Shareholders approved Mr. Thuy's resignation letter at an extraordinary general meeting of LPBank on 23/12. Ho Nam Tien, the permanent vice chairman of the Board of Directors (BOD), will succeed Mr. Thuy.

Mr. Nguyen Duc Thuy, born in 1976 in Ninh Binh, joined the LPBank BOD in late 4/2021 and assumed the chairmanship in 12/2022. He currently holds over 70,7 million LPB shares.

Nguyen Duc Thuy, chairman of LPBank's Board of Directors at the 2024 annual meeting. Photo: LPBank.

In addition to Mr. Nguyen Duc Thuy, his younger brother, Nguyen Van Thuy, also submitted his resignation from the position of vice chairman of the LPBank BOD for similar reasons. Mr. Thuy was born in 1981.

Consequently, the bank's Board of Directors now comprises five people: Pham Phu Khoi, Ho Nam Tien, Bui Thai Ha, Hinh Ngoc Huy, and Vuong Thi Huyen.

LPBank, formerly known as Lien Viet Post Bank, was established in 3/2008. For the first nine months of the year, the bank reported a pre-tax profit of 9,612 billion VND, representing a 9% increase compared to the same period last year.

As of 30/9, LPBank's total assets reached 539,149 billion VND, an 18,3% increase year-on-year and double the amount from four years ago. Credit outstanding stood at 387,898 billion VND, up 17% from the beginning of the year.