstrates that the bank is emphasizing innovation and development orientation.

P.V (t/h)