SaigonBank has new CEO

Update: June, 14/2017 - 16:00
Vũ Quang Lãm (left) has been appointed as SaigonBank's new CEO from June 12. Lãm replaces the former CEO Trần Thị Việt Ánh (right), who retired on June 12. — File Photo
Viet Nam News

HÀ NỘI — The Saigon Bank for Industry and Trade (SaigonBank) has appointed Vũ Quang Lãm as its CEO with effect from Monday.

Lãm, a member of the bank’s board of directors, will replace Trần Thị Việt Ánh, who retired on Monday.

Lãm is a member of Phú Nhuận 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, Phú Nhuận Construction and Housing Trading Company Ltd, Kỳ Hòa 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 VNĐ3 trillion (US$135 million), SaigonBank expects to pay VNĐ123 billion in dividends to shareholders. The payment will be made on July 27. — VNS