Southeast Asia Joint Stock Commercial Bank (SeABank) has appointed Le Thu Thuy as its general director following the approval of State Bank of Viet Nam.

This marks a strategic change at SeABank to strengthen its board.

Born in 1983, Thuy has worked at SeABank for more than 10 years and has many years of experience with international financial and banking organisations.

She held different positions at the bank before being appointed vice chairman of the management board, wherein she was responsible for building a modern, multi-functional retail bank and directly connecting and developing strategic co-operation with leading companies in the country.

Previously, SeABank has had many changes – from strategy and business model to organisational structure – to achieve the goal of becoming a multi-functional, modern financial group and leading retail bank in Viet Nam.

Last year, the bank posted a pre-tax profit of VND381 billion (US$16.7 million), an increase of 161 per cent over 2016 and surpassing 227 per cent of the set target. The bank’s total assets amounted to more than VND125 trillion; total outstanding loans reached VND70.5 trillion; and the bad debt ratio was 0.91 per cent. — VNS