{{Short description|Vietnamese retail bank}} {{advert|date=September 2016}} {{Infobox company | name = LPBank | logo = LPBank typeface.png | native_name = Ngân hàng Lộc Phát Việt Nam | native_name_lang = vi | type = Joint-stock | industry = Banking and Finance | founded = {{sda|2008|3|28}} | hq_location_city = Hanoi | key_people = Nguyen Duc Thuy (Chairman)<br>Ho Nam Tien (CEO) | assets = VND 365,000 billion (2023) (equivalent to USD 15 billion) | num_employees = 10,600 (As of Nov 30 2023) | former type = | hq_location_country = Vietnam | website = {{URL|https://lpbank.com.vn/}} }}

'''Fortune Vietnam Joint Stock Commercial Bank or LPBank''' (previously known as: LienVietBank or '''LienVietPostBank) is''' a Vietnamese retail bank based in Hanoi. As of December 31, 2023, LPBank's total assets reached over VND382,953 billion,<ref>{{Cite web |last=PHÓNG |first=BÁO SÀI GÒN GIẢI |date=2024-01-12 |title=Năm 2023, LPBank đạt hơn 7.000 tỷ đồng lợi nhuận, tăng 24% so với năm 2022 |url=https://www.sggp.org.vn/share722414.html |access-date=2024-01-30 |website=BÁO SÀI GÒN GIẢI PHÓNG |language=vi}}</ref> up 17% from the beginning of the year. Market segment 1 mobilization activities reached VND285,342 billion;<ref>{{Cite web |last=Chính |first=Báo Sài Gòn Đầu Tư Tài |date=2024-01-12 |title=LPBank đạt hơn 7.000 tỷ đồng lợi nhuận trước thuế trong năm 2023 |url=https://dttc.sggp.org.vn/share111208.html |access-date=2024-01-30 |website=Báo Sài Gòn Đầu Tư Tài Chính |language=vi}}</ref><ref>{{Cite web |date=2024-01-12 |title=12-01-2024: LPBank quản trị rủi ro hiệu quả, mang về 7.039 tỷ đồng lợi nhuận năm 2023 |url=http://lpbank.com.vn/tin-tuc/12-01-2024-lpbank-quan-tri-rui-ro-hieu-qua-mang-ve-7-039-ty-dong-loi-nhuan-nam-2023/ |access-date=2024-01-30 |website=LPBank |language=vi}}</ref> credit growth reached VND39,686 billion with a rate of 16.83%, in line with the ceiling allowed by the State Bank of Vietnam.<ref>{{Cite web |date=2024-01-12 |title=Nợ xấu giảm xuống mức 1,26%, LPBank thu về 7.039 tỷ đồng |url=https://nhandan.vn/post-791802.html |access-date=2024-01-30 |website=Báo Nhân Dân điện tử |language=vi}}</ref><ref>{{Cite web |last=tcct |date=2024-01-13 |title=Ngân hàng LPBank (LPB): Lãi hơn 7.000 tỷ đồng trong năm 2023, nợ xấu giảm mạnh |url=https://tapchicongthuong.vn/bai-viet/ngan-hang-lpbank-lpb-lai-hon-7000-ty-dong-trong-nam-2023-no-xau-giam-manh-115983.htm |access-date=2024-01-30 |website=Tạp chí Công Thương |language=vi}}</ref> As of the end of 2023, LPBank's NPL ratio was 1.26%, lower than the same period (1.45%) and much lower than the third quarter of 2023.<ref>{{Cite web |date=2024-01-12 |title=Nợ xấu giảm xuống mức 1,26%, LPBank thu về 7.039 tỷ đồng |url=https://nhandan.vn/post-791802.html |access-date=2024-01-30 |website=Báo Nhân Dân điện tử |language=vi}}</ref><ref>{{Cite web |date=2024-01-12 |title=Nợ xấu giảm về mức 1,26%, LPBank ước đạt 7.039 tỷ đồng lợi nhuận trong năm 2023 |url=https://www.tinnhanhchungkhoan.vn/post-337656.html |access-date=2024-01-30 |website=Tin nhanh chứng khoán |language=vi}}</ref><ref>{{Cite web |last=daibieunhandan.vn |title=LPBank ra mắt Autobank với các tiện ích và trải nghiệm vượt trội |url=https://daibieunhandan.vn/doanh-nghiep1/lpbank-ra-mat-autobank-voi-cac-tien-ich-va-trai-nghiem-vuot-troi-i358559/ |access-date=2024-01-30 |website=Báo Đại biểu Nhân dân |language=vi}}</ref>

LPBank was granted a license to operate on March 28, 2008 with the original name LienVietBank and officially launched on May 1, 2008 with a charter capital of VND3,300 billion.<ref>{{Cite web |title=Những dấu ấn trên hành trình chuyển đổi số của một ngân hàng bán lẻ |url=https://vietnamnet.vn/nhung-dau-an-tren-hanh-trinh-chuyen-doi-so-cua-mot-ngan-hang-ban-le-2228000.html |access-date=2024-01-30 |website=VietNamNet News |language=vietnamese}}</ref><ref>{{Cite web |date=2024-01-01 |title=LienVietPostBank: Phát triển bền vững, đóng góp tích cực cho xã hội |url=https://sbv.gov.vn/webcenter/portal/vi/menu/trangchu/ttsk/ttsk_chitiet?leftWidth=20%25&showFooter=false&showHeader=false&dDocName=CNTHWEBAP01162515887&rightWidth=0%25&centerWidth=80%25&_afrLoop=42597157939226023#%40%3F_afrLoop%3D42597157939226023%26centerWidth%3D80%2525%26dDocName%3DCNTHWEBAP01162515887%26leftWidth%3D20%2525%26rightWidth%3D0%2525%26showFooter%3Dfalse%26showHeader%3Dfalse%26_adf.ctrl-state%3D1rsue863q_9 |access-date=2024-01-30 |language=vi}}</ref> In 2011, LPBank changed its name to LienVietPostBank.<ref>{{Cite web |last=Phương/BNEWS/TTXVN |first=Lê |title=Bnews - Tin tức kinh tế mới nhất, cập nhật 24h |url=https://bnews.vn/ngan-hang-buu-dien-lien-viet-chinh-thuc-doi-ten-viet-tat-va-nhan-dien-thuong-hieu-moi/291320.html |access-date=2024-01-30 |website=bnews.vn |language=vi}}</ref><ref>{{Cite web |last=VCCorp.vn |date=2023-04-17 |title=LienVietPostBank muốn đổi tên thành LPBank |url=https://cafef.vn/lienvietpostbank-muon-doi-ten-thanh-lpbank-188230417102934195.chn |access-date=2024-01-30 |website=cafef |language=vi}}</ref><ref>{{Cite web |last=Quoc |first=Bao |date=2023-05-15 |title=My prepaid center |url=https://myprepaidcenter.info/ |access-date=2024-01-30 |website=VietnamFinance |language=vi}}</ref><ref>{{Cite web |date=2023-05-15 |title=LPBank chính thức là tên viết tắt của Ngân hàng Bưu điện Liên Việt |url=https://tienphong.vn/post-1534424.tpo |access-date=2024-01-30 |website=Báo điện tử Tiền Phong |language=vi}}</ref>

The year 2023 marks the 15th year of operations, and the bank has updated its brand identity to a simplified, memorable, and easily readable format as LPBank.<ref>https://thanhnien.vn/lpbank-chinh-thuc-doi-nhan-dien-thuong-hieu-185230526115030571.htm</ref> In July 2024, LPBank will change its name to Fortune Vietnam Joint Stock Commercial Bank.<ref>https://lpbank.com.vn/tin-tuc/lpbank-cong-bo-ten-thuong-mai-moi-ngan-hang-loc-phat-viet-nam/</ref>

==Milestones== {| class="wikitable sortable" |- ! '''Time'''!! '''Milestones ''' |- | ''' 2008'''|| * Established as LienVietBank and opened the first branch in Hau Giang Province respectively in March and May 2008. |- | '''2011''' || * • Signed a 50-year co-operation agreement with Vietnam Post to merge with Vietnam Postal Savings Service Company (VPSC) and changed name to LienVietPostBank. * Became a member of the World Savings & Retail Banking Institute (WSBI). * Moved headquarters to Ho Chi Minh City |- | '''2015''' || * Integrated LienVietPostBank’s ATM system into Smartlink. |- | ''' 2016''' || * Officially launched Vi Viet E-wallet – a payment gateway and a financial management tool. * Vi Viet became the winner of the UNCDF SHIFT Challenge Fund Second Window, granted US$325,000 to promote financial inclusion for Vietnamese women. * Moved headquarters to Hanoi |- | ''' 2017''' || * LienVietPostBank is listed on the UPCOM stock exchange as LPB |- |'''2020''' | * LPB is listed on HOSE (Ho Chi Minh City Stock Exchange). |- |'''2023''' | * Changed abbreviated name to LPBank. * Launched T24 Corebanking Project. |- |'''2024''' | * Changed abbreviated name to Fortune Vietnam Joint Stock Commercial Bank. |}

==Key financial figures==

{| class="wikitable" |- ! Unit: USD million !! 2013 !! 2014!!2015!!2016!!2017!!2018 !2021 !2022 !By end of 3rd Q, 2023 |- | Total Assets || 3,784 || 4,745 || 4,807|| 6,402 || 7,288 || 7,765 |11,920 |14,000 |15,000 |- | Owners’ Equity || 346 || 348 || 340 || 376 || 419 || 432 |620 |710 |1,000 |- | Profit before Tax || || || || || || |150 |230 |150 |- | Revenue || || || || || || |950 |1,230 |NA |- | Return on average equity (ROAE) (%) || 7.72% || 6.36%|| 4.67% || 13.34% || 15.45% || 11.4% |18.52% |22.08% |NA |- | Non-performing loans (NPL) (%) || 2.48% || 1.1% || 0.88% || 1.08% || 1.04% || 0.96% |1.24% |1.46% |NA |- | Dividend payout ratio (%/year) || 8.00% || 6.00% || 4.5% || 10% || 15% || 10% |15% |19% |NA |}

==References== {{Portal|Banks}} {{reflist}}

Category:Banks of Vietnam Category:Postal savings system Category:Companies in the VN30 Equal Weight Index