Former Sacombank CEO appointed HDBank deputy general director

Former deputy CEO of Saigon-Hanoi Bank (SHB) and former CEO of Sacombank Tran Xuan Huy was appointed deputy general director of HDBank starting Monday.

He will also serve as chief of office of the bank’s board of directors and project director, for one year.

Huy worked as deputy general director of the southern region at SHB from March to mid-October this year.

Huy, 51, has a bachelor's degree in banking and finance from the Ho Chi Minh University of Banking and a bachelor's degree in English from the Ho Chi Minh City University of Education.

He is a veteran in the banking and finance sector, having held senior management and leadership positions at Sacombank, VIB, HDBank and ABBank.

Huy is best known for his role as CEO of Sacombank from 2007-2012 under the era of chairman Dang Van Thanh.

HDBank, listed on the Ho Chi Minh Stock Exchange (HoSE) as HDB, targets a pre-tax profit of VND13.2 trillion ($562 million) in 2023, up 29% over last year.

Its 2023 total assets are expected to reach VND520 trillion ($22.15 billion), up 25% year-on-year; while charter capital will rise to VND29.3 trillion (nearly $1.25 billion), up 16%. HDBank aims to keep its bad debt ratio under 2% this year.

On the stock market, HDB closed Wednesday at VND17,550 ($0.72).