July 13, 2023: LPBank announce closing date for list of shareholders to pay dividend of 19%

On July 12, 2023, Lien Viet Post Joint Stock Commercial Bank (LPBank, stock symbol: LPB) announced the closing date for the list of shareholders to pay dividend of 2022 at the ratio of 19%  in the form of shares and would issue shares worth of 5,000 billion VND to existing shareholders to increase its  charter capital to 25,576 billion VND.

Specifically, LPBank would close the list of shareholders on August 23, 2023 to issue more than 328.5 million shares to pay dividends at a ratio of 19% (shareholders who owned 100 shares would receive 19 shares). After completing the share issuance, the Bank would increase its charter capital by 3,285 billion VND. In addition, the Bank also planned to increase its charter capital by 5,000 billion VND through the issuance of shares to existing shareholders, which had been approved by the Annual General Meeting of Shareholders 2023, the State Bank and the State Securities Commission of Vietnam.

After completing the above issuance, LPBank expected the charter capital would increase from 17,291 to 25,576 billion VND. Increase of LPBank’s charter capital aimed to improve financial capacity, operational scale and competitiveness, ensuring stable and sustainable development of the Bank.

LPBank currently has the largest network among joint stock commercial banks with more than 1,200 transaction points nationwide. With the new strategic orientation, LPBank has been promoting the spirit of solidarity, strong and comprehensive change, outstanding development and commitment to bringing the best value and benefits to customers.

Specially, in order to support the economy in difficulties, LPBank has been spending 10,000 billion VND since June 2023 in implementing a short-term loan program for the purpose of business and production, applied to both retail customers and corporate customers with preferential interest rates starting from only 7.5%/year. Additionally, LPBank has also launched the product “Super-fast loans for production and business within 24 hours” with the highlight of issuing the credit approval notification within 24 hours with simply and flexible documents and procedures.

For detailed information, please visit Website: https://lpbank.com.vn/nha-dau-tu/cong-bo-thong-tin/ or hotline (free): 1800 57 77 58.