Mr. Do Quang Vinh was elected Vice Chairman of SHB Board of Directors

Saigon - Hanoi Commercial Joint Stock Bank (HoSE:SHB ) has just announced the Resolution of the Board of Directors on electing personnel to hold the position of Vice Chairman of the Board of Directors for the 2022-2027 term.

Accordingly, Mr. Do Quang Vinh - Member of the Board of Directors and Deputy General Director and Mr. Do Duc Hai - Member of the Board of Directors and Deputy General Director were elected to hold the position of Vice Chairman of the Board of Directors of SHB for the 2022 - 2027 term.

Previously, the Annual General Meeting of Shareholders of SHB held on April 11 elected new members to the Board of Directors for the 2022-2027 term, including Ms. Ngo Thu Ha - Member of the Board of Directors and General Director of SHB; Mr. Do Duc Hai - Member of the Board of Directors and Deputy General Director of SHB; Mr. Pham Viet Dan - Member of the Board of Directors; Mr. Haroon Anwar Sheikh - Independent Member of the Board of Directors.

Thus, the SHB Board of Directors for the 2022-2027 term has 8 members, including Mr. Do Quang Hien as Chairman, 2 Vice Chairmen: Mr. Do Quang Vinh and Mr. Do Duc Hai; Mr. Thai Quoc Minh, Ms. Ngo Thu Ha, Mr. Pham Viet Dan, Mr. Do Van Sinh, and Mr. Haroon Anwar Sheikh as independent members of the Board of Directors.

Mr. Do Quang Vinh, born in 1989, is the eldest son of SHB Chairman of the Board of Directors Do Quang Hien (also known as "boss" Hien), has a Master's degree in Finance and Management from the University of East Anglia (UK).

Mr. Vinh has 12 years of experience in the field of Finance - Banking; has held many important positions at prestigious domestic and international organizations.

As Deputy General Director of SHB, over the past three years, Mr. Vinh has made important contributions to the bank's retail banking development strategy and digital transformation. Currently, Mr. Vinh is the direct leader leading the implementation of SHB's Strategy and Comprehensive Transformation, including Digital Transformation and digital banking.

Finance - Banking - Mr. Do Quang Vinh was elected Vice Chairman of SHB Board of Directors — New Vice Chairman of SHB Board of Directors Mr. Do Duc Hai (left) and Mr. Do Quang Vinh (right).

Mr. Do Duc Hai, born in 1982, has a Bachelor's degree in Finance - Banking. Mr. Hai has nearly 20 years of experience in the field of Finance - Banking and has held many important positions such as: Head of Corporate Customer Department, Branch Director at Habubank (merged into SHB). Mr. Hai has held the position of Deputy General Director and Director of SHB Van Phuc Branch from 2021 to present.

In a related development, the 2023 Annual General Meeting of Shareholders held yesterday (April 11) of SHB approved this year's business plan with two profit plans reaching VND10,285 billion and VND10,626 billion, respectively, corresponding to two scenarios of credit growth limits of 10% and 14%.

SHB also approved a plan to increase charter capital by issuing shares, accordingly, it is expected to issue more than 552 million shares to existing shareholders to pay dividends in 2022 at a rate of 18%, meaning that shareholders owning 100 shares will receive 18 new shares. The total issuance value at par value is more than VND 5,520 billion.

In addition, SHB shareholders also approved the plan to increase capital by issuing shares to foreign investors and foreign strategic investors. Accordingly, Chairman Do Quang Hien said that by the end of this year or early next year, SHB will have foreign investors in the medium term .

Source