Tran Tan Loc. — Photo thesaigontimes.vn

HA NOI (Biz Hub) — The Viet Nam Export Import Commercial Joint Stock Bank (Eximbank) announced the appointment of Tran Tan Loc as acting general director today.

The bank's management board nominated Loc, previously the bank's standing deputy general director, to replace Pham Huu Phu, who resigned after finishing his tenure.

Loc has a doctor's degree in banking and finance and worked at several of Eximbank's departments for 20 years before assuming the deputy general director role in 2007.

Before his tenure at Eximbank, he spent five years working at the Bank for Foreign Trade of Viet Nam (Vietcombank).

"The management, operation and supervisory boards of Eximbank trust Tran Tan Loc, with his many years of experience in banking and finance," the bank wrote in an online statement.

At the end of September, Eximbank's third-quarter financial report put the bank's total assets at VND127.06 trillion ($5.65 billion), down from the VND161.16 trillion ($7.16 billion) recorded at the end of last year.

Its ownership capital, however, reached VND14.53 trillion ($645.78 million), an increase from the VND14.04 trillion ($624 million) achieved at the end of 2014. — VNS