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LPBank (Lộc Phát Việt Nam Joint Stock Commercial Bank) has updated and expanded its documentation for the 2026 annual general meeting (AGM), highlighting a strategic plan to participate in the International Financial Center (VIFC), alongside proposals for a high dividend payout and an employee stock ownership plan (ESOP).
In its AGM materials, LPBank outlines a plan to establish a wholly owned subsidiary bank to operate at VIFC. The new entity is expected to concentrate on high value-added activities, including international financial services, asset management, investment advisory, and particularly the management and investment of digital assets.
LPBank also said that a presence at VIFC is expected to help diversify revenue, improve competitiveness, and mobilize medium- to long-term funding from international strategic partners at favorable costs.
Alongside the VIFC strategy, LPBank continues to present a strong financial outlook. For 2025, the bank targets pre-tax profit exceeding VND 14.268 trillion.
Based on this performance target, LPBank plans to propose a cash dividend payout totaling up to 30%, described as among the highest in the market, reflecting the board’s intention to maximize shareholder value and share business results with investors.
To strengthen internal capacity for the next development phase, LPBank proposes issuing shares under an employee stock ownership plan (ESOP). The bank plans to issue up to 15 million ESOP shares, equivalent to about 0.5% of shares outstanding, at VND 10,000 per share.
The ESOP shares are proposed to be non-transferable for three years and to vest gradually over time. LPBank said the ESOP is intended to attract and retain talent and create motivation for employees to support the bank’s objectives.
The AGM materials also reference LPBank’s employee welfare approach, including flexible and fair compensation and a policy allowing staff to finish work on Friday afternoons at 3 PM after meeting or exceeding targets.
For the 2023–2028 term, the AGM is expected to propose adding two new board members: Ms. Duong Hoai Lien and Mr. Pham Quang Hung.
The Supervisory Board is also expected to be strengthened with additional experienced professionals from finance and accounting backgrounds at major domestic and international institutions.
LPBank further includes a draft remediation plan in the event of early intervention, indicating a proactive governance stance. The materials note that safety indicators remain high, while detailed contingency scenarios are intended to support smooth operations and protect customers’ and shareholders’ assets.
LPBank’s AGM proposals combine an international expansion direction through VIFC, a dividend payout plan of up to 30% tied to a 2025 pre-tax profit target above VND 14.268 trillion, and an ESOP program of up to 15 million shares, alongside governance strengthening measures aimed at supporting the bank’s growth plans for 2026.
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