Former EVN Finance CEO becomes acting Eximbank general director

Vietnamese lender Eximbank has appointed former CEO of EVN Finance Nguyen Hoang Hai as its acting general director in one year, starting Tuesday.

Hai replaced Tran Tan Loc, who resigned for "personal purposes".

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. He used to be a member of the investment board of ABBank and deputy general director of Abbank Asset Management.

Earlier in August, Hai was appointed Eximbank’s standing deputy general director for a three-year term.

The bank’s board of directors also announced Pham Quang Dung, a board member, no longer held the position of deputy general director from Monday.

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

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 Tuesday at VND16,750 ($0.69).