LPBank, Novaland sign comprehensive cooperation deal, NVL shares hit ceiling prices

Vietnam’s private lender LPBank and property developer Novaland will coordinate on key initiatives to support investment activities, advance project development, and expand financial services.

An agreement to this effect was signed on Monday, marking a key step in establishing a strategic partnership between the two companies in the finance-banking and real estate sectors.

Accordingly, LPBank (HoSE: LPB) will study and consider providing comprehensive financial solutions, including capital support, financial restructuring, and cash-flow management for Novaland (HoSE: NVL).

As the property developer gradually works to resolve difficulties and accelerate progress on key projects, LPBank’s support is expected to improve access to funding and help drive investment activities in the coming period.

The two sides will also work together to roll out credit programs for individual customers seeking to buy properties developed by Novaland.

At the same time, LPBank will consider providing credit, guarantee and payment services for contractors, suppliers, and partners involved in the projects, helping ensure funding flows and construction progress.

In addition, it will provide a broader range of banking products and services, including credit, deposits, e-banking and insurance, along with cash-flow management solutions, while strengthening customer connectivity between the two sides.

The partnership is expected to open up further business opportunities and offer customers more convenient financial options.

NVL shares hit the daily ceiling price limit for three consecutive sessions ahead of the signing, rising from VND11,100 ($0.42) to VND13,500 apiece. On Tuesday morning, NVL shares stood at VND13,700. Trading volume also surged, with nearly 49 million shares changing hands on Monday alone.

In 2025, Novaland reported positive results, with total consolidated net revenue from sales and services reaching VND6.97 trillion ($265.22 million). Of the total, net revenue from property sales amounted to VND6.37 trillion, mainly from handovers at projects such as NovaWorld Phan Thiet, NovaWorld Ho Tram, Aqua City, Sunrise Riverside, and Palm City, while revenue from services came to VND600 billion (VND22.83 million).

Novaland swung from a loss of about VND4.4 trillion ($167.22 million) to a profit of VND1.82 trillion ($69.25 million), far exceeding the plan for a loss of VND12 billion to VND688 billion set at its 2025 AGM.