BVBank appoints 3 new Deputy General Directors

Bao Viet Commercial Joint Stock Bank (BVBank, UPCoM: BVB) has just announced and awarded the decision to appoint members of the Executive Board including three Deputy General Directors.

Accordingly, at BVBank Headquarters, Mr. Le Anh Tai - Chairman of the Board of Directors and Ms. Nguyen Thanh Phuong - Vice Chairman of the Board of Directors of the Bank presented the decision to appoint 3 Deputy General Directors including Mr. Phan Viet Hai; Ms. Van Thanh Khanh Linh and Mr. Nguyen Thanh Tu.

According to information from the bank, Mr. Phan Viet Hai was born in 1979, has a bachelor's degree in Information Technology from Griffith University - Australia, and a master's degree in Electrical and Computer Engineering from RMIT University - Australia. Before joining BVBank, Mr. Hai held important positions in the Information Technology sector at multinational companies.

Mr. Phan Viet Hai has more than 10 years of working experience at BVBank with an important position in the field of Information Technology. Most recently, he held the position of Director of Information Technology and Director of Digital Banking Communications at BVBank.

Ms. Van Thanh Khanh Linh was born in 1979, graduated with a Bachelor of Law from Ho Chi Minh City University of Law; Master of Business Administration from the University of International Trade in Geneva, Switzerland.

She is also a Lawyer – Ho Chi Minh City Bar Association, Vietnam Bar Federation. Before being appointed Deputy General Director, Ms. Linh had more than 10 years of working experience at BVBank, including more than 9 years as Director of Risk Management Division.

Finance - Banking - BVBank appoints 3 new Deputy General Directors — Order from left to right: Mr. Phan Viet Hai, Ms. Van Thanh Khanh Linh, Mr. Nguyen Thanh Tu.

Mr. Nguyen Thanh Tu was born in 1983, graduated with a bachelor's degree in Commercial Law from Ho Chi Minh City University of Law and a master's degree in International Finance from Leeds Beckett University - UK. He has more than 17 years of experience working in the field of commercial law and banking and finance, including 16 years working at BVBank.

Before being appointed Deputy General Director, Mr. Nguyen Thanh Tu held the position of Chief of Office of the Board of Directors of BVBank and most recently Director of Support, in charge of Human Resources - Training, Administrative Management and Network Development of BVBank. He is also a Lawyer affiliated with the Ho Chi Minh City Bar Association, Vietnam Bar Federation from 2010 to present.

In June 2023, BVBank also accepted the resignation of Mr. Pham Anh Tu - Deputy General Director according to his personal wishes.

Currently, after adding three new members, BVBank's Board of Directors consists of 10 members including General Director Ngo Quang Trung, 4 Deputy General Directors, Director of Operations, Director of Finance, Director of Personal Customer and Director of Credit Appraisal.

Regarding business results, in the first quarter of 2023, BVBank's pre-tax profit reached nearly 26 billion VND, a sharp decrease compared to the results achieved in the same period last year.

The main reason is that net interest income - the bank's main source of revenue - decreased sharply by 31.6% compared to the same period, reaching 286 billion VND. On the other hand, some other business segments of the bank still recorded growth such as net profit from securities trading increased more than 17 times, reaching more than 19 billion VND, net profit from other activities also increased 2.7 times compared to the same period, reaching nearly 23 billion VND.

As of March 31, 2023, total bank assets reached VND 78.6 trillion, a slight increase over the same period in 2022, of which outstanding credit reached more than VND 53 trillion, an increase of more than 5% compared to the end of the year and an increase of 8% compared to the same period in 2022.

Regarding debt quality, as of the end of March, Viet Capital Bank had VND1,566 billion in bad debt, up 10% compared to the beginning of the year. The bad debt/loan ratio was at 2.93% .

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