Fortune Vietnam Joint Stock Commercial Bank
About the Issuer
Established in 2008, LPBank is a mid-sized commercial bank focusing on retail and small and medium-sized enterprises (SMEs) customers. Among the privately-owned banks in Vietnam, it currently has the widest physical network of branches and transaction offices nationwide, particularly in the rural provinces and regions.
Rating Results
Credit Opinion
(1) exhibits a track record of maintaining prudent credit underwriting standards and improving the asset quality; or
(2) improves its loss-absorption buffer through a substantial increase in core capitalization, such that TCE / RWA ratio stays above 13% on a sustained basis
(1) the bank’s asset risk profile increases substantially through higher new problem loan formation rate and/or higher credit concentration alongside a deterioration in its loss absorption buffer or
(2) the bank’s funding and/or liquidity risks increases due to further weakening in its core deposit funding and/or increasing reliance on short-term market funds
(1) widest physical network of branches and transaction offices nationwide, particularly in the rural provinces and regions;
(2) track record of maintaining superior asset quality and loan loss coverage metrics relative to the industry average
(1) credit concentration to large borrowers and vulnerability to single-name credit events;
(2) modest core low-cost deposit franchise relative to industry peers
Issuer analysis reports
Rating Results
Second Party Opinion
List of Second Party Opinions (SPO) published by VIS Rating for LPB.
VIS Rating has not issued a Second Party Opinion for this company
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