Kondor Treasury Front to Back is one of the modern trading systems that allows banks to trade quickly and accurately with large volumes in treasury operations. At the same time, thanks to its flexibility, the system can support trading of derivative products and more complex structured transactions.

The Kondor Treasury Front to Back system, which LPBank started deploying in December 2023 and completed Golive in April 2024, has been helping the bank optimize transaction processes, meet business requirements and manage risks from related functional departments more effectively and professionally, saving time and increasing labor productivity. This is one of LPBank's important transaction systems in 2024, contributing to realizing the goal of digitizing the bank's capital operations.

At Finastra's Treasury Executive Summit 2024, LPBank was honored to be selected to receive the award for "Fastest Kondor Treasury System Deployment in Asia - Pacific". Finastra experts commented: "Normally, banks in Vietnam need 12 - 18 months to deploy the Kondor Treasury Front to Back system, but with LPBank, the deployment time was a record fast within only 6 months, this is very impressive to us".

The speed and capacity of implementing the Kondor Treasury system has demonstrated the determination and vision of LPBank's leadership with a comprehensive digitalization strategy, aiming to become the leading sustainable retail bank in Vietnam.

With the great advantage of capital capacity and leadership will, the successful implementation of the Kondor Treasury Front to Back system has helped LPBank make many new marks in the field of digital transformation, helping the bank easily design more innovative products and services, access the market faster with effective costs. Previously, LPBank also successfully implemented a series of key projects such as converting the core banking system according to the T24 solution provided by the Swiss Temenos Group; deploying the Datalake/DataWarehouse data management platform, the Omni channel banking platform...

Ms. Nguyen Anh Van - Deputy General Director and Director of Capital Resources Division of LPBank shared: “It can be said that digital transformation is a strategic step to help LPBank implement the motto of focusing on customers, bringing users many convenient and smart products/services. Being honored in the category of "Fastest Kondor Treasury system deployment in Asia - Pacific" shows the deployment capacity and affirms LPBank's position in service quality, prestige in commitment and investment in technology".

Thanks to strong and comprehensive changes, after the first 6 months of 2024, LPBank is a prominent "bright spot" in the industry's growth picture with triple-digit profit growth. Previously, the bank's pre-tax profit in the first 3 months of the year reached more than VND 2,886 billion. With a second quarter profit of over VND 3,033 billion, LPBank recorded profit growth for 2 consecutive quarters and increased nearly 3.5 times compared to the same period last year.

In addition to its outstanding financial capacity, LPBank has also been continuously honored at prestigious domestic and international awards such as: Fastest Core Banking Implementation Bank in Asia; Best Automation Technology Implementation Bank in Vietnam; Sao Khue 2024; Top 10 Prestigious Private Joint Stock Commercial Banks 2024; Best Workplace in Asia 2024...

In the journey of more than 16 years of development, LPBank has affirmed its prestige and position as one of the 14 most important Vietnamese banks in the system. LPBank is in the Top 500 banks with the highest brand value globally in 2024, owning the largest network in the joint stock commercial banking system with 1,200 transaction points in 63 provinces and cities. On July 15, 2024, LPBank officially changed its name to Loc Phat Vietnam Commercial Joint Stock Bank. The name change marks the beginning of a new development phase of LPBank with a new business strategy, aiming at new values ​​for customers, partners and shareholders. With the motto "customer-centric", LPBank is committed to continuing its journey with the mission of bringing the best quality products and services to people across the country.

Le Thanh