SHB appoints new acting CEO

Thursday, Jul 21, 2022 16:55

Ngo Thu Ha was appointed as SHB's acting general director. — Photo courtesy of the bank

SHB on Wednesday officially appointed Ngo Thu Ha as the bank’s acting general director in its roadmap to strengthen leadership apparatus and achieve strong growth.

Born in 1973, Ngo Thu Ha is a Doctor of Economics. She has 28 years of experience in finance and the banking sector and holds senior management roles at various financial institutions.

She joined SHB in 2008 and has held the positions of Deputy General Director of SHB, member of the Board of Directors of SHB Securities Joint Stock Company (SHBS), and member of the Board of Directors of Sai Gon – Ha Noi Commercial Joint Stock Bank Finance Company Limited, contributing to SHB’s development to the Top 5 largest commercial banks in Viet Nam.

She was awarded two certificates of Merit and a medal for individuals who have made great contributions to the construction and development of Viet Nam’s banking sector.

SHB’s board of directors expects that with her high expertise and extensive experience in the field of finance and banking, Ha will accompany the Board of Directors with great determination to bring SHB to become the leading bank in terms of efficiency and technology in Viet Nam by 2025.

With a vision to 2035, SHB will become a leading modern retail bank in the region, an investment bank that provides the most effective capital for key sectors of the Vietnamese economy.

In the first six months of the year, SHB achieved impressive results as its pre-tax profit reached nearly VND5.9 trillion, up 84 per cent from the same period last year.

Its net income from business activities reached nearly VND9.5 trillion, posting 113 per cent year-on-year increase. The capital adequacy ratio according to Basel II standards reached nearly 12 per cent and the credit rating of Moody's reached B1.

SHB has grown strongly with more than 530 domestic and foreign transaction points, serving over five million individual and corporate customers as well as connecting to 400 correspondent banks across continents.

It is expected that in the third quarter, SHB will be licensed by the State Bank of Viet Nam to complete the transaction of selling SHBFC.

It is expected to earn a significant capital surplus in 2022 and in the next three years, contributing to improving its financial capacity and position. — VNS

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