BVBank has 3 new deputy general directors

Bao Viet Commercial Joint Stock Bank (BVBank - code: BVB) has just announced that it has appointed 3 more senior leaders to the executive board, all with the title of deputy general director of the bank.

These members include Mr. Phan Viet Hai (born in 1979), a bachelor of information technology and master of electrical and computer engineering. He has more than 10 years of experience working at BVBank in the field of information technology and digital banking.

Ms. Van Thanh Khanh Linh (born in 1979) has a bachelor's degree in law and a master's degree in business administration. She has 17 years of experience in the banking industry, especially in the field of law and risk management.

BVBank has 3 new deputy general directors - 1 — Viet Capital Bank.

Mr. Nguyen Thanh Tu (born in 1983), has a bachelor's degree in commercial law and a master's degree in international finance. 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.

In June 2023, the bank also accepted the resignation of Mr. Pham Anh Tu - Deputy General Director at his personal request. Thus, BVBank's executive board consists of the general director and 9 members.

Appointing a series of senior personnel is the next step for Ban Viet after the State Bank approved the change of the English abbreviation given to Ban Viet to BVBank, replacing the previous Viet Capital Bank.

According to the bank, the change to the new abbreviation BVBank is completely consistent with the criteria of being short, easy to call, easy to remember, creating convenience in calling the name when making transactions. The bank will continue to implement activities to build the BVBank brand to synchronize brand identity.

Regarding business activities, BVBank's board of directors set a target of total assets expected to grow by 10% to VND86,600 billion. Capital mobilization targets from economic organizations and residents are expected to increase by 16% to over VND69,000 billion, outstanding credit balance increases by 12% to nearly VND60,000 billion , and bad debt ratio is below 3% of total outstanding debt.

With these financial targets, BVBank expects to earn VND502 billion in pre-tax profit, an increase of 10% compared to 2022.

The bank also presented to shareholders and received approval for a plan to increase capital from VND 5,139 billion (after completing the capital increase plan in 2022) to VND 5,803 billion .

The additional charter capital of about VND664 billion will be implemented through issuing shares to existing shareholders from equity capital at a maximum rate of 10% of charter capital, equivalent to issuing nearly 51.4 million new shares and issuing 15 million shares under the employee stock option program (ESOP).

The bank also plans to transfer its shares from being registered for trading on UPCoM to being listed on HoSE to enhance the bank's position, reputation and brand, facilitate shareholders' stock trading and seize the opportunity to attract more investment capital.

(Source: Zing News)

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