Sept 09, 2023: LPBank and MB sign comprehensive cooperation agreement

On September 21, 2023, at MB’s Head Office building in Hanoi, MB and LPBank co-signed a comprehensive cooperation agreement, aiming to promote the strengths of both parties through possessing a widespread network and pioneering technology.

Attending the Signing Ceremony, on LPBank’s side, were Mr. Nguyen Van Thuy – Standing Vice Chairman of the Board of Directors; Mr. Ho Nam Tien – Vice Chairman of the Board of Directors cum CEO; Mr. Bui Thai Ha – Vice Chairman of the Board of Directors and members of the Board of Directors; Board of Management , Chief of Board of Directors Office, Directors of Divisions, Head Office. On MB’s side, there were Mr. Luu Trung Thai – Chairman of the Board of Directors; Ms. Vu Thi Hai Phuong – Vice Chairwoman of the Board of Directors; Ms. Le Thi Loi – Head of the Supervisory Board; Mr. Pham Nhu Anh – Chief Executive Officer; Mr. Vu Thanh Trung – Member of the Executive Board and representatives of the Board of Directors Office, CEO Office, Digital Banking Division etc.

Mr. Pham Nhu Anh – Chief Executive Officer of MB gave his speech in the ceremony.

At the signing ceremony, Mr. Pham Nhu Anh – Chief Executive Officer of MB shared: “MB is very honored to sign a cooperation agreement with LPBank, a bank with a history of more than 15 years with a large network in the group of joint stock commercial banks in Vietnam”.

Assessing this as a great advantage, MB’s Chief executive officer affirmed that this cooperation would promote strengths in business, technology and network through strengthening comprehensive cooperation towards the goal to be each other’s strategic partners in the process of operation and development. MB is always determined to be a digital enterprise, putting the application of technological advances first, MB is confident that they will quickly share experiences and knowledge about digital transformation, and accompany with LPBank to bring customers more valuable touching points.

Mr. Ho Nam Tien – Vice Chairman of the Board of Directors cum CEO of LPBank.

Highly appreciated the cooperation with MB, Mr. Ho Nam Tien – Vice Chairman of the Board of Directors cum CEO of LPBank shared: “For many years, LPBank has always been looking for new technology platforms and models, suitable for the banks’ special conditions.” He also expressed great expectations with the strategic partnership with MB. “LPBank expects and believes that MB will have the important solution to LPBank’s digital transformation problem as well as help LPBank shorten the Bank’s transformation process.”

The signing ceremony of the cooperation agreement between MB and LPBank took place successfully, this is the starting point for both parties to collaborate and materialize the mission of bringing the most convenient financial services to customers, it is also a stepping stone to bring two parties to a new heights. .

After 15 years of development, Lien Viet Post Commercial Joint Stock Bank (LPBank) is one of the largest joint stock commercial banks in Vietnam with a charter capital of  VND 17,291 billion, total assets exceeding VND 350,000 billion and especially  a large network with more than 1,200 transaction points in 63 provinces and cities.

On August 15, 2023, the international credit rating organization Moody’s Investors Service (Moody’s) continued to remain LPBank’s Long-Term Deposit and Long-Term Issuer ratings at B1 with a Stable Outlook. Previously, LPBank was also ranked 33th among 100 Most Valuable Brands in Vietnam 2023 by Brand Finance with the brand value of USD 248.84 million, the Brand rating index of AA- and the Brand Strength Index of 65,34 points.