PGBank appoints Acting General Director

On September 23, the Board of Directors of Prosperity and Development Joint Stock Commercial Bank (PGBank – UPCoM: PGB) officially announced the decision to appoint Mr. Nguyen Van Huong to the position of Acting General Director.

Mr. Nguyen Van Huong, born in 1980, has more than 21 years of experience in the field of finance and banking. He graduated with a Bachelor of Investment Economics and a Master of Business Administration from the National Economics University in Hanoi.

During his career, he has held many positions from credit officer, to corporate and individual customer management, as well as important sales channels at large state-owned and joint-stock banks such as Vietnam Joint Stock Commercial Bank for Foreign Trade (Vietcombank), Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and most recently he held the position of Deputy General Director, Orient Commercial Joint Stock Bank (OCB ).

PGBank's Board of Directors officially announced the decision to appoint Mr. Nguyen Van Huong to the position of Acting General Director (Photo: PGBank).

Previously, the position of General Director of PGBank was held by Ms. Dinh Thi Huyen Thanh. However, in April this year, Ms. Thanh submitted a resignation letter from the position of General Director and member of the Bank's Board of Directors for personal reasons.

According to information on PGBank's website, the bank's Board of Directors currently has 3 members with Mr. Tran Van Luan as Deputy General Director. After appointing Mr. Huong, the total number of members of the Board of Directors will be 4 members.

Regarding high-level personnel movements, at the end of August, the General Meeting of Shareholders also approved the election of two additional independent members of the Board of Directors, Mr. Dao Quoc Tinh and Ms. Cao Thi Thuy Nga.

Mr. Dao Quoc Tinh has a Bachelor's degree in Industrial and Commercial Credit, a Master's degree in Banking and Finance, and a PhD in Economics (Banking Academy). Mr. Tinh has 38 years of experience in the field of finance and banking.

In addition, Ms. Cao Thi Thuy Nga has a Bachelor of Finance, Master of Finance - Monetary (Academy of Finance) and has 42 years of experience in the field of finance and banking.

At the meeting, answering shareholders' questions about the impact of recent changes in senior personnel on the bank's operations, PGBank Chairman Pham Manh Thang said that the bank is currently restructuring and transforming according to the State Bank's regulations. In particular, senior personnel are key to better development.

In the latest development, PGBank has announced information about shareholders owning 1% of charter capital and related persons.

Accordingly, there are a total of 16 shareholders owning nearly 409 million PGB shares, equivalent to nearly 97.4% of the bank's capital. Of which, 3 institutional shareholders own nearly 168 million shares, equivalent to nearly 40% of PGBank's capital.

Specifically, Cuong Phat International JSC is holding nearly 56.9 million shares, equivalent to 13.541% of ownership. Vu Anh Duc Trading JSC owns 56.11 million shares, equivalent to 13.36% of capital, and Gia Linh Import-Export and Trade Development LLC has 55 million shares, equivalent to 13.099% of PGBank's capital.

Source: https://www.nguoiduatin.vn/pgbank-bo-nhiem-quyen-tong-giam-doc-204240923122552467.htm