BVBank has 3 new deputy general managers.

Viet Capital Commercial Bank (BVBank - ticker: BVB) has just announced the appointment of three additional senior leaders to its executive board, all holding the position of deputy general director of the bank.

These members include Mr. Phan Viet Hai (born in 1979), who holds a Bachelor's degree in Information Technology and a Master's degree in Electrical and Computer Engineering. He has over 10 years of experience working at BVBank in the fields of information technology and digital banking.

Ms. Van Thanh Khanh Linh (born in 1979) holds a Bachelor of Law and a Master of Business Administration degree. She has 17 years of experience in the banking industry, particularly in the areas of law and risk management.

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

Mr. Nguyen Thanh Tu (born in 1983) holds a Bachelor's degree in Commercial Law and a Master's degree in International Finance. He has over 17 years of experience in 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 own request. Thus, the BVBank executive board consists of the General Director and nine other members.

The appointment of a series of senior personnel is the next step for Viet Capital Bank after the State Bank of Vietnam approved the amendment of the English abbreviation granted to Viet Capital Bank to BVBank, replacing the previous Viet Capital Bank.

According to the bank, the change to the new abbreviation BVBank is entirely consistent with the criteria of being concise, easy to pronounce, and easy to remember, creating convenience in using the name during transactions. The bank will continue to implement BVBank branding activities to standardize brand identity.

Regarding business operations, BVBank's management board aims for a projected 10% increase in total assets to 86,600 billion VND. Targets include a 16% increase in deposits from economic organizations and individuals to over 69,000 billion VND, a 12% increase in outstanding loans to nearly 60,000 billion VND , and a non-performing loan ratio below 3% of total outstanding loans.

With these financial targets, BVBank expects to earn 502 billion VND in pre-tax profit, a 10% increase compared to 2022.

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

The additional charter capital of approximately VND 664 billion will be implemented through the issuance of shares to existing shareholders from equity capital at a maximum rate of 10% of the charter capital, equivalent to issuing nearly 51.4 million new shares, and the issuance of 15 million shares under the employee stock option program (ESOP).

The bank also plans to transfer its shares from the UPCoM exchange to the HoSE exchange to enhance its position, reputation, and brand, facilitate share trading for shareholders, and seize opportunities to attract more investment capital.

(Source: Zing News)

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