Vietnamese private lender Eximbank has new leaders

The board of directors of Eximbank, one of the leading mid-sized banks in Vietnam, has appointed deputy CEO Tran Tan Loc as new acting CEO from Tuesday, replacing Nguyen Hoang Hai.

In his resignation letter, Hai said he was stepping down to focus on other tasks and responsibilities as planned, according to the bank’s release on Monday.

Hai was appointed as standing deputy CEO of Eximbank on August 2, 2023, and subsequently became acting CEO on October 3, 2023. During his tenure, he dedicated significant efforts to management, working with other executives to implement solutions that enhanced the bank’s business performance.

After leaving the executive board, he will continue to support the bank as a board advisor.

New acting CEO Loc is a seasoned executive with extensive knowledge of the banking system.

On the same day, Eximbank announced other senior appointments. The board elected member Pham Huyen Trang as its standing vice chairwoman for the 2025-2030 term, effective June 30, 2025.

Trang holds a master's degree in banking and finance. She worked at VietinBank, one of the Big 4 banks in Vietnam, for 12 years, holding several key positions such as deputy director of the Hanoi branch and head of the credit approval division.

She also served as an independent board member of VietinBank Securities. Previously, she had worked at real estate developer Sun Group and “tunnel king” Deo Ca Group.

The board also approved the appointment of Nguyen Van Hoa as deputy CEO, effective July 1, with a one-year term. Born in 1983, Hoa has 20 years of experience in banking and finance. He joined Eximbank in August 2023 as head of the credit division.

Eximbank's business performance has recently shown significant improvement. In 2024, the bank achieved record profits in its 35-year history.

Total assets increased by 19% from the end of the previous year to VND239.77 trillion ($9.18 billion), reflecting the bank’s expanding operations. Customer deposits rose by 12.6% year-on-year to VND178.31 trillion ($6.83 billion), demonstrating strong customer trust and loyalty.

Outstanding credit reached VND168.23 trillion ($6.44 billion), a 19.72% increase from early 2024 - the strongest growth in five years (since 2019), signaling the bank’s efforts to promote safe and effective credit expansion.

Non-performing loan (NPL) ratio improved significantly, decreasing to 2.53%, while cost-to-income ratio (CIR) dropped sharply to 39.73%, from over 47.92% in 2023, highlighting better cost control and operational efficiency.

Beyond financial results, Eximbank is also transforming its mindset around markets and customers, adopting a customer-centric approach. The bank is enhancing governance, strengthening internal audit and control, accelerating digital transformation, and optimizing operations to build a modern, transparent, resilient, and sustainably growing Eximbank.

Currently, the leadership is working with consulting partners and international experts to comprehensively restructure the bank to achieve its future strategic goals.

This year, Eximbank targets a consolidated pre-tax profit of VND5.2 trillion ($200 million), an increase of VND1 billion, or 23.8%, compared to 2024, marking the bank's record-high profit.

Eximbank is listed on the Ho Chi Minh Stock Exchange as EIB, which closed Monday at VND22,850 ($0.87) per share.