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Monday, July 15, 2024

LPBank has new CEO

The Saigon Times

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HCMC – The State Bank of Vietnam has approved the appointment of Ho Nam Tien as chief executive officer of Lien Viet Post Joint Stock Commercial Bank (LPBank – stock code LPB).

Ho Nam Tien was previously appointed as the lender’s acting CEO on March 17, 2023, replacing Pham Doan Son who resigned for personal reasons.

The 52-year-old CEO holds a Master’s degree in banking and has 30 years of work experience in the finance and banking sector. He joined LBBank in 2010 and has held senior leadership positions in the bank.

LPBank has set its pre-tax profit target in 2023 at VND6 trillion, up 11% over 2022. The bank has also planned to increase its capital by over VND11 trillion, mostly via share issuances.

LPB closed the trading session today, June 22, at VND15,200, up 1% over the previous session, with nearly 11.2 million shares changing hands.

With 314 winners and 114 losers, the VN-Index of the Hochiminh Stock Exchange improved by 6.84 points, or 0.61%, over the previous session, to 1,125.3 points.

Over 919.3 million shares valued at VND18.6 trillion changed hands today, up 5% in volume and 6% in value against yesterday’s session.

Block deals contributed around VND2.3 trillion to the overall value, with 90.3 million shares transacted.

Among the blue-chip stocks, VHM was the best performer, rising 2% to VND55,700, and served as the main driver for the benchmark VN-Index.

This session saw real estate and construction stocks rise strongly.

Notably, DIG surged to its ceiling price before closing at VND23,050, up 6.2%. It recorded the highest trading volume in the market, with over 47.7 million shares traded today.

Other stocks in the real estate and construction sectors also performed well today, such as DXS with a surge of 5.1% to VND9,200; TCD up by 4.9% to VND10,150; and DXG climbing by 4.2% to VND16,000.

On the northern bourse, the HNX-Index of the Hanoi Stock market gained 0.14 points, or 0.06%, from the session earlier, to 231.91 points, with 96 stocks rising and 86 others dipping.

Over 6.5 million shares valued at VND111.4 billion changed hands today.

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