VietinBank dismisses 1 Deputy General Director

Vietnam Joint Stock Commercial Bank for Industry and Trade ( VietinBank , HoSE: CTG) recently announced a personnel change. Accordingly, the Board of Directors of VietinBank has decided to dismiss Mr. Hoang Ngoc Phuong from the position of Deputy General Director. The effective date is March 28, 2024.

The reason for the dismissal given by the bank is according to Decision No. 2339 dated March 22 of the Central Committee of the Vietnam Fatherland Front on receiving and appointing Mr. Phuong to the position of secretary of Mr. Do Van Chien - Secretary of the Party Central Committee, Secretary of the Party Delegation, Chairman of the Central Committee of the Vietnam Fatherland Front.

Mr. Hoang Ngoc Phuong was born in 1984 and has a Master's degree in Business Administration. He has been assigned to the position of Deputy General Director of VietinBank since May 12, 2022. Before taking this position, Mr. Phuong held the role of Director of Operations of VietinBank.

VietinBank dismissed Mr. Hoang Ngoc Phuong from the position of Deputy General Director from March 28, 2024.

According to information on the website, after Mr. Phuong's dismissal, VietinBank's executive board will have 8 members, of which Mr. Do Thanh Son is Deputy General Director in charge of the executive board.

The remaining 6 Deputy General Directors are Ms. Le Nhu Hoa, Mr. Koji Iriguchi, Mr. Tran Cong Quynh Lan, Mr. Nguyen Dinh Vinh, Mr. Le Duy Hai, Mr. Nguyen Tran Manh Trung and Chief Accountant Mr. Nguyen Hai Hung.

Regarding the financial situation, in 2023, VietinBank recorded net interest income of VND 53,083 billion, an increase of 11% compared to 2022. The bank reported pre-tax profit of VND 25,100 billion, an increase of 18.8% over the same period last year. After-tax profit correspondingly increased to VND 20,133 billion.

As of December 31, 2023, VietinBank's total assets exceeded VND 2 million billion, up 12% compared to the beginning of the year, of which customer loans increased by 16% to VND 1.47 million billion.

Regarding debt quality, VietinBank's total bad debt increased by nearly 5% from VND 15,824 billion at the end of last year to VND 16,608 billion at the end of December 2023. However, the bank's bad debt ratio still decreased from 1.24% to 1.13%.

On April 27, VietinBank will hold the 2024 Annual General Meeting of Shareholders at the Central Hall of VietinBank Training and Human Resource Development School, Hoai Duc District, Hanoi . The last registration date to exercise the right to attend the meeting is March 26, 2024 .

Source: https://www.nguoiduatin.vn/vietinbank-mien-nhiem-1-pho-tong-giam-doc-a656372.html