Eximbank elects two last board members

Private Vietnamese lender Eximbank's board of directors on Monday elected CEO Tran Tan Loc and Nguyen Canh Anh as its last members for the 2020-2025 tenure.

The men were added to the board at an extraordinary general meeting in Ho Chi Minh City with the participation of 267 shareholders, accounting for 74.89% of the total voting shares. Loc won 88.72% approval, while Anh claimed 88.7%.

The bank’s board of directors for the 2020-2025 tenure now has its full seven members, namely chairwoman Do Ha Phuong, Luong Thi Cam Tu, Le thi Mai Loan, Pham Quang Dung, Tran Anh Thang, Tran Tan Loc and Nguyen Canh Anh.

Loc, born in 1969, joined Eximbank in 1990 and has held many positions such as board secretary cum deputy chief of the board office, standing deputy CEO, and CEO cum company administrator.

Meanwhile, Anh, born in 1979, has worked at many large corporations such as military-run Viettel, Vingroup, and Electric Power Finance Joint Stock Company (EVNFinance). Since August 2021, he has been CEO of Amya Holdings JSC.

Speaking at the event, chairwoman Do Ha Phuong said that now the board has enough members, Eximbank plans to return to being one of the top 10 banks in Vietnam, providing top services for customers. At the same time, the bank will restructure its entire system, making it safe and transparent, for the common purposes of the bank, customers and shareholders, she added.

Eximbank targets a pre-tax profit of VND5 trillion ($205 million) in 2023, but by the end of the second quarter, it had reached only VND1.4 trillion, or 28% of the plan, Loc said, attributing the result to the difficult economic situation and slow credit growth.

In the last six months of the year, with the support of the State Bank of Vietnam and the government plus a better world economic situation, the CEO expects the bank to fulfill its yearly target.

In 2023, Eximbank is targeting VND210 trillion ($8.9 billion) in total assets, VND165 trillion ($7 billion) in capital mobilization, and VND146.6 trillion in outstanding loans, up 13.5%, 11% and 12.3% year-on-year, respectively.

On the Ho Chi Minh Stock Exchange, Eximbank's EIB declined 6.5% to VND23,000 ($0.94) on Tuesday.