On October 23, in Ninh Binh province, Petrolimex Joint Stock Commercial Bank (PG Bank - UPCoM: PGB) held the 2023 Extraordinary General Meeting of Shareholders.
The meeting took place after three major shareholders of the bank bought back 40% of shares from the Vietnam National Petroleum Group (Petrolimex), including Gia Linh Import-Export and Trade Development Company Limited (13%), Cuong Phat International Joint Stock Company (14%) and Vu Anh Duc Trading Joint Stock Company (13%).
At the meeting, the Bank submitted to shareholders for approval four main contents, including the approval of the structure and personnel plan for the Board of Directors (BOD) and the Supervisory Board (BOS) for the 2020-2025 term. The expected candidates have all been assessed and approved by the State Bank of Vietnam and voted by shareholders with a high consensus rate.
According to the voting results at the Congress, the new term Board of Directors will consist of 6 members: Mr. Pham Manh Thang, Mr. Dao Phong Truc Dai, Ms. Dinh Thi Huyen Thanh, Mr. Dinh Thanh Nghiep, Mr. Vuong Phuc Chinh, Mr. Nguyen Thanh Lam (independent member of the Board of Directors).
PG Bank's new Board of Directors for the 2020-2025 term (Photo: PG Bank).
The Board of Supervisors for the 2020-2025 term consists of 3 members: Mr. Tran Ngoc Dung, Mr. Trinh Manh Hoan, Ms. Ha Hong Mai.
Also this morning, the Board of Directors and the Supervisory Board held their first meeting to elect the Chairman of the Board of Directors and the Supervisory Board. With high consensus, Mr. Pham Manh Thang was elected as Chairman of the Board of Directors, Mr. Dao Phong Truc Dai was elected as Vice Chairman of the Board of Directors and Mr. Tran Ngoc Dung was elected as Head of the Supervisory Board of PG Bank.
Mr. Pham Manh Thang - New Chairman of the Board of Directors of PG Bank (Photo: PG Bank).
Mr. Pham Manh Thang – New Chairman of the Board of Directors of PG Bank, born in 1962, is a Doctor of Economics and has 39 years of experience in the field of banking and finance. Previously, Mr. Thang was Deputy General Director of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).
Mr. Tran Ngoc Dung - Head of the Board of Supervisors of PG Bank - Born in 1966, Bachelor of Credit Finance; Bachelor of Business Administration; Bachelor of Law.
Mr. Dung has 20 years of experience in the field of finance and banking and is currently the Head of Internal Audit at PG Bank. Previously, Mr. Dung worked at Nam A Commercial Joint Stock Bank and was the Head of the Board of Supervisors at Vietnam Export Import Commercial Joint Stock Bank.
In addition to the content of the personnel structure of the Board of Directors and the Board of Supervisors, the Congress also approved other contents on the restructuring plan associated with bad debt settlement in the period of 2021-2025 and approved the change of the trade name and relocation of PG Bank's head office to the address: HEAC Building No. 14-16 Ham Long, Phan Chu Trinh Ward, Hoan Kiem District, Hanoi City.
The congress also approved the plan to increase charter capital 2 years earlier than the request of the Prime Minister and the State Bank. This plan aims to supplement business capital, modernize technology, and improve PG Bank's competitiveness in the new period .
Thu Huong
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