Fortune Vietnam Joint Stock Commercial, VN000000LPB7

LPBank cuts rates: Fortune Vietnam Joint Stock Commercial stock is valued at VND 114.9 trillion

Published on 10/20/2026 at 11:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LPBank cuts lending rates by 1.60-2.00 percent through December 31, 2026. Fortune Vietnam Joint Stock Commercial stock is valued at VND 114.9 trillion.

Rate cuts and bank metrics

LPBank began a lending-rate program on October 19, 2026, with reductions of 1.60 to 2.00 percent.
First-half 2026 assets reached VND 615.5 trillion, while cumulative pretax profit was VND 5.973 trillion.
Fortune Vietnam Joint Stock Commercial Bank had a VND 114.9 trillion market value as of October 19, 2026.

Fortune Vietnam Joint Stock Commercial, VN000000LPB7, Illustration mit AI erstellt.

Fortune Vietnam Joint Stock Commercial Bank (VN000000LPB7), known as LPBank, began cutting lending rates by 1.60 to 2.00 percent on October 19, 2026, for new short-term production and business loans. The program runs through December 31, 2026, and targets individuals, household businesses, micro-enterprises, agriculture and rural areas, according to Upside.

Rate cuts set the latest direction

The move also reduces listed deposit rates by 0.50 to 0.60 percent per year for terms of six months or longer and by 0.05 to 0.10 percent for shorter terms. For LPBank, the policy creates a quantified trade-off: cheaper credit may support loan demand, while lower lending rates can pressure the spread between loan yields and funding costs.

The latest twelve-month chronology shows a bank still expanding its operating network. On October 13, 2026, LPBank received approval to relocate the Dinh Quan transaction office. On October 15, 2026, it received approval for the relocation of the Yen Lac transaction office. Both disclosures were listed by Algolab.

What do the latest figures show?

LPBank reported total assets of VND 615.502 trillion and cumulative first-half 2026 pretax profit of VND 5.973 trillion, equal to 40 percent of its full-year plan, according to the Vietnam Bankers Association. The same release said non-interest income increased 33 percent during the first half.

Next date and market scale

The rate-cut program is scheduled to continue through December 31, 2026, a date specified in the Upside report. No separate future reporting date is included here. As of October 19, 2026, LPBank had a VND 114.9 trillion market value and a 52-week range of VND 37,200.00 to VND 58,500.00, according to Investing.com. The market value gives the rate decision a clear scale: changes to loan pricing affect a bank with more than VND 600 trillion in assets.