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LPBank Hoang Anh Gia Lai FC Players
Fortune Vietnam Joint Stock Commercial Bank or LPBank (previously known as: LienVietBank or LienVietPostBank) is a Vietnamese retail bank based in Hanoi. As of December 31, 2023, LPBank's total assets reached over VND382,953 billion, up 17% from the beginning of the year. Market segment 1 mobilization activities reached VND285,342 billion; credit growth reached VND39,686 billion with a rate of 16.83%, in line with the ceiling allowed by the State Bank of Vietnam The State Bank of Vietnam (SBV; ) is the central bank of Vietnam. Organized as a Ministry (government department), ministry-level body under the Government of Vietnam, it is the sole issuer of the national currency, the Vietnamese đồng. As o .... As of the end of 2023, LPBank's NPL ratio was 1.26%, lower than the same period (1.45%) and much lower than the third quarter of 2023. LPBank was granted a license to operate on March 28, 2008 with the original name LienVietBank and officially launched on May 1, 2008 wit ...
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Hanoi
Hanoi ( ; ; ) is the Capital city, capital and List of cities in Vietnam, second-most populous city of Vietnam. The name "Hanoi" translates to "inside the river" (Hanoi is bordered by the Red River (Asia), Red and Black River (Asia), Black Rivers). As a Municipalities of Vietnam, municipality, Hanoi consists of 12 List of urban districts of Vietnam, urban districts, 17 Huyện, rural districts, and 1 District-level town (Vietnam), district-level town. The city encompasses an area of . and as of 2024 has a population of 8,718,000. Hanoi had the second-highest gross regional domestic product of all Vietnamese provinces and municipalities at US$51.4 billion in 2022, behind only Ho Chi Minh City. In the third century BCE, the Cổ Loa Citadel, Cổ Loa Capital Citadel of Âu Lạc was constructed in what is now Hanoi. Âu Lạc then Vietnam under Chinese rule, fell under Chinese rule for a thousand years. In 1010, under the Lý dynasty, Vietnamese emperor Lý Thái Tổ established ...
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Retail Bank
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking). Banking services which are regarded as retail include provision of savings account, savings and transactional accounts, Mortgage loan, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term ''commercial bank'' is used for a ''normal'' bank to distinguish it from an investment banking, investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a b ...
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State Bank Of Vietnam
The State Bank of Vietnam (SBV; ) is the central bank of Vietnam. Organized as a Ministry (government department), ministry-level body under the Government of Vietnam, it is the sole issuer of the national currency, the Vietnamese đồng. As of 2024 it holds over USD 100 million in foreign exchange reserves. History When Indochina was under French Indochina, French rule, the colonial government governed the Indochinese monetary system through Banque de l'Indochine, which also acted as a commercial bank in French Indochina. After the August Revolution in 1945, the government of the Democratic Republic of Vietnam gradually attempted to exercise a monetary system independent from France. On 6 May 1951, president Ho Chi Minh, Hồ Chí Minh signed decree 15/SL on establishment of Vietnam National Bank (''Ngân hàng Quốc gia Việt Nam''). On 21 January 1960, the governor of the bank signed an ordinance on behalf of the prime minister to rename the bank State Bank of Vietnam ( ...
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Banks Of Vietnam
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancie ...
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Postal Savings System
Postal savings systems provide depositors who unbanked, do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor. History In 1861, Great Britain became the first nation to offer such an arrangement. It was supported by Sir Rowland Hill, who successfully advocated the penny post, and William Ewart Gladstone, then Chancellor of the Exchequer, who saw it as a cheap way to finance the public debt. At the time, banks were mainly in the cities and largely catered to wealthy customers. Rural citizens and the poor had no choice but to keep their funds at home or on their persons. The original Post Office Savings Bank was limited to deposits of £30 per year with a maximum balance of £150. Interest was paid at the rate of 2.5 percent per annum on whole pounds in the account. Later, the limits were raised to a maximum of £500 per year in deposits with no limit on ...
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