The Saigon Bank for Industry and Trade (SaigonBank) has appointed Vu Quang Lam as its CEO with effect from Monday.

Lam, a member of the bank’s board of directors, will replace Tran Thi Viet Anh, who retired on Monday.

Lam is a member of Phu Nhuan Construction and Housing Trading Company Ltd as well as deputy general director of HCM City Finance & Investment State-owned Company (HFIC).

Around 65 per cent of the bank’s capital is distributed equally between four major shareholders: HCM City Party Committee Office, Phu Nhuan Construction and Housing Trading Company Ltd, Ky Hoa Tourist Company and Saigon Petro Company Ltd.

Vietcombank and VietinBank own 4.37 per cent and 4.91 per cent of SaigonBank shares, respectively.

The bank recently announced that its 2016’s list of shareholders will receive dividend payment at the rate of 4 per cent. The list closes on June 27, 2017.

With a charter capital of VND3 trillion (US$135 million), SaigonBank expects to pay VND123 billion in dividends to shareholders. The payment will be made on July 27. — VNS