National Citizen Bank appoints new acting general director

Private Vietnamese creditor National Citizen Bank (NCB) on Friday appointed Ta Kieu Hung as its acting general director.

Hung, 43, was one of the two people selected as the bank's deputy general directors late last year, together with Do Thi Duc Minh.

He holds a master's degree in economics from the National Economics University and an MBA from the CFVG French-Vietnamese Center For Management (CFVG).

The new general director has nearly 20 years in senior management positions at leading private lender Techcombank, including regional manager, product development manager, business development manager, deputy head of personal banking, and head of the leadership development initiative.

Before joining NCB, he was director of Techcombank's SMEs and retail banking risk governance transformation.

NCB also relieved deputy general directors Nguyen Dinh Tuan and Do Thi Duc Minh of their positions.

The bank’s board now includes acting general director Hung and deputy general directors Hoang Thu Trang, Nguyen Duc Hieu, Pham Thi Hien and Bui Thi Khanh Van.

According to a report delivered at its annual general shareholder meeting on April 8, at the end of 2022, NCB held total assets of nearly VND90 trillion ($3.8 billion), more than VND73.3 trillion ($3.1 billion) in deposits, and VND47.7 trillion ($2 billion) in outstanding loans.

Its consolidated after-tax profit hit only VND8 billion ($341,000) in 2022, compared to VND1.4 trillion ($59.6 million) in 2021. The non-performing loan ratio surged to 17.9% from 3% at the beginning of last year, the highest level in the whole banking system.

The meeting also approved a plan to issue a maximum 620 million shares via private placement for VND6.2 trillion ($262.4 million) to increase its charter capital to VND11.8 trillion ($503.3 million).