LPBank appoints new CEO
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Lender LPBank, formerly LienVietPostBank, has named Ho Nam Tien its new CEO.
Tien, 52, has been with the bank since 2010 and has 30 years of experience in the financial and banking sector, including in senior positions at several companies.
He replaces Pham Doan Son, who resigned as CEO in March due to personal reasons.
LPBank is focused on digital transformation in the next five years and has ambitions of becoming the top retail bank in Vietnam.
LPBank targets a pre-tax profit of VND6 trillion this year, up 11% from 2022.
The company eyes to increase its capital by VND11 trillion ($468 million), mostly by rights issue.
Questions & Answers
Q.What is the new CEO's background before this appointment?
What is the new CEO's background before this appointment?
Ho Nam Tien has been with LPBank since 2010 and possesses 30 years of experience in finance and banking. He has held senior positions at various companies within the sector.
Q.What are LPBank's main strategic goals for the near future?
What are LPBank's main strategic goals for the near future?
LPBank aims for digital transformation over the next five years and intends to become Vietnam's top retail bank. They are also targeting a pre-tax profit of VND6 trillion this year.
Q.How does LPBank plan to increase its capital?
How does LPBank plan to increase its capital?
The company plans to increase its capital by VND11 trillion ($468 million). This increase will primarily be achieved through a rights issue.
Q.Why did the previous CEO resign from LPBank?
Why did the previous CEO resign from LPBank?
Pham Doan Son, the former CEO, resigned from his position in March. His resignation was attributed to personal reasons.
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