Restructured bank gets new CEO

Monday, Feb 24, 2014 18:09

NCB's new chief executive officer Tran Hai Anh is pictured at the appointment ceremony on February 21. -- Photo

HA NOI (Biz Hub) ― Tran Hai Anh, who was the head of the NCB management board office, became the chief executive officer (CEO) of the bank on February 21.

The position had been vacant for nearly nine months.

Anh held managing roles at many other commercial banks before starting work at NCB in May last year, according to VnExpress online.

At the appointment ceremony, she said NCB would need to speed up the restructuring process, business development and debt settlement in the coming months. "The bank is set to stand among the top 20 banks in Viet Nam in terms of total asset values by 2015, and among the top 15 by 2016."

The bank was formerly known as Navibank and was among the fragile credit institutions which were forced to be reorganised by the State Bank of Viet Nam.

In 2013, the bank earned about VND24 billion, or US$1.14 million, in after-tax profits, 10 times higher than the figure of 2012, according to its financial reports.

The net business profits reached VND54.18 billion, or $2.58 million, representing 60 per cent of the previous year's level. But provisional costs declined by nearly 75 per cent, driving up the general result.

The total assets amounted to VND29.22 trillion, or $1.39 billion, on December 31 last year, a year-on-year increase of over 35 per cent. ― VNS

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