Military Bank appoints vice chairman

Monday, Sep 09, 2013 11:33


Luu Trung Thai. — Photo

HA NOI (Biz Hub) — Military Bank (MB) management board member Luu Trung Thai has been appointed vice chairman of the bank, according to an announcement on the MB's official website.

The announcement follows the appointment of two deputy general directors last month, Le Hai and Uong Dong Hung, who were previously responsible for regional business and customer service.

In late August the bank reported it had deployed around VND321.4 billion (US$15.3 million) to upgrade work equipment and facilities, VND300 billion ($14.3 million) to invest in affiliates, and nearly VND3.6 billion ($171,400) to expand business and invest in the inter-bank market.

The total VND625 billion ($29.8 million) investment was funded by 62.5 million shares issued by the bank to existing shareholders and employees late last year. — VNS


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