June 21, 2023: Mr. Ho Nam Tien officially appointed LPBank CEO

From June 21, 2023, Mr. Ho Nam Tien (right) was officially appointed as Chief Executive Officer of Lien Viet Post Bank – LPBank.

The State Bank issued Dispatch No. 4828/NHNN-TTGSNH dated June 21, 2023 approving the appointment of Mr. Ho Nam Tien as Chief Executive Officer of Lien Viet Post Joint Stock Commercial Bank (LPBank). Previously, on March 17, 2023, the Board of Directors of LPBank assigned Mr. Ho Nam Tien as Acting Chief Executive Officer, accounting for the authorities and responsibilities of the Chief Executive Officer.

Mr. Ho Nam Tien, born in 1971, held a Master in Banking. He had 30 years of experience working in the financial and banking industry and held many senior management roles at financial organizations and institutions. Mr. Ho Nam Tien joined LPBank in 2010 and had 13 years of holding senior leadership positions here. During his time at the Bank, he made significant contribution to the development of LPBank, contributing to the Bank’s impressive business results.

With strong expertise and extensive experience in the field of finance and banking, Mr. Ho Nam Tien was expected to lead LPBank to achieve its strategic goals for the period of 2023 – 2028, aiming for intensive and comprehensive changes towards new and more outstanding development targets. Of which, special attention was paid to digital transformation – digitalization of banking activities in order to provide high quality financial products and services and maximize customer benefit. Thereby, LPBank gradually materialized its goal of becoming the leading retail bank in Vietnam – a Bank for everyone.

In the context that the economy was facing many difficulties, LPBank’s business activities still achieved some positive highlights thanks to optimizing capital usage by adjusting capital flexibly in hamony with credit growth and ensuring operational safety ratios.

Particularly, since June 8, 2023, LPBank had spent 8,000 billion VND 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 in order to support retail and corporate customers in difficulties.

Apart from reducing the lending interest rates, the Bank also implemented many packages to offer flexible financial solutions to customers. On May 25, 2023, LPBank officially 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.