National Citizen Bank appoints two deputy general directors

Private Vietnamese creditor National Citizen Bank (NCB) announced the appointment of two deputy general directors on Thursday.

Ta Kieu Hung, 42, holds a master's degree in economics from the National Economics University and holds an MBA from the CFVG French-Vietnamese Center For Management (CFVG).

He 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.

Most recently, he held the position of director of Techcombank's SMEs and retail banking risk management transformation.

Do Thi Duc Minh, 47, graduated from the National Economics University, and holds a master's degree in economics from the Banking Academy.

With nearly 25 years of experience in the field of finance and banking, she previously worked at the State Bank of Vietnam and held senior management positions at Petrolimex Group Commercial Joint Stock Bank, including deputy director of investment banking services, the board of directors's chief of office, and most recently deputy general director.

NCB, previously known as Navibank, has also agreed to part ways with deputy general director Duong Thi Le Ha following a personal request.

In the third quarter of 2022, NCB reported an after-tax profit of negative nearly VND199 billion ($8.45 million), while in the same period last year it was nearly VND80 billion ($3.4 million).

By September 30, 2022, NCB's total assets hit VND78,198 billion ($3.28 billion), up 6% compared to the beginning of the year, of which customer loans reached VND45,164 billion ($1.9 billion), up 8.5%.

Notably, the bank's bad debt balance increased by 5.3 times from VND1,249 billion ($52.46 million) to VND6,648 billion ($279.25 million). Non-performing loan (NPL) ratio r rose to 14.72% from 3% at the end of last year.