Nguyen Hoang Linh. — Photo cafef.vn

HA NOI (Biz Hub) ─ The Viet Nam Public Bank (PVcomBank) management board announced its decision to appoint Nguyen Hoang Linh, the bank's deputy general director, as acting general director on October 31.

According to online newspaper Infonet, Linh replaced Nguyen Thien Bao, who will become a member of the management board of PetroVietnam Exploration Production Corporation (PVEP) on November 1, as accredited by the Viet Nam Oil and Gas Group (PetroVietnam).

Linh has been working in various institutions in the banking and finance sector for 16 years and was in charge of corporate customers and accounting at PVcomBank.

Bao was the bank's general director since January 2014, following the merger of Western Bank and PetroVietnam Finance Corporation as PVcomBank in late 2013. He had previously assumed important positions at PVEP.

PVcomBank has more than VND100 trillion ($4.76 billion) in total assets and VND9 trillion ($428.57 million) in charter capital. PetroVietnam owns 52 per cent and strategic shareholder Morgan Stanley holds 6.7 per cent of the bank's equity. ─ VNS