SHB bank appoints new deputy general director

Saigon-Hanoi Bank (SHB) has appointed Tran Xuan Huy its deputy general director in charge of southern Vietnam, effective from March 1, 2023.

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

He has more than 25 years of experience in banking and finance, holding senior management positions like board of directors member, board of management member, and strategic advisor at major banks Sacombank, VIB, HDBank, and ABBank. He used to be general director of Sacombank.

With the appointment of Huy, SHB's management board currently has nine members, including general director Ngo Thu Ha and eight deputy general directors.

In 2022, SHB's pre-tax profit reached more than VND9,658 billion ($407.08 million), up 54% year-on-year. SHB's total income from business activities in the year reached more than VND19,350 billion ($815.6 million).

As of December 31, 2022, SHB's total assets were more than VND551,000 billion ($23.22 billion). Basel II equity was VND62,577 billion ($2.64 billion), while total deposits hit more than VND407,000 billion ($17.16 billion) and outstanding loans to customers exceeded VND385,000 billion ($16.23 billion).

On the Ho Chi Minh Stock Exchange (HoSE), the SHB share price hit VND9,840 ($0.41) at Friday's closing morning session.