Loc Phat Bank Vietnam appoints Mr. Vu Quoc Khanh as General Director

Mr. Nguyen Duc Thuy - Chairman of LPBank Board of Directors (right) presents the appointment decision to Mr. Vu Quoc Khanh - General Director of LPBank (left)

On the same day, LPBank's Board of Directors (BOD) held a meeting and agreed to appoint Mr. Vu Quoc Khanh as General Director from February 25, 2025. This is an important decision, affirming the BOD's trust in Mr. Khanh's management capacity, and at the same time demonstrating LPBank's long-term human resources strategy to continue developing and expanding business operations.

Mr. Vu Quoc Khanh, born in 1981, graduated with a bachelor's degree in Business Administration from the National Economics University. He has 6 years of experience with the Bank for Agriculture and Rural Development of Vietnam ( Agribank ) and 17 years of experience at LPBank.

Joining LPBank, Mr. Vu Quoc Khanh held many important positions, deeply involved in management and in charge of key business areas such as product development, risk management, system operation and market expansion. In 2011, Mr. Khanh took on the position of Deputy General Director when he was just 30 years old.

LPBank Board of Directors and Supervisory Board congratulate Mr. Vu Quoc Khanh - New General Director

Speaking at the appointment ceremony, Mr. Vu Quoc Khanh emphasized: “ This is not only an honorable and proud task, but also a glorious mission for me personally. I pledge to excellently complete the assigned goals, while complying with the safety ratios in banking operations. In the coming time, with the spirit of solidarity, courage and continuous innovation, we will bring LPBank to new heights - a leading retail bank, a bank for everyone ” .

The appointment of Mr. Vu Quoc Khanh as General Director demonstrates LPBank's strategic orientation in building a quality leadership team, while emphasizing its commitment to sustainable human resource development, meeting the requirements of a modern bank. This not only ensures stability in the management apparatus but also helps the Bank strengthen its position and develop in a sustainable direction.

Thus, up to now, LPBank has completed the Executive Board of 11 people, including the General Director, 05 Deputy General Directors and 05 members of the Executive Board. The members of LPBank's Executive Board are all highly qualified people with diverse experience in the fields of banking, finance, information technology, human resources, risk management, operations, etc. With a team of experienced, enthusiastic and united personnel, LPBank is expected to complete the strategic goals set by the Board of Directors, aiming for strong and sustainable growth.

Photo 3: Portrait of Mr. Vu Quoc Khanh - General Director of Loc Phat Bank Vietnam (LPBank)

By the end of 2024, LPBank recorded impressive business results, completing 116% of the annual plan and officially joining the group of banks with profits of over VND 10,000 billion. Return on equity (ROE) reached 25.1%, ranking among the leading banks in the industry. In addition, LPBank always maintains stable growth, optimizes operational efficiency and continuously improves service quality to meet the increasing needs of customers.

With a solid foundation, strategic vision and a strong, courageous leadership team, LPBank is ready to break through and affirm its leading position in the Vietnamese finance and banking industry./.

K.Oanh