Eximbank appoints new deputy general director

Private Vietnamese lender Eximbank has appointed Nguyen Hoang Hai as its standing deputy general director for a three-year term starting Wednesday.

Hai, 45, holds a master's degree in international business administration. He has nearly 20 years of experience in banking and finance including senior management roles at financial institutions.

Hai has been a member of the investment board of ABBank, deputy general director of Abbank Asset Management, board member and general director of EVN Finance.

Eximbank's board of directors currently has seven members including general director Tran Tan Loc and six deputy general directors – Le Mai Loan, Pham Quang Dung, Dao Hong Chau, Nguyen Ho Hoang Vu, Nguyen Huong Minh and Nguyen Hoang Hai.

The bank reported a net interest income of VND1.09 trillion ($46 million) in the second quarter of this year, down 23% year-on-year, and after-tax profits of VND422 billion ($17.8 million), down 52%.

In the first six months of the year, the bank earned net interest incomes of VND2.33 trillion ($98.2 million) and after-tax profits of VND1.41 trillion ($59.2 million), down 12% and 26% year-on-year, respectively.

As of June 30, 2023, Eximbank's total assets stood at VND190.3 trillion ($8 billion), up 2.8% compared to the end of last year, with a modest 1% increase in customer loans.

Eximbank's customer deposit balance of VND154.28 trillion ($6.5 billion) was 3.8% compared to the end of last year and equal to 117% of its loan balance.

Speaking at the bank's annual general meeting of shareholders in April, chairman Tran Tan Loc said that the bank expects pre-tax profits to grow 34.5% year-on-year to VND5 trillion ($213 million) in 2023.

On the Ho Chi Minh Stock Exchange, Eximbank's EIB share closed Wednesday at VND22,950 ($0.97).