LPBank announced that as of 31/12, it has only one shareholder holding over 1% of its capital: Vietnam Post Corporation (VNPost). This indicates Nguyen Duc Thuy has divested a portion of his stake in LPBank.

Previously, Nguyen Duc Thuy held over 70 million LPB shares, representing 2,76% of the bank's capital. In mid-December, he resigned as LPBank chairman for personal reasons, a decision approved by shareholders.

New regulations require banks to periodically disclose shareholders holding 1% or more of charter capital, including related parties. This is a change from the previous 5% threshold, designed to enhance transparency, public disclosure, and curb cross-ownership and potential bank manipulation.

Nguyen Duc Thuy, acting general director of Saigon Thuong Tin Bank. Photo: Sacombank

Nguyen Duc Thuy, acting general director of Saigon Thuong Tin Bank. Photo: Sacombank

Nguyen Duc Thuy currently serves as acting general director of Saigon Thuong Tin Bank (Sacombank). Often referred to by his nickname "bau Thuy" (a term for a prominent patron or tycoon), he was born in 1976. He holds a business administration degree from Colorado State University (CSU) in Colorado, US.

His previous roles include chairman at Thai Group, Thaiholdings Joint Stock Company (JSC), Kim Lien Tourism JSC, and Enclave Phu Quoc JSC. He also served as vice chairman for Xuan Thien Ninh Thuan Solar Power Company and Xuan Thien Dak Lak Solar Power Company. He entered the banking sector in 4/2021, taking on the role of LPBank's vice chairman.

LPBank, originally established as Lien Viet Post Bank in 3/2008, reported a pre-tax profit of 9.612 billion dong for the first 9 months of the year. This represents a 9% increase compared to the same period last year.

By 30/9, LPBank's total assets reached 539.149 billion dong, marking an 18,3% year-on-year increase and a doubling over four years. Credit outstanding stood at 387.898 billion dong, up 17% since the beginning of the year.

Trong Hieu