Overview
Lien Viet Post Joint Stock Commercial Bank or LPBank, formerly known as LienVietPostBank and LienVietBank, operates under Banking License No. 91/GP-NHNN issued by the Governor of the State Bank of Vietnam dated 28th March 2008.
The founding shareholders of LPBank are Him Lam Joint Stock Company, Saigon Trading Corporation (SATRA) and Tan Son Nhat Airport Services Company (SASCO).
In 2011, Vietnam Post Corporation (VNPost) contributing capital to the LienVietBank with the value of the Postal Savings Service Company (VPSC) and in cash, LienVietBank was approved by the Prime Minister and Governor of the State Bank of Vietnam to change its name to Lien Viet Post Joint Stock Commercial Bank.
Along with this name change, Vietnam Post Corporation officially became the largest shareholder of LPBank.
Currently, with the chartered capital of VND25,576 billion (USD1.05 billion) and a nationwide network, LPBank is one of the largest joint stock commercial banks in Vietnam.
Integrating and contributing to local economic development, fostering prosperity of the community via comprehensive, professional and effective financial services.
Become the most trusted financial partner and the first choice of individuals, households, small and medium enterprises in rural and urban areas.
1. Integrity
LPBank always considers integrity as a solid foundation for all relationships with customers. In any case, LPBank also behaves honestly, transparently, respectfully, properly and protects the legitimate interests of customers and the Bank’s code of ethics. LPBank builds absolute trust with customers and partners as well as employees and the community including the government management authorities. Always attaching importance to integrity is also how LPBank builds its reputation and expands business opportunities.
In the recruitment, promotion, training as well as self-improvement of LPBank’s staff, integrity is always the most important core value.
2. Responsibility
LPBank commits to always performing its operations with the highest responsibility, ensuring accuracy, safety and maximizing the confidentiality of customers.
Our business activities not only focus on bringing profits to the Bank, but also always aim for the sustainable development of the community and society, maximizing the benefits for customers, partners, and employees, shareholders and the environment… on the basis of compliance with the law and professional ethics rules. This is a measure of LPBank’s value scale, affirming LPBank’s position, reputation, brand and the workable competition in the market.
3. Solidarity
All employees and leaders at all levels of LPBank are always committed to a cooperative working environment, respect each other, care for each other, share all successes and responsibilities. We always appreciate creative ideas, respect different opinions but all share the same goal of developing the Bank and protecting the core values of integrity, openness, fairness and objectivity.
4. Creativity
LPBank is committed to always taking the lead in applying advanced technologies to the implementation of the Bank’s value chain. Always innovate and create to bring maximum value, experience and personalize the Bank’s services to customers.
Innovation and creativity are also the foundation to increase labor productivity, efficiency and the quality of customer services.
5. Customer focus
We always put customers at the center of our organizational structure, business perspective and development strategy. The Bank’s products and services are designed to meet the needs and optimize benefits for customers. Sustainable relationship with customers is the Bank’s greatest asset.
Retail – Services –Diversified Business.
LPBANK IS CONSISTENT WITH THE POLICY “SOCIAL INTEGRATION IN BUSINESS”
During the process of formation and development, LPBank and Shareholders have consistently and continuously implemented the policy of “Social integration in business”.
The implementation of this policy has brought Lien Viet Post Bank three significant reputations: the bank that built the most number of schools in Vietnam, the bank that founded and sponsored the most number of study promotion funds in Vietnam and the best bank for Corporate Social Responsibility (CSR) in Vietnam.
So far, LPBank and Shareholders have sponsored fully or partially the construction of over 250 schools, functional houses, libraries, seminars, etc, serving educational and training purposes nationwide.
LPBank has founded and sponsored 11 Study Promotion Funds, Talent Promotion Funds and major scholarship programs. Every year, the Bank continues to cooperate with fund management boards and local authorities to organize events for commendation and reward the achievements of pupils, students, teachers, etc in the following provinces: Bac Ninh, Phu Tho, Nam Dinh, Ninh Binh, Thanh Hoa, Ha Tinh, Hanoi etc.