After three months with no chairperson, Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has finally appointed Le Duc Tho to take the position on October 31.

Under the bank’s statement, released on Thursday, Tho will replace his predecessor Nguyen Van Thang, who left after getting a new job appointment as vice Chairman of the Quang Ninh Province People’s Committee in July.

Tho, born in 1970, holds a PhD in economics. He was a member of VietinBank’s Board of Directors and General Director since April 2014.

VietinBank also appointed its deputy general director Tran Minh Binh to become the bank’s Acting General Director.

On Thursday, VietinBank announced an extraordinary shareholder meeting on December 12 to discuss the bank’s personnel and any other issues. Deadline for registration to attend the meeting is November 21.

VietinBank’s pre-tax profit in the first nine months of the year reached more than VND7.59 trillion (US$324.62 million), up 5 per cent over the same period last year. By the end of September, the bank’s total assets were VND1.17 quadrillion, up 7.2 per cent from the beginning of the year.

Its outstanding loans increased by 11.9 per cent to nearly VND875.8 trillion while mobilised capital rose by 9.7 per cent to VND825.75 trillion. – VNS