The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) has removed Yutaka Abe from his position of deputy director general, Vietcombank said on its website.

Accordingly, Yutaka, who acted a representative of Japanese bank Mizuho at Vietcombank since October 2012, was no longer a deputy director general of Vietcombank with effect from April 14.

Yutaka will take on another duty assigned by Mizuho Bank but still have a seat on Vietcombank’s board of directors.

Mizuho Bank holds 15 per cent stake at Vietcombank in a deal worth US$563.7 million made in September 2011.

On April 28, Vietcombank will hold its annual shareholders’ meeting in Ha Noi.

Vietcombank reported a pre-profit of VND8.2 trillion ($360 million) in 2016, rising by 23.4 per cent over the previous year. In 2017, the bank aimed to earn a pre-tax profit of VND9.2 trillion. — VNS