LPBank Securities seeks to rename to LPS Securities

LPBank Securities Joint Stock Company (LPBS) plans to rename itself to LP Securities Joint Stock Company (LPS) and will seek shareholder approval for related business expansion at its 2026 Annual General Meeting of Shareholders.

AGM details

LPBS will hold the 2026 AGM on April 16 at the 19th floor of the LPBank Building, 210 Tran Quang Khai and 17 Tong Dan, Hoan Kiem District, Hanoi.

Among the key agenda items, the company will present the proposed name change from LPBank Securities Joint Stock Company (LPBS) to LP Securities Joint Stock Company (LPS). The AGM will also authorize the Board of Directors to decide and implement the timing of the name change and all related matters.

Approval sought for derivatives-related businesses

The Board proposes that shareholders approve a plan to commence derivatives business activities, including brokerage, proprietary trading, and investment advisory for derivative securities.

The proposal also includes providing clearing and settlement services for derivatives trading for LPBS’s clients, as well as for non-clearing members and their clients.

To implement these activities, LPBS will seek approval to register as a derivatives trading member with the Stock Exchange and to register as a general clearing member on the derivatives market.

2026 business targets and profit distribution proposals

LPBS previously approved its 2026 business plan with net revenue of VND 3,800 billion, up more than 125% from 2025.

The targets for pre-tax and after-tax profit are VND 1,700 billion and VND 1,360 billion, respectively, up 160% compared with the prior year.

For 2025 profit distribution, the company proposes not to pay dividends for 2025. As a result, the after-tax profit remaining undistributed and carried forward to 2025 is VND 608.4 billion.

For 2026 profit distribution, LPBS proposes setting aside a rewards and welfare reserve of up to 5% of after-tax profit, with an additional maximum of 20% of after-tax profit above the plan if the plan is exceeded.

Other agenda items

In addition, the AGM will approve other matters, including the Board’s governance report and the Board’s 2025 activities and 2026 direction; the CEO’s 2025 performance and 2026 business plan; the Supervisory Board’s report; the audited financial statements for 2025; and the remuneration of Board members and the Supervisory Board for 2026.