loc phat vietnam commercial joint stock bank (LPBank) has released documents for its 2026 annual general meeting of shareholders. among the proposals from the board of directors, LPBank intends to establish a one-member limited liability bank, wholly owned by LPBank, to operate within the VIFC.

an LPBank headquarters. *photo: LPBank*

this strategic move aims to anticipate the formation of an international financial ecosystem, enabling LPBank to diversify its revenue streams beyond the traditional banking model. the new legal entity will focus on international financial services, asset management, investment consulting, and digital asset investment management.

in addition to its VIFC entry, LPBank plans to pay a cash dividend of 30% from its pre-tax profit of over 14,268 billion VND in 2025. this represents a high payout rate in the market, reflecting the board of directors' commitment to enhancing shareholder benefits.

LPBank's dividend payout ratio over the years. *source: LPBank*

LPBank also proposes issuing up to 15 million ESOP shares at 10,000 VND per share to strengthen its internal development capacity. these shares will be restricted from transfer for three years, aiming to attract and retain talented personnel while motivating employees to commit to the system's common goals.

regarding personnel, the board of directors has submitted proposals to add two new members for the 2023-2028 term: duong hoai lien and pham quang hung. the supervisory board also anticipates adding experienced personnel from large domestic and international credit institutions.

according to LPBank, the bank has developed detailed response scenarios to be ready for market fluctuations, ensuring smooth operations and protecting assets for customers and shareholders. combining its international vision at VIFC, attractive dividend policy, and robust governance framework, LPBank is preparing for new development steps in 2026.

quang anh